A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. "Provide special attention to your most important clients by adapting your services to their needs." is one initiative that could be planned and implemented to achieve this goal
This is further explained below.
<h3>What is one initiative that could be planned and implemented to achieve this goal?</h3>
Generally, A company's long-term objective is to dominate both its industry's price point and level of service.
Among the many strategies that may be developed and put into action to accomplish this would be to "provide your most valuable customers individualized service tailored to their specific requirements."
In conclusion, Strategic goals are the particular financial and non-financial objectives and achievements that a firm seeks to accomplish over the course of a specified period of time, often the next three to five years.
These goals may be broken down into two categories: financial and non-financial.
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The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
<h3>What is a Collection Float?</h3>
Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:
- Concerning the Bank Deposits
Given,
Average Daily Receipt = $26,482
Average clearing days = 1.3 days
Daily Interest Rate = 0.016%
Required to Calculate = Highest daily fee to eliminate collection float
Calculation,
Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.
= $26,482 x 1.3 x 0.016%
Highest daily fee to eliminate collection float = $550.8 which is $551 (approx).
Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
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Answer:
The answer is $758,000.
Explanation:
Net working capital is total current asset minus total current liability i.e total current asset - total current liability
Total current assets equals($918,000) $105,000 +$290,000 + $213,000 + $310,000.
Total current liabilities equal($160,000) $95,000 +$65,000
Therefore, net working capital is:
$918,000 - $160,000
= $758,000
<span>A written report of the boating accident must be filed within 10 days if the boat or property damage is in excess of $2000 or total boat loss. Forms can be obtained from the local law enforcement authorities. </span><span>The boat operator or owner usually completes the form unless she/he is physically unable to do so.</span>
