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3 years ago

One important managerial function is controlling, and the first step in the controlling process consists of

1 answer:

6 0

One important managerial function is controlling, and the first step in the controlling process consists of setting clear performance standards.
The goal of the controlling is to control that standards are met and stated goals of the organization are achieved .
Standards are used to measure the actual performance and are the benchmarks towards which efforts of entire organisation are directed. Some examples of standards are: revenue to be earned, cost to be incurred., improved motivation, improved quality of products,..

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New equipment was purchased by Hunter Corporation at a list price of $94,000, with credit terms of 2/10, n/30. Payment was made

IRISSAK [1]

Answer:

$102,240

Explanation:

List price $94,000

Less list price credit term(2%×$94,000)$1,880

Balance $92,120

Add: Discount period $7,800

Delivery charges $940

Labor cost $1,380

Total cost $102,240

Therefore the total cost of Hunter's equipment is $102,240

8 0

3 years ago

A Japanese steel firm sells steel in the United States and in Japan. Since the United States buys steel from a number of differe

Nostrana [21]

Answer:

Charge a lower price in the United States and a higher price in Japan.

7 0

3 years ago

Wayco Industrial Supply has a pretax cost of debt of 7.6 percent, a cost of equity of 16.8 percent, and a cost of preferred stoc

Vanyuwa [196]

Answer:

14.88%

Explanation:

Market value of common stock outstanding = 220,000 * $27 = $5,940,000

Market value of preferred stock = 25,000 * $41 = $1,025,000

Market value of bond = $550,000 * 101.2% = $556,600

Wayco's total financing market value = $5,940,000 + $1,025,000 + $556,600 = $7,521,600

Weighted average cost of capital = [($5,940,000 / $7,521,600) * 16.8%] + [($1,025,000 / $7,521,600) * 9.1%] + [($556,600 / $7,521,600) * 7.6% * (1 - 34%)] = 0.1488, or 14.88%

8 0

3 years ago

You want to invest some money today to ensure you have exactly $50 thousand in 6 years to use as the down payment on a house. Yo

Naddik [55]

Answer:

True

Explanation:

STRIPS are zero coupon bonds, and the advantage of them is that they allow an investor to know exactly how much money they will receive at a future date.

The investor purchases the STRIPS at a discount value, which we are not told here. E.g. assuming that the discount rate is 5% (similar to (4), the price of the STRIPS = $50,000 / (1 + 5%)⁶ = $37,311.

5 0

3 years ago

According to the u.s. census, the multigenerational household has increased more than a third between 1990 and 2000, and represe

mixas84 [53]

According to the u.s. census, the multi generational household has increased more than a third between 1990 and 2000, and represents 4.8% of all households in america. A multi generational household is a household that consist of more than two generation living in the same roof. For example, a household that consist of the householder, the child, and the grandparents or the householder parents.

3 0

3 years ago