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4 years ago

Formal planning means specific goals are formulated and never reduced to writing but simply communicated.

1 answer:

3 0

The statement that formal planning means specific goals are formulated and never reduced to writing but simply communicated is false.
In opposite formal planning is type of strategic planning that includes writing of the organization's goals and objectives. The given definition refers to the informal planning.

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What is the typical relationship between time and interest rate everfi?

klasskru [66]

Interest rate is directly proportional to time. An interest rate is the amount of money due per period or a proportion of the amount borrowed or deposited. The total interest depends on the principal sum and the length of time over which it is lent or deposited. Therefore, the value of money will depend on interest rate and time. The longer time of debt or bank deposit, the higher interest rate.

7 0

3 years ago

For 2018, Gourmet Kitchen Products reported $23 million of sales and $18 million of operating costs (including depreciation). Th

Helen [10]

Answer:

$1,750,000

Explanation:

Economic value added (EVA) = Net operating profit after taxes - Invested capital * Cost of capital

Economic value added (EVA) = [($23,000,000 - $18,000,000)*(1 - 0.35)] - [$15,000,000*10%]

Economic value added (EVA) = $5,000,000*(0.65) - $1,500,000

Economic value added (EVA) = $3,250,000 - $1,500,000

Economic value added (EVA) = $1,750,000

Hence, the management add the value of $1,750,000 to stockholders' wealth during 2018.

7 0

4 years ago

In the BIG BUCKS LOTTERY, the chance of winning a $10 prize is 1%. What is your best guess about how many people would win a $10

3241004551 [841]

Answer:

The correct answer would be, 10 Persons.

Explanation:

If there are 1000 people in the Big Bucks lottery and there is a 1 percent chance of winning 10 dollars prize if all 1000 people buy the lottery ticket of 10 dollars. If every person buys 10 dollar lottery ticket, then the chances of winning people would be calculated as follows:

Total number of People = 1000

Chances of winning the lottery = 1%

So How many people would win 10 dollar lottery = 1000 * 1%

= 1000 * 0.01

= 10 People.

So there are chances that 10 out of 1000 people will win the lottery.

5 0

4 years ago

Read 2 more answers

Nina Parkhurst owned a ranch and asked her son, Doug Boykin, to move to it and manage it for her. Boykin and his wife moved to t

Black_prince [1.1K]

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

5 0

4 years ago

Many companies state their brand promise directly in words, using a short phrase called what

denpristay [2]

Answer:Many companies state their brand promise directly in words, using a short phrase called what? A. A warranty B. A customer mindset C. A corporate image D. A tagline

✓ D.

4 0

3 years ago