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Nikitich [7]
3 years ago
9

A petroleum refinery stockpiles crude oil so that it can easily switch between producing home heating oil and gasoline, dependin

g on relative demand. This is an example of _____ planning.
Business
1 answer:
irina1246 [14]3 years ago
6 0

Answer:

Strategic planning is the correct answer

Explanation:

Strategic planning is the plan that is established to analyze the business and to set objectives to reach the goal of the organization.

Strategic planning helps the organization in taking the decision and changing the process when required for the success of the organization.

Steps involved in Strategic planning are

  • To set a goal to clarify the vision of the business.
  • to gather and analyze the information.
  • To formulate and implement the strategy.
  • Evaluate and monitor performance.
You might be interested in
Which of the following best describes the purpose of INSURANCE?
denpristay [2]

Answer:

I think B

Explanation:

Insurance in short term is something that helps people protect themselves from losing money. So financial losses can be money.

3 0
2 years ago
Cramer Corp. issued $20,000,000 of 5-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $19,227,757.
Slav-nsk [51]

Answer:

The journal entry is as follows:

 Interest expense   $961,388.00  

                           Discount on issue of bond  $61,388.00

                           Cash                                          $900,000.00

Explanation:

In order to prepare the journal entry we have to calculate first the interest expense and the cash.

Therefore, Interest expense= ($19,227,757×10%×6/12)=$961,388.00

Cash=$20,000,000×9%×6/12= $900,000

By difference then, the discount on bond payable=$961,388-$900,000

                                                                             =$61,388.

     

Hence, the journal entry is as follows:

 Interest expense   $961,388.00  

                           Discount on issue of bond  $61,388.00

                           Cash                                          $900,000.00

7 0
3 years ago
Loren Company's single product has a selling price of $15 per unit. Last year the company reported total variable expenses of $1
34kurt

Answer:

If the company applies the changes, income will increase by $28,500.

Explanation:

<u>First, we need to calculate the current number of units sold:</u>

Sales (dollars)= net income + fixed costs + total variable cost

Sales (dollars)= 30,000 + 90,000 + 180,000

Sales (dollars)= $300,000

Number of units= 300,000 / 15= 20,000

<u>Now, the selling price increases by 15%, and the number of units decreased by 10%:</u>

Unitary variable cost= 180,000/20,000= $9

Selling price= 15*1.15= $17.25

Number of units sold= 20,000*0.9= 18,000

Net operating income= 18,000*(17.25 - 9) - 90,000

Net operating income= $58,500

If the company applies the changes, income will increase by $28,500.

4 0
2 years ago
Historically, 74% of credit card users carry a balance from month-to-month. A certain credit card company would like to study th
Hoochie [10]

Answer:

The probability more than 72% of the cardholders are carrying a balance is 0.2946

Explanation:

Test statistic (z) = (p' - p) ÷ sqrt[p(1-p) ÷ n]

p' is the sample proportion = 0.72

p is the population proportion = 0.74

n is the number of cardholders sampled = 140

z = (0.72 - 0.74) ÷ sqrt[0.74(1-0.74) ÷ 140] = -0.02 ÷ 0.037 = -0.54

The cumulative area of the test statistic is the probability that less than 72% of the cardholders are carrying a balance. The probability is 0.7054.

Probability (more than 72% of the cardholders are carrying a balance) = 1 - 0.7054 = 0.2946

3 0
3 years ago
Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the
aleksandrvk [35]
He should consult the manufacturing department
3 0
3 years ago
Read 2 more answers
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