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3 years ago

In what ways do goals and objectives help managers control the organization?

1 answer:

6 0

Setting goals and objectives provides the guidance and direction, Motivates and inspires the employees, Facilitates planning and also helps organizations evaluate and controls the performance.

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John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D

ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

6 0

3 years ago

E24-26 Determining transfer pricing The Watkins Company is decentralized, and divisions are considered investment centers. Watki

Stells [14]

Answer:

Part 1.

The negotiable range for the transfer price is between is $6 to $18 as the Netting division will incur loss if it sells its product below its variable cost whereas the maximum price it can transfer the product to Basketball equipment department is equal to the selling price that is $18.

Therefore, negotiable range is between for the transfer price is $6 to $18.

Part 2.

The minimum transfer price the Netting division should consider if at operating capacity is $18.

If they are at below capacity, the minimum transfer price would be $6.

Part 3.

The maximum transfer price the basketball equipment division should consider must be equal to the price outside vendors are charging for the same quality product that is $15.

Therefore, the maximum transfer price the Basketball Equipment Division should consider is $15.

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3 years ago

Price is the _____________ a consumer is willing to make to acquire a specific product or service.

vfiekz [6]

Answer:

Overall sacrifice

Explanation:

Price is associated with the amount of money that a consumer have to pay to purchase a articular product. Overall sacrifice is that amount of money which is sacrificed by the consumer to acquire a particular product or service. Price of the product is set by the seller in the market and it is totally depends upon the willingness of the consumer to buy the product at the prevailing prices or not.

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4 years ago

Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6

deff fn [24]

Answer:

1755 units are ordered

Explanation:

given data

Daily demand = 100 units

standard deviation = 25 units

review period = 10 days

lead time = 6 days

stock = 50 units

service probability = 98 percent

to find out

how many units should be ordered

solution

order quantity is calculated in fix time period formula is express as

q = $\bar{d}(L+R) + z \sigma_{L+R} - I$ .........................a

here L is lead time and R is review time and σ is standard deviation and I is stock and d is Daily demand

so first we find here standard deviation that is

$\sigma_{L+R} = \sqrt{L} * \sigma$ ...................1

$\sigma_{L+R} = \sqrt{25} * 25$

$\sigma_{L+R} =100$

so the value of z is for 98 % service probability is 2.05

so put here value in equation 1

q = 100 × ( 6 +10) +(2.05) × 100 - 50

q = 1755 units

so 1755 units are ordered

5 0

3 years ago

What is the definition of compound interest? ( say in your own words and not from the internet )

ollegr [7]

Answer:

Compound interest (or combining interest) is that the interest on a loan or deposit calculated supported each the initial principal and also the accumulated interest from previous periods.

5 0

3 years ago