It is true that the goal received by regional manager Farrah, to reduce the company's costs in the next three years corresponds to an example of a strategic objective.
<h3 /><h3>Strategic planning</h3>
It corresponds to a document where the course of actions that will cover the medium and long term organizational are detailed so that the stipulated objectives and goals are achieved.
Therefore, the strategic objectives of a company will be contained in the strategic planning, and can be understood as the definition of the results that it intends to achieve in a period of time, to increase the vision and the organizational results.
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Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.
<h2>Given:</h2>
Initial value of the Car = 25,000
Depreciation of the Car= 15% per annum based on net book value
<h3>The computation:
</h3>
Note: t = Number of years
As a result, the car's approximate value 5 years after purchase is 11,092.50.
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Answer:
Opportunity costs.
Explanation:
Investing in stocks depicts Barney's opportunity cost of money.
The opportunity cost is the money or funds held up by an individual instead of investing it in other businesses or ventures to yield interests.
<span>The viability and relevancy of insurance products is used to protect your business in case if you specialized on manufacturing unusual products and provides maintain stability of your production.</span>
Answer:
a. Sales for November = $192,666.67
b. Sales for December = $312,400,00
c. Total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
Explanation:
a. Compute the sales for November.
Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($107,000 - $78,100) / 15% = $192,666.67
b. Compute the sales for December.
Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00
c. Compute the cash collections from sales for each month from January through March.
Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.
From the attached excel file, total cash collections are as follows:
January = $200,580
February = $201,360
March = $191,750
