Answer:
-24.21%
Explanation:
The rate of return of a stock is the sum of the stock price appreciation and the dividend yield
price appreciation = change in price level = (new price - old price) / old price ($65 - $95) / $95 = -0.3158
dividend yield = dividend / initial price $7/$95 = 0.07368
Rate of return = 0.07368 - 0.3158 = -0.2421 = -24.21%
The planning cycle is represented with six steps in our text, but in practice, it has innumerable steps, with many steps that are repeated and reviewed as events unfold, just as a driver checks the map or GPS frequently.
The planning cycle defines the specific goals and shows that how the goals support the vision and mission. Here, the goals should be stated in measurable terms wherever possible.
Planning, and in fact all of the management functions involved, is a cycle which is known to be within a cycle. As for most of the organizations, new goals are continually being made or existing goals may get changed, or new events may get unfold so there planning never ends.
Hence, the planning cycle takes innumerable steps.
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Answer:
the number of units should be produced is 26,000 units
Explanation:
The computation of the number of units should be produced is as follows:
Units to be produced is
= Expected sales units + ending inventory units - beginning inventory units
= 23,000 units + 18,000 units - 15,000 units
= 26,000 units
Hence, the number of units should be produced is 26,000 units
Answer:
A debit to raw material of $95,000
Explanation:
Raw material inventory is an asset, due to debit nature of this account an addition in the raw material will require a debit entry in this account and credit to cash / account payable.
The journal entry for purchase of raw material is as follow
General Ledger Dr. Cr.
Raw Material Inventory $95,000
Cash / Account Payable $95,000