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slavikrds [6]
3 years ago
15

Jennifer couldn't believe her bad luck. The business-planning cycle at Allworld Insurance was almost over. The only thing her bo

ss had asked her to do was to make copies of four sets of final plans. Each set contained a different level of planning and each was supposed to be delivered to a different manager for review. But now those documents are all over the floor. Everyrhing has to be back in the right order as quickly as possible. Knowing that you are a planning expert, Jennifer asks for your help. She tells you that Allworld Insurance uses an aligned, or cascading, goal system. You can expect to see each set of plans flow in a logical way throughout the company.
Complete the table and help Jennifer by selecting the correct types of plans that match the given statements.
1) We are known for our operating efficiency and for reducing insurance costs for our customers.
(A) Operational.
(B) Strategic.
(C) Tactical.
(D) Mission statement.
2) The Human Resource Division will reduce the overall cost of fullfilling employment requisitions by eliminating the use of outside recruiting agencies.
(A) Strategic.
(B) Mission Statement.
(C) Tactical.
(D) Operational.
3) We will eliminate redundencies throughout the corporation to decrease our overall expenses by 20%.
(A) Mission Statement.
(B) Operational.
(C) Strategic.
(D) Tactical.
4) Each human resource employee will use advertisements and personal networking to attract at least 10 qualified applicants per open position.
(A) Operational.
(B) Mission statement.
(C) Strategic.
(D) Tactical.
Identify the problem with each of the following goals.
1) To increase Ford SUV sales in Dubai by 300%.
(A) Not specific.
(B) Not measurable.
(C) Not result-oriented.
(D) Not time-bound
2) To sell 2% more air conditioners and 5% more refrigerators in 2014.
(A) Not specific.
(B) Not measurable.
(C) Not result-oriented.
(D) Not time-bound.
Business
1 answer:
Natalija [7]3 years ago
4 0

Answer:

Explanation:

Strategic plans: They are those who seek to fulfill the company's wishes in the long term. They are usually described in a general way and are executed through tactical plans.

Tactical plans: They are those who take the strategic plans and turn them into specific activities for their execution and development.

Operational plans: Operational plans are all those that seek to create the mechanisms to plan and fulfill tactical plans.

Mission Statement: is the set of general objectives and principles of work to grow the company.

According to this definitions the answers are:

1) (D)Mission statement.

2) (A)Strategic.

3) (D)Tactical.

4) (A)Operational.

Goals questions:

1) (D) The statement does not specifies the time limit to accomplish the goal.

2) (A) Information regarding the type of air conditioners and refrigerators to be sold and the place where the goal is set is missing.

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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
notka56 [123]

Answer:

Power Drive Corporation

Journal Entries:

March 1:

Debit Cash Account with $2,548,000

Credit Common Stock with $52,000

Credit APIC - Common Stock with $2,496,000

To record issue of 52,000 additional shares of $1 par value common stock for $49 per share.

May 10:

Debit Treasury Stock with $4,700

Debit APIC - Common Stock with $239,700

Credit Cash Account with 244,400

To record repurchase of 4,700 shares of treasury stock for $52 per share.

June 1:

Debit Dividends- Common Stock with $198,855

Credit Dividends Payable with $198,855

To record cash dividend of $1.35 per share declared (147,300 shares).

June 15:

No records required

July 1:

Debit Dividends Payable with $198,855

Credit Cash Account with $198,855

To record payment of cash dividend.

October 21:

Debit Cash Account with $133,950

Credit Treasury Stock with $2,350

Credit APIC - Common Stock with $131,600

To record reissue of treasury stock for $57 per share.

Explanation:

1. Issue of 52,000 additional shares results to a credit to the Common Stock account with 52,000 x $1 par value.  This is equal to $52,000.  The additional $48 x 52,000 goes to the Additional Paid-in Capital.

2. Treasury stock is the repurchase of outstanding stock by the company.  When repurchase at more than the par value, the difference is a debit to the Additional Paid-in Capital account, when the par value method is adopted.  The other method, which records the whole costs in the Treasury Stock account is the cost method.  Remember that the Treasury Stock account is a contra account to the Common Stock account.

3. Dividends are payable on outstanding stock.  The outstanding stock on June 1 to June 15 is calculated as follows:

Opening balance = 100,000 shares

New issue = 52,000 shares

less Treasury = (4,700)

Total = 147,300 shares

Dividends are then payable on 147,300 shares at $1.35 per share.  This gives a total of $198,855.

4. The resale of Treasury stock reduces the balance of the treasury stock account at par value and increases the Additional Paid-in Capital account with the premium.

3 0
3 years ago
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $
cestrela7 [59]

Answer:

Cash flows from operating activities:

Net income                                                                          $52,000

Adjustments to net income:

  • Depreciation expense $30,000
  • Accounts receivable increased by ($25,000)
  • Inventories increased by ($5,000)
  • Accounts payable decreased by ($18,000)             <u>($18,000)</u>

Net cash flow provided by operating activities                $34,000

3 0
3 years ago
Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

5 0
3 years ago
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
stellarik [79]

Answer:

9.2%

Explanation:

expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

  • 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
  • 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
  • 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
  • total expected return = 9.2%
6 0
3 years ago
When required reserves exceed actual reserves, commercial banks will be forced to have borrowers:?
torisob [31]

Repay loans so that the bank can get it reserves back up to the required level

6 0
3 years ago
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