<span>This is goal specificity. Claudia has set a goal that is not only verbalized, but it has been specified to an exact amount. Values that do not meet this threshold will be considered to have been a failure to meet the goal. This allows for management of resources to better allocate them in a way that will meet the stated threshold.</span>
Answer:
I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.
The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.
When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".
Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.
If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.
Answer:
Cost of Goods Sold $ 248,000
Explanation:
Askew Company
The Cost of Goods Sold Statement
for the year ending June 30, 2021.
Inventory, 7/1/2020 33,500
Add Purchases 255,000
Less Purchase returns 11,500
Less Purchase Discounts 7,500
Net Purchases 269,500
Add Freight In $ 20,000
Cost of goods Purchased 289,500
Less Ending Inventory balance $41,500.
Cost of Goods Sold $ 248,000
Working
Askew Company
Account Debit Credit
Inventory, 7/1/2020 33,500
Sales revenue 395,000
Sales returns 13,500
Purchases 255,000
Purchase discounts 7,500
Purchase returns 11,500
Freight-in 20,000
Inventory balance 6/30/2021 $41,500.
Answer: they are engaging in partnership
Explanation:
Answer: To achieve their objectives, they must first create a budget that indicates whether it is viable to move their business to other cities. In addition, it would be good if they get financing for the growing business and that this does not imply the company that they keep operating, has to contribute their own funds
Why? what could happen is the opposite effect and that they are doing badly in the company that currently has for this reason the planning is the priority in a possible expansion.