Answer:
1. using plans as a standard for measuring performance.
Explanation:
Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.
It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.
In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.
Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.
Answer:
Variable Expenses
Desk $115,520
Chairs $19,040
Fixed cost
Budgeted $40,000
Under absorbed $1,800
Explanation:
Variable costs are those will vary will the change in sale or activity level e.g material cost, labor cost etc.
Fixed costs are those which remains fix and does not vary with the change in sale or activity level.
Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.
<h3>How do you explain the word compounding?</h3>
Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.
It is the act of letting go of one's money and other compiled interest in an investment for a long time.
learn more about Compounding from
brainly.com/question/2449900?source=archive
Answer:
Accounts Receivable $8,820
To Sales Revenue $8,820
Explanation:
The journal entry to record the sales revenue is shown below:
Accounts receivable A/c Dr $8,820
To Sales revenue A/c $8,820
(Being merchandise sold on credit basis)
For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue
The computation of sales revenue is shown below:
= Sales revenue - discount
= $9,000 - $9,000 × 2%
= $9,000 - $180
= $8,820
This is the answer but the same is not provided in the given options
Diversifying. It is so that they can tap into other markets.
