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3 years ago

8

Strategic plans translate tactical plans into specific goals and actions for small units of the organization and focus on the ne

ar term.
a. True
b. False

1 answer:

alekssr [168]3 years ago

7 0

False it’s operational plans

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Suppose a small business has sales of $15,000 this month, with future sales expected to grow by $1,600 each month. Costs consist

liraira [26]

Answer:

$8,220

Explanation:

According to the scenario, computation of the given data are as follow:-

This month Sales = $15,000

Growth expect in future sales per month = $1,600

Next Month Sales = Current Month Sales + Growth Expect In Future Sales Per Month

Variable Cost = Total Sale of Current Month × 40%

Gross Profit = Sales - Fixed Cost - Variable Cost

Per Month Gross Profit

Particular Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

Sales ($) 16,600 18,200 19,800 21,400 23,000 24,600 26,200

Less - Fixed cost($) 7,500 7,500 7,500 7,500 7,500 7,500 7,500

Less-Variable cost ($) 6,640 7,280 7,920 8,560 9,200 9,840 10,480

Gross profit ($) 2,460 3,420 4,380 5,340 6,300 7,260 8,220

Gross profit in a single 7 month from now = $8,220

7 0

3 years ago

The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $3,900 Current asse

Ratling [72]

Answer:

$2,896 is needed

Explanation:

external financing needed = net income - working capital needs - capital expenditures + retained earnings

net income = $1,560 x 1.2 = $1,872
working capital needs = ($4,700 x 1.2) - ($860 x 1.2) = $5,640 - $1,032 = $4,608
capital expenditures = fixed assets x 20% = $940
retained earnings = $1,560 x 50% = $780

external financing needed = $1,872 - $4,608 - $940 + $780 = -$2,896

7 0

3 years ago

In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was ex

Bingel [31]

Answer:

Sunk cost will be = $70

Explanation:

Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.

In the given instance, Damon Rutton Purchased the ticket of $70

This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.

When he spend some time with his wife sunk cost will be = $70

8 0

3 years ago

Berne, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per

Vladimir [108]

Answer and Explanation:

As per the data given in the question,

Flexible manufacturing overhead budget

Activity level :

Machine hours 2,000 hours 3,000 hours 4,000 hours

Variable costs :

Indirect labor $5 $10,000 $15,000 $20,000

Indirect material $2.50 $5,000 $7,500 $10,000

Maintenance $0.80 $1,600 $2,400 $3,200

Utilities $0.30 $600 $900 $1,200

Total variable cost $22,600 $25,800 $34,400

Fixed costs :

Supervision $800 $800 $800

Insurance $200 $200 $200

Property taxes $300 $300 $300

Depreciation $900 $900 $900

Total Fixed cost $2,200 $2,200 $2,200

Total Cost $24,800 $28,000 $36,600

3 0

3 years ago

Why do employees who participate in planning change efforts tend to have more positive opinions about the change

dusya [7]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) They have the opportunity to reject the proposed change.

b) They will have the opportunity to know more than others about the change.

c) They will be able to convince customers the change was the right thing to do.

d) They will feel a sense of ownership of planned change and are more likely to be on board.

And the correct answer is the option D: They will feel a sense of ownership of planned change and are more likely to be on board.

Explanation:

To begin with, it will be more acceptable for an employee of a company or a member of a group to agree with a change if that person was involved in the planning of the change. That means that he will feel that he is part of the solution and therefore part of the team because his ideas were listened and maybe he contributed with something. That is why that members who participate in the planning of a change will always be more positive about the final outcome due to the fact that they were there during the process of deciding that outcome and that will make them feel integrity related to the work and to the team as well.

3 0

2 years ago