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Anon25 [30]
3 years ago
11

Executive Office Supply, a small family-owned company, sells high-priced desks, some as expensive as $10,000, to executives in i

ts area. Very few companies have chosen to market this product, and Executive Office Supply has enjoyed record profits over the last 25 years. As their financial planner, you would advise Executive Office Supply to not utilize strategic planning.True / False.
Business
1 answer:
vagabundo [1.1K]3 years ago
4 0

Answer:

FALSE

Explanation:

Strategic planning consists of a set of strategies that aim to give sustainability to the development of a long term company. This is an extremely important factor, because through strategic planning the company adopts methodologies, processes and production plans that are more appropriate to the project's profile. In addition, strategic planning takes into account the profile of the public consumer of the company's products. Executive Office Supply produces a differentiated product aimed at the high-income public, which is usually sensitive and demanding. Thus, with absolute conviction I would suggest that the company adopt strategic planning.

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Which of the following scenarios most accurately reflects the concept of scarcity?
mojhsa [17]

Answer:

2. Brett is a farmer with an open field on which he can plant either soybeans or corn. 

Explanation:

Scarcity in economics means the resources available to meet man's needs are limited or scarce.

In brett's case, land is limited, so he has to choose between planting soybeans and corn.

I hope my answer helps you

3 0
3 years ago
What's it called when you look in the internet for medical symptoms?
cestrela7 [59]
It is called Cyberchondria

4 0
3 years ago
The following information is available for Zetrov Company. The cash budget for March shows an ending bank loan of $19,000 and an
Alja [10]

Answer:

Zetrov Company

Budgeted Balance Sheet for the month of March

Assets

Current assets:

Cash                                     $59,700

Accounts receivable             96,600

Inventory                                27,300   $183,600

Long-term assets:

Equipment                          $82,200

Accumulated depreciation (34,600)    $47,600

Total assets                                         $231,200

Liabilities and Equity:

Current liabilities:

Bank loan payable             $19,000

Accounts payable               90,800

Income tax payable            27,800   $137,600

Equity:

Common stock                 $34,000

Retained earnings             59,600    $93,600

Total liabilities and equity                $231,200

Explanation:

a) Data and Calculations:

Ending Bank Loan = $19,000

Ending cash balance = $59,700

Accounts receivable = $96,600 ($138,000 * 70%)

Accounts payable = $90,800

Ending inventory = $27,300 (780 * $35)

Net income = $49,800

Income tax payable = $27,800

Equipment at cost = $82,200

Accumulated depreciation, beginning $31,800

Depreciation for the month =                   2,800

Accumulated depreciation, ending =  $34,600

Retained earnings, beginning = $9,800

Net income                                  49,800

Retained earnings, ending      $59,600

6 0
2 years ago
Meaning of accounting​
frutty [35]

Answer:

<em>Accounting is the process of recording financial transactions pertaining to a business.</em> 

6 0
2 years ago
3. Assume that the Appliance Division is operating at 75 percent capacity. The Manufactured Housing Division is currently buying
OverLord2011 [107]

This question is incomplete, the complete question is;

Transfer Pricing: Various Computations

Corning Company has a decentralized organization with a divisional  structure. Two of these divisions are the Appliance Division and the Manufactured Housing Division. Each divisional manager is evaluated on the basis of ROI.

The Appliance Division produces a small automatic dishwasher that the Manufactured Housing Division can use in one of its models. Appliance can produce up to 20,000 of these dishwashers per year. The variable costs of manufacturing the dishwashers are $98.The Manufactured Housing Division inserts the dishwasher into the model house and then sells the manufactured house to outside customers for $73,000 each. The division's capacity is 4,000 units. The variable costs of the manufactured house (in addition to the cost of the dishwasher itself) are $42,600.  

Required:

Assume each part is independent, unless otherwise indicated.

1) Assume that all of the dishwashers produced can be sold to external customers for $320 each. The Manufactured Housing Division wants to buy 4,000 dishwashers per year. What should the transfer price be?

2) Refer to Requirement 1. Assume $24 of avoidable distribution costs. Identify the maximum and minimum transfer prices.  

3) Assume that the Appliance Division is operating at 75 percent capacity. The Manufactured Housing Division is currently buying 4,000 dishwashers from an outside supplier for $290 each. Assume that any joint benefit will be split evenly between the two divisions. What is the expected transfer price?

Answer:

a) The transfer price TP is the market ( $ 320 )

b)

- minimum transfer price : $ 296

- maximum transfer price : $ 320

c) the expected transfer price is $ 194

Explanation:

Given the data in the question;

a) What should the transfer price be?

The transfer price TP is the market ( $ 320 ) as all the dishwashers produced will be sold to the external customers for $ 320 .

b) Identify the maximum and minimum transfer prices?

Refer to question 1 above and assuming $24 of avoidable distribution costs.

the maximum and minimum transfer prices will be;

- minimum transfer price : $ 320 - $ 24 = $ 296

- maximum transfer price : $ 320

c) What is the expected transfer price?

given that; the variable costs of manufacturing the dishwashers are $98.

The Manufactured Housing Division is currently buying 4,000 dishwashers from an outside supplier for $290 each.

so potential gain = $290 - $98

= $ 192

thus, share of gain of each division will be;

⇒ $ 192 / 2 = $ 96

so the transfer price will be;

⇒ $ 98 + $ 96

= $ 194

Therefore, the expected transfer price is $ 194

4 0
3 years ago
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