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3 years ago

If a plan sets long term goals for an organization it is

Business

1 answer:

Archy [21]3 years ago

3 0

There are six types of business plans:

1. Start-up – details the steps to start a new business.

2. Internal - targets an audience within the business

3. Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company

4. Feasibility - describes the need for the product or service, makes recommendations

5. Operations - are internal plans that consist of elements related to company operations

6. Growth plans.- are expansion plans written for internal or external purposes

If a plan sets long-term goals for an organization it is strategic planning.

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Calculate the values for each of the questions. Assume that in each country there are no taxes, international trade, or inflatio

Inessa [10]

Explanation:

a. The computation is shown below:

As we know that

Multiplier = 1 ÷ 1 - MPC

1.5 = 1 ÷ 1 - MPC

So, MPC is 0.3333

Now the real GDP is

= Multiplier × Government spending

= 0.3333 × $70 billion

= $105 million

So the change in real GDP is

= $105 million - $70 million

= $35 million

b. The computation is shown below:

As we know that

Multiplier = 1 ÷ 1 - MPC

Multiplier = 1 ÷ 1 - 0.6

So, multiplier is 2.5

Now the real GDP is

= Multiplier × Government spending

= 2.5 × $16 billion

= -$40 million

c. As we know that

Real GDP = Multiplier × Government spending

$280 billion = Multiplier × $70 billion

So, the multiplier is 4

Now the MPC is

Multiplier = 1 ÷ 1 - MPC

4 = 1 ÷ 1 - MPC

So, the multiplier is 0.75

3 0

3 years ago

Identical products is a characteristic of a(n) ______ .

Sophie [7]

Identical products is a characteristic of a A. perfect competition.
Here are all of the characteristics of perfect competition:
1. a large number of small firms
2. identical products
3. freedom and resource mobility
4. knowledge of prices and technology

4 0

3 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

2 years ago

ackenzie, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $

Leokris [45]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Units produced= 600

Direct materials $30 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Fixed manufacturing overhead $17,800 per year

Ending inventory= 600 - 400= 200 units

Under absorption costing, the fixed overhead costs get allocated to the product cost. First, we need to calculate the unitary fixed overhead cost:

Unitary fixed overhead= 17,800/600= $29.67

Now, we can determine the total unitary cost:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 30 + 13 + (6 + 29.67)= $78.67

Ending inventory= 200*78.67= $15,736

7 0

3 years ago

Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total exp

Elis [28]

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000

5 0

3 years ago