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3 years ago

Strategy formulation is the process of:

Business

1 answer:

AlladinOne [14]3 years ago

8 0

Answer:

The correct answer is letter "B": choosing among different strategies and altering them to best fit the organization's needs.

Explanation:

Strategy formulation implies setting different plans of how to accomplish corporate goals including all the resources necessary to reach the firm's achievements and selecting one of them as the most suitable for the organization by which profits can be maximized. The strategy formulation process involves:

Establishing goals
Evaluating the company's environment
Setting measurable targets
Aligning unit and corporate plans
Performance analysis
Selecting the best strategy

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On March 17, Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms of 3/10, net 20. What amount did Jack

statuscvo [17]

Answer:

Correct option is (b)

Explanation:

3/10, net 20 is a payment term used for goods sold on credit. This means a 3% discount is given on payment due by the customer if the payment is made within 10 days. Otherwise, full payment need to be made in 20 days.

Here, goods were sold on March 17 and payment was made within 10 days that is 25 March. So, Fredo is entitled to receive 3% discount.

Total amount due is $15,000

3% discount = 0.03 × 15,000 = 450

Remaining amount paid = 15,000 - 450 = $14,550.

So, Jackal recorded revenue of $14,550

6 0

3 years ago

Rao Construction recently reported $28.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00

stich3 [128]

Answer:

a. $12.40

Explanation:

EBIT stands for earnings before interest and taxes; therefore, interest and taxes rates should not be considered. The EBIT is determined as the amount from sales deducted by operating costs and depreciation. The EBIT is:

$EBIT = \$28.00-\$12.60-\$3.00\\EBIT=\$12.40$

The answer is alternative a. $12.40.

6 0

3 years ago

Ramen noodles bought by college students are an example what types of goods?

Korolek [52]

The ramen noodles that the college students have brought is considered to be a rivalrous type of good in which is at the excludable part. This is where the clothing, cars, parking space and even private goods or foods falls under as ramen noodles is considered to be a food.

6 0

4 years ago

A summary of selected ledger accounts appears below for Solomon’s Electrical Services for the current calendar year-end. Common

DaniilM [7]

Answer:

b.net loss

Explanation:

A debit entry in the retained entry account may have two reasons dividend declaration entry and net loss adjustment entry. Form the dividend account we see there is no dividend entry of $18,000. So the only option is the net loss adjustment entry of $18,000.

Journal Entry for the adjustment is as follow

Dr. Retained Earning $18,000

Cr. Income Summary $18,000

7 0

3 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = Annual incremental net operating income

Initial investment

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000 = $69,000

Therefore, simple rate of return = $69,000 / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0

3 years ago