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Blizzard [7]
3 years ago
10

The upper-level managers of one world enterprises are meeting for the week to look at the long-term company goals and overall di

rection of the organization. the ceo has expressed his concern over the economy and has told his managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of one world are
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

In this meeting, top managers of one world are <em>doing strategic planning.</em>

Explanation:

In the field of business management, strategic planning can be described as organizational planning in which priorities are discussed, goals are set, operations are strengthened, agreements are made on common goals and agendas and assessment of the different works of the organization are made.

As in the scenario depicted above, the upper-level managers had a meeting with the CEO to discuss future plans and make an assessment of the current works, hence we can say that strategic planning was being done in the meeting.

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Tasty Tangerine is currently selling 50,000 boxes for $25 per box. Variable cost per box is $17 and fixed costs total $260,000.
Charra [1.4K]

Answer:

decrease by $16,000

Explanation:

We know that,

The net income = Sales - variable cost - fixed expense

The sales = Sales units × selling price per unit

                = 50,000 boxes × $25

                =  $1,250,000

The variable cost = Sales units × variable cost per unit

                             = 50,000 boxes × $17

                             =  $850,000

And, the fixed cost is  $260,000

So, the net income would equal to

= $1,250,000 - $850,000 -  $260,000

= $140,000

Since, the sales units are increased by $24,000 units, so new sales units is 74,000 units

And, the sales per unit is decreased by 2 So, new sales per unit is $23

So, the new sales

= Sales units × selling price per unit

= $74,000 × $23 = $1,702,000

The variable cost = Sales units × variable cost per unit

So, the new variable cost equals to

= 74,000 units × $17

= $1,258,000

And the fixed expense would increased by the $60,000 so new fixed cost is $320,000

So, the new net income would be equal to

= $1,702,000 - $1,258,000  - 320,000

= $124,000

If we compare these two net income, then the difference would be

=  $140,000 -  $124,000

= $16,000 decrease

5 0
3 years ago
The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The followi
Mazyrski [523]

Answer:

3-Jul

Dr Work in process 25,500

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

Cr Work in process 142,760

b. $5,840 Over applied

c. Gross profit $35,580

Explanation:

Furlar and Benson General Journal

3-Jul

Dr Work in process 25,500

(170 hours ×150 per hour)

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

(260 hours ×185 per hour)

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

(170 hours +260 hours)*62

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

(25,500+12,500+48,100+30,000+26,660)

Cr Work in process 142,760

b. Calculation for how much office overhead isover- or underapplied

(28,500+4,000)-26,660

=32,500-26,660

=$5,840

Therefore the office overhead is over applied with $5,840

C. Calculation to Determine the gross profit on the Obsidian case

Fees earned 172,500

Less Cost of services (136,920)

(142,760-5,840)

Gross profit $35,580

Therefore the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services will be $35,580

5 0
3 years ago
The quickest way to distribute your band’s new song to a lot of listeners is to
Brrunno [24]
Upload it in a networking media like YouTube or smule etc.
3 0
3 years ago
4. Another term for a pre-inspection agreement is A. pre-sale inspection. B. partial inspection. C. scope of work. D. standard o
kolbaska11 [484]

Answer:

Another term for a pre-inspection agreement is Standard of practice.

Explanation:

Standard of practice entails agreement signed before any business is done at all, it forms the basis of the agreement documented and signed

7 0
4 years ago
An employer provides each of its employees with life insurance protection equal to three times the employee's annual salary. Ann
tino4ka555 [31]

<u>Answer:</u>

On the off chance that you <em>kick the bucket</em> during the term, a passing advantage is paid out. On the off chance that you don't pass on during the term, the approach ends toward the finish of the term.

A noteworthy advantage of this sort of approach is that the excellent cash come back to you is <em>totally tax-exempt,</em> as it isn't viewed as salary yet just a discount of premiums.  

As you're looking into term <em>life coverage approach choices,</em> you may go over the expression yearly sustainable premium.

Be that as it may, for an every year <em>sustainable premium term approach</em>, the top notch will build every year. After some time it's conceivable to pay more in premiums than what might have been paid for a <em>level premium term approach.</em>

3 0
3 years ago
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