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Kamila [148]
4 years ago
4

John is a sales representative with Medpharma Industries. He sells medical equipment to hospitals and clinics. He sets an object

ive of selling more than 70 percent of his monthly target within a week.
According to the SMART system, which of the following criteria for setting goal statements has John ignored in this scenario?

A. Realistic

B. Attainable

C. Measurable

D. Time bound
Business
1 answer:
solmaris [256]4 years ago
3 0

Answer:

The correct answer is letter "A": Realistic.

Explanation:

The SMART system is an approach that describes the characteristics goals should have so they can be achieved. SMART stands for <em>Specific, Measurable, Achievable, Realistic, </em>and <em>Timely</em>. The Realistic characteristic involves setting objectives that are reachable within a given timeframe and according to the resources necessary to achieve them.

Thus, <em>John is not setting a realistic goal by attempting to reach 70% of his sales objective during the first week of work. John will possibly have to lower the percentage and extend the number of days to achieve a good number of sales before the end of the month.</em>

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Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,4
Ann [662]

Answer:

1. Production budget for third quarter for skis - 162,500 skis

2. Direct materials budget for Carbon Fiber for quarter 3 - 323,000 pounds

   Cost of carbon Fiber purchases - $ 4,199,000

3. Direct Labor budget for quarter 3 - $ 1,462,500

4. Factory overhead budget for quarter 3 - $ 2,446,000

Explanation:

Computation of Production budget for quarter 3 for skis

Closing inventory- skis end of quarter 3                                   4,900 skis

Add: Sales for quarter 3 -  skis                                                164,000 skis

Less: Opening inventory - skis                                               <u>(    6,400)</u> skis  

Production for skis in units                                                      162,500 skis

Computation of direct material budget for quarter 3

Closing inventory Carbon fiber                                                  5,400 pounds

Add: Consumption of Carbon fiber in production    

162,500 skis * 2 pounds                                                         325,000 pounds                                        

Less: Closing inventory Carbon fiber                                   <u> (     7,400) </u>pounds

Direct Materials carbon Fiber Budgeted Purchases            323,000 pounds

Cost of Carbon Fiber Purchases ($ 13*323,000 pounds)    $ 4,199,000

Computation of direct labor budget for quarter 3

Production of skis for quarter 3                                                162,500 skis

Direct Labor hours per unit                                                        0.5 hours

Cost per Direct Labor Hours                                                      $ 18 per hour

Total Direct Labor Budget (162,500 skis* 0.5 hours * $ 18 )   $ 1,462,500

Computation of Factory overhead budget for quarter 3

Production of skis for quarter 3                                                162,500 skis

Variable costs $ 8 per labor hours ( 81,250 hours * $ 8)        $   650,000

Fixed overhead per quarter                                                      <u>$ 1,796,000</u>

Total overhead for quarter 3                                                    $ 2,446,000

5 0
3 years ago
Read 2 more answers
If the nominal interest rate per year is 10% and the inflation rate is 4%, the real rate of interest is closest to
Llana [10]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 10%

Inflation rate= 4%

The real interest rate is the result of deducting from the nominal interest rate the inflation rate. I<u>nflation has the opposite effect than the interest rate on the value of money through time.</u>

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.10 - 0.04

Real interest rate= 0.06

7 0
3 years ago
Andover Systems has a standard variable overhead rate of $5.60 per machine hour, and each unit produced has a standard time allo
artcher [175]

Answer:

Andover's variable-overhead efficiency variance is $-42,000 Unfavourable

Explanation:

According to the given data we have the following:

Standard overhead rate=$ 5.60 per hour    

Actual Hours=110,000 hours    

Standard hours=47,000 units x 2.5 hours per unit    

=117,500 hours

Therefore, in order to calculate the Andover's variable-overhead efficiency variance we would have to use the following formula:

Variable Overhead efficiency variance=Standard overhead rate x (Actual hours - standard hours)

=$ 5.60 x (110,000 - 117,500)    

=$-42,000  Unfavourable

7 0
3 years ago
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luda_lava [24]

Answer:

$8,770.00

Explanation:

In this question we use the present value formula i.e shown in the attachment below:

Data provided in the question

Future value = $0

Rate of interest = 0.48%

NPER = 4 years × 12 months = 48 months

PMT = $205

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $8,770.00

7 0
4 years ago
____ can help organizations to maintain flexibility as they plan.
weeeeeb [17]
Option-based planning can help the organization to maintain flexibility as they planned. When you say options-based planning, allows the staff in a certain team or organization to coordinate to be able to gather options for planning.
6 0
3 years ago
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