A clear expression of a firm's Organizational purpose will detail why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.
<h3>What is a firms organizational purpose?</h3>
This is a terminology that is used to refer to the objectives of the firm as well as the goals and what it hopes to achieve.
It helps to highlight the problems in the society that it wishes to solve and all of its goals.
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Answer:
PV= $9,626.49
Explanation:
Giving the following information:
Cash flow= $1,500
Interest rate= 9%
Number of years= 10
First, we will determine the future value, using the following formulas:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {1,500*[(1.09^10) - 1]} / 0.09
FV= $22,789.395
Now, the present value:
PV=FV/(1+i)^n
PV= 22,789.395/(1.09^10)
PV= $9,626.49
Answer:
(1) Depreciation on factory equipment. ____MOH
(2) Depreciation on delivery trucks. ____ Period Cost
(3) Wood used to build a bookcase. ____Direct Material
(4) Production supervisor’s salary. ____ MOH
(5) Glue and screws used in the bookcases. ____ MOH
(6) Wages of persons who assemble the bookcases. ____Direct Labor
(7) Cost to run an ad on local radio stations. ____Period Cost
(8) Rent for the factory. ____ MOH
(9) CEO’s salary. ____ Period Cost
(10) Wages of person who sands the wood after it is cut.
Direct Labor
Period Cost are costs that are not directly involved in the manufacturing costs of a product but are incurred in a particular period. These expenses include advertising and selling expenses.
Direct Materials are material used to make a product . For example wood is a direct material for making shelves.
Direct Labor are the wages paid to the people who work in the production of a product.
Manufacturing Overheads are charges associated with the manufacturing of a product.they are indirect costs of the production like rent of the building etc.
