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Simora [160]
3 years ago
11

Green Frog is an environmentally friendly firm in the cosmetics industry. Even though Green Frog is environmentally friendly, th

e strategic planning team had decided that financial performance is one of the company's top priorities. Which of the following is the best example of an objective the company might use to help it achieve its goal of superior financial performance?

Business
1 answer:
kakasveta [241]3 years ago
5 0

Answer:

D) Growth in earnings per share averaging 15% or better annually for the next five years

Explanation:

First of all, objectives must be well defined and measurable. That is why increasing profitability is a good idea but not a very good strategic objective, since a 0.00001% growth in profits will still comply with it. The same applies with growing market share.

Improving product quality will help improve total sales but it is not a financial objective.

The only financial objective that is precise and measurable is option D, which sets the goal of increasing earnings per share at least 15% every year.

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Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?
Tema [17]

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

t=time

Therefore

$500×2%×1= 10

5 0
3 years ago
Ocean Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Ocean is a merchant who deals in goo
UNO [17]

Answer:

d.​regardless of what Ocean knew or could have discovered.

Explanation:

The uniform commercial code are a set of rules that govern transactions involving sale of goods. One of such rules is the implied warranty of merchantability.

When goods are sold there is an implied warranty that the item will perform up to a particular level.

For example if one buys a television not is expected that the television will work. If it does not come on, implied warranty has been breached.

So in this case regardless of what Ocean knew or could have discovered, selling defective goods is a breach of implied warranty of merchantability.

7 0
3 years ago
Badgersize Company has the following information for its Forming Department for the month of August.
sergiy2304 [10]

Question Completion:

Costs incurred in August:

Direct materials $154,000

Conversion costs $264,000

Answer:

Badgersize Company

                                          Materials      Conversion

a. Equivalent units              74,000          69,500

b. Cost per equivalent unit $3.162          $4.144

Explanation:

a) Data and Calculations:

                                            Units      Materials      Conversion      Total

Beginning WIP inventory   20,000       100%              20%

Units started  August        54,000

Total units available          74,000

Transferred out                 59,000

Ending WIP inventory        15,000       100%                70%

Cost of beginning WIP                     $80,000          $24,000       $104,000

Costs incurred in August                 154,000          264,000          418,000

Total production costs                  $234,000        $288,000      $522,000

Equivalent unit             Units      Materials      Conversion

Units transferred out  59,000     59,000          59,000

Ending WIP inventory  15,000      15,000           10,500

Equivalent units                            74,000          69,500

Cost per equivalent unit

Total production costs           $234,000      $288,000

Equivalent units                          74,000          69,500

Cost per equivalent unit         $3.162              $4.144

8 0
3 years ago
An organization that regularly provides a standardized set of data on a periodic basis to its subscribers is called a ______.
Helga [31]
B.full service research supplier
4 0
2 years ago
Bee Inc. is working on its cash budget for March. The budgeted beginning cash balance is $35,000. Budgeted cash receipts total $
son4ous [18]

Answer:

$10,500

Explanation:

Bee Inc.

Cash Budget for March

Budgeted Receipts                                    $116,000

Les Budgeted Expenses                          ($110,000)

Net Cash                                                       $6,000

Add Budgeted Beginning Balance           $35,000

Balance                                                        $41,000

Loan ($51,500 - $41,000)                            $10,500

therefore,

To attain its desired ending cash balance for March, the company needs to borrow $10,500

4 0
2 years ago
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