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solmaris [256]
3 years ago
10

Kia, a top-level manager in a software firm, is allocating the company's resources to meet the organization's long-term goals. S

he is also defining the organization's activities for the next five years. In this scenario, Kia is most likely contributing to developing the company's ___________?
Business
1 answer:
ELEN [110]3 years ago
3 0

Answer: Strategic plan

Explanation: In simple words, it refers to the strategy in which the management tries to set the goals and objectives of the firm and allocate its resources effectively on different uses. It is done for long term purposes.

In the given case, Kia is allocating the resources and setting organisation activities for next five years.

Hence we can conclude that Kia is involved in company's strategic planning.

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Assume that Jones Company has an unadjusted balance in Merchandise Inventory of $100,000. Due to shrinkage, a physical inventory
Liono4ka [1.6K]

The journal entry that is needed to record the needed adjustment is;

Cost of Goods sold: 1,000 debit

Merchandise Inventory: 1,000 credit

When making the journal entry the company needs to adjust for the lower amount of merchandise that they have. Then the cost of the goods that were sold needs to be debited. Lastly, the merchandise inventory is credited.

It is imperative that all companies keep an updated journal. This helps to keep the balances correct. If the company has an audit and the adjustments aren't made correctly they could be fined.

Learn more merchandise inventory at brainly.com/question/13414269

#LearnwithBrainly

6 0
3 years ago
your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is not lost, because you just received an
kobusy [5.1K]

Answer:

If the interest rate decreases, you will be able to pay back the loan in only 58 months, which is 27 months less than with the higher interest rate.

Explanation:

I prepared an amortization schedule using the 21.8% rate, an it would take 85 months to pay of your debt completely. But if the interest rate decreases to 12.4%, it will take you only 58 months.

Download pdf
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8 0
3 years ago
Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and adminis
IgorLugansk [536]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit is computed as follows. Direct materials $ 4 per unit Direct labor $ 16 per unit Variable overhead $ 4 per unit Fixed overhead ($600,000 / 100,000 units) $ 6 per unit.

We don't have the information of selling price and units sold.

Income statement:

Sales

Variable costs:

Direct material

Direct labor

Variable manufacturing overhead

Total variable cost (-)

Contribution margin

Fixed costs (-)

Net operating income

3 0
3 years ago
Which of the following will improve your bargaining position with customers a. ​The product your team produces has become more c
exis [7]

"There are fewer close substitutes for the product your team supports"  will improve your bargaining position with customers.

<u>Option: B</u>

<u>Explanation:</u>

Bargaining is the procedure which is preferred by citizens not only with street shops but it is famous internationally too, where defense, economic trade deal, etc are signed between two different nations to corporate and shake hand of unity. Bargaining is more effective when one allow seller to know that the party itself have more substitutes if the product is not provided by the seller in appropriate rate.

For an instance, if India need to buy some rolling defense helicopters for nation from Russia but prices are high and United States is providing same material with lower price or may be with better rewards on buying from them.

3 0
3 years ago
Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the product
bonufazy [111]
他們會不會覺得不得不承認是自己的問題,他們會不會覺得
7 0
2 years ago
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