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3 years ago

Using your knowledge of SMART goals, select the best goal.

Business

1 answer:

makkiz [27]3 years ago

4 0

Answer:

SMART Goals

1. Best Goal:

D. Our division will increase profits by 10% by the end of 2013.

2. Planning Step Order:

Set goals

Develop an effective action plan

Develop commitment to goals

Track progress toward goal achievement

Maintain flexibility

3. Method for tracking goal progress:

D. Providing performance feedback.

Explanation:

A goal is described as SMART when it is specific, measurable, attainable, relevant, and time-based. A goal to achieve a 10% increase in profits by the end of 2013 meets these five criteria.

In developing goals, it is imperative to follow known steps so that success can be attained with all the business efforts.

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Small businesses are actually the major engine of the economy, especially now that much of our manufacturing jobs have moved overseas, so they play a crucial role in employment.

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3 years ago

In early year 8, Alice sold Tom, her son, 20 shares of common stock for $20,000. Alice had paid $25,000 for the stock in year 2.

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Answer:

He must report 15,000 gain in his year 8 tax...........

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3 years ago

The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e

Lesechka [4]

Answer:

c. a small number of firms are acting strategically.

Explanation:

The Firms in oligopoly can influence market outcome and thus they act strategically to achieve the expected outcome.

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3 years ago

The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi

Strike441 [17]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid = Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

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3 years ago

1. Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for $21 each

olga_2 [115]

Answer:

$470,000 F

Explanation:

The computation of the static budget variance of operating income is shown below:

Particulars Actual results Static budget Static budget variance Units sold 180,000 units 185,000 units

Revenues $3,780,000 $4,440,000 $660,000 U

Variable costs $1,080,000 $1,295,000 $215,000 F

Contribution margin $2,700,000 $3,145,000 $445,000 F

Fixed costs $800,000 $775,000 $25,000 U

Operating income $1,900,000 $2,370,000 $470,000 F

Note:

Multiply the selling per unit with unit sold to get the revenue amount

6 0

3 years ago