Answer:
TRUE
Explanation:
Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.
To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.
Answer:
D. Ordinary Income: $20,000 , Guaranteed payment: $30,000
Explanation:
Ordinary Income refers to that part of income which is classified under salaries, wages or net income in case of Partnership. Such income is taxable at ordinary rates.
Net income refers to income arrived at after deduction of all expenses and taxes from profits. In case of partnership, profits and losses are distributed in agreed profit sharing ratio as per the clause in partnership deed.
In the given case,
Net Income before adjusting guaranteed payment to Clover: $90,000
Less: <u>Guaranteed payment to Clover</u>: <u>($30,000)</u>
Ordinary Income/Net Income for all 3 partner's $60,000
Clover's share in ordinary income is one third i.e $20,000
Clover's guaranteed payment $30,000
Answer:
The estimated inventory at May 31 is $352,549
Explanation:
In order to calculate the estimated inventory at May 31 we would have to calculate the following formula:
Estimated closing inventory=(resale of goods- sales in may)*(beginning inventory plus purchases/resale of goods
Estimated closing inventory=($1,020,000-$400,000)*($580,000)/$1,020,000)
Estimated closing inventory =($620,000*$580,000)/$1,020,000
Estimated closing inventory =$352,549
The estimated inventory at May 31 is $352,549
The group or organization matchup is given below;
- Non-state actor - terrorist.
- International Organization -World Trade Organization, United Nations.
- Nation-state - Canada.
<h3>What is a Nation state?</h3>
The term nation-state is known to be a any country that is territorially held together as a sovereign state.
Note that in this kind of country, it is one that is governed in the name of a community of its own people who identify or see themselves as a nation.
See full question below
Match the group or organization on the left with its correct category on the right.
non-state actor:
terrorist
International Organization:
World Trade Organization,
United Nations
nation-state: Canada
Learn more about Nation-state from
brainly.com/question/19454824