The mission statement<span> should guide the actions of an organization, spell out its overall goal, provide a path, and guide decision-making. It provides "the framework or context within which the company's strategies are formulated". It is like a goal for what a company wants to do for the world.</span>
Answer:
We can say the rate is close enought to 14%
Explanation:
tthe IRR will be the rate at wich the NPV is zero
The cash flow are an annuity of 4,120 for 6 years
NPV = present value of cash flow - investment
0 = PV of annuity - investment
0 = PV of annuity - 16,000
PV = 16,000
C 4120
time 6
rate IRR
We divide the PV by the annuity to get the annuity factor
16,000 / 4,120 = 3,88349
We can look into the annuity table for a factor at time = 6 close to this figure
we have
14% factor of 3.889
15% factor of 3.784
We can say the rate is close enought to 14%
Answer:
C. Accounts Receivable 45,400 Sales Revenue 45,400
Explanation:
Trade Receivable $45,400 (debit)
Revenue $45,400 (credit)
<em>Recognise an Asset - Trade Receivable and Revenue</em>
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear
Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000
The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard. You could get a raise for always being in time. You could eventually get a better job. Or made a manager