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3 years ago

Francesca is making a list of her long-term goals. What advice will you give her?

Business

2 answers:

asambeis [7]3 years ago

7 0

Answer: Assign a time frame to your long term goals

Explanation:

When Making your long term goals it is important to assign a time frame to your long term goal. Assigning time frame to your long term goals will help you in determining your short term goals that your need to reach in order to achieve your long term goals and it would be easier to check your progress from time to time.

The trick is, if you set your long term goals with appropriate time frame you will be able to determine short term goals that you need to achieve in order to achieve you long term goals. This will allow you to measure your progress towards achieving your long term goals by checking the progress you are making on your short term goals.

Let us assume my Long term goal is to buy my self a house costing $720 000 in 5 years from now, i will now determine what my short term goals should be in order to reach this long term goal. I will need to make $144000 a year and $12000 monthly. The monthly target and yearly target are short term goals that will help me reach my ultimate goal of owning a house costing $720 000, if i do not achieve these short term goals it means i am not making any progress towards achieving my long term goals

choli [55]3 years ago

6 0

[ACCORDING TO PLATO]

Make them time bound

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4 years ago

Mark was recording accounting transactions when he came across a non-standard transaction type. However, based on his knowledge

vlada-n [284]

Answer:

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3 years ago

You are about to leave your shift as a security guard in a retail store, when you notice someone outside tapping on the store wi

Ahat [919]

Since the store is already close-- there's no point of having the employee to come in because as a security guard, it is best to protect the store and having to protect it in a way that a person shouldn't be let in when it is already closed even if the person looks like someone who is working in the store. If the employee has some excuses as to why he or she wants to come in, it best to respond in a way that he or she should come back when the store opens or during his or her shift.

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3 years ago

Q 10.7: Melbee Farms is considering purchasing a new combine that would help them finish their harvesting faster, thus allowing

LUCKY_DIMON [66]

Answer:

Discounted payback period= 3 years 1 month

Explanation:

The discounted payback period is the estimated length of time in years it takes the present value of net cash inflow from a project to equate the net cash the initial cost

To work out the discounted payback period, we will compute present value of the cash inflow and then determine how long it will take for the sum to be equal to the initial cost. This is done as follows:

Year Cash flow DF Present value

0 487,000 × 1 = (487,000)

1 157,000 × 1.07^(-1) = 146,729.0

2 182,000 × 1.07^(-2) = 158965.8

3 202,000 × 1.07^(-3) = 164,892.2

4 213,000 × 1.07^(-4) =162,496.7

Total PV for 2 years = 146729 +158965+164892= 470587.0

Balance of cash flow remaining to equal = 487,000-470587 = 16413.0

Discounted payback period = 3 years + 16413.0 /162,496.7 × 12 months

= 3year , 1.2months

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5 0

3 years ago

The controller of Sunland Industries has collected the following monthly expense data for use in analyzing the cost behavior of

Anastasy [175]

Answer:

Variable cost per unit= $7.2 per unit

Explanation:

Giving the following information:

Month Total Maintenance Costs Total Machine Hours

January: $2,590 - 330

February: $2,890 - 380

March: $3,490 - 530

April: $4,390 - 660

May: $3,090 - 530

June: $5,470 - 730

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,470 - 2,590) / (730 - 330)

Variable cost per unit= $7.2 per unit

6 0

3 years ago