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rosijanka [135]
2 years ago
8

Every year, Shawna Stuart, the Director of Sustainability at Academic University, sees students throwing away perfectly good fur

niture and household items when they get ready to leave the dorms. And even though Academic U is considered to be one of the best schools in the country, 30% of the people in its surrounding communities earn poverty-level wages. Shawna knows that there must be some way to get all those chairs, couches, tables, and kitchen goods to people who really need them, but she needs some help in figuring out how to do it. Fortunately, you are the president of your school’s Business Honor Society, and your group wants to create a new non-profit organization this year. Shawna’s dilemma is perfect for your team, and together, you decide to create a new organization, Share Your Stuff.
Today, you are meeting with your team of four students, Shawna, and Alfonso Alvarez, the Store Manager for your local Goodwill store. You want to do some planning for the upcoming year. First on the agenda, the group agrees to create a strategic goal for the organization.

Which of the following is a question that you should ask during the development of strategic goals for the organization?

a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
b. Last year, the Office of Sustainability collected 75 usable couches from students, but they were only able to give away 25 of them. What can Share Your Stuff do to give away more couches this year?

After some discussion, the group agrees that they want to create an ongoing, sustainable organization that eliminates at least 50,000 pounds of waste and raises at least $10,000 to pay for organizational expenses. Now that the team has a good idea for a strategic goal, it is important for them to identify a strategic plan that can be used to achieve the goal.

What time-frame should the group consider for this plan?

a. Short-term (One year or less)
b. Long-term (Five years or more)
Business
1 answer:
lawyer [7]2 years ago
8 0

Answer:

1. The question that you should ask during the development of strategic goals for the organization is:

a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?

2. The time-frame that the group should consider for this plan is:

b. Long-term (Five years or more)

Explanation:

A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals.  These are backed up with the action plans for attaining the long-term goals.  A strategic plan should involve the whole of the organization and remain futuristic.  It does not concentrate on short-term objectives.  Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.

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Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: 2017 $
dangina [55]

Answer:

Net loss in 2018 reported in Puritan’s income statement = $360,000

Explanation:

Net Loss:

Net loss is the amount by which a company's total costs are more than its total sales during a particular period.

Formula:

Net loss = -taxable income + Income tax benefit

As taxable income for 2018 = $600,000 and Puritan's tax rate is 40% for all years

Therefore by putting the values in the above formula, we get

Net loss in 2018 in Puritan’s income statement = -$600,000 +  ($600,000 * 40%)

Net loss in 2018 reported in Puritan’s income statement =  -$600,000 + 1500000

Net loss in 2018 to be reported in Puritan’s income statement = $360,000

3 0
3 years ago
Proprietary and fiduciary funds follow account and reporting principles similar to those of ______ organizations.
suter [353]
City of New York

Hope this helps (:
8 0
2 years ago
A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded
djverab [1.8K]

Answer:

A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:

B.bring a suit alleging inverse condemnation

Explanation:

A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.

In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;

1. Inverse condemnation

Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.

3 0
3 years ago
When effective communication affected your success at work
artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

8 0
3 years ago
King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
zimovet [89]

Answer:

January 1, 2020

Bonds Payable                                          1600000 Dr

Loss on Redemption of bonds                 36800 Cr

     Discount on Bonds Payable                        4800 Cr

     Cash                                                              1632000 Cr

Explanation:

The redemption of bonds before the maturity usually requires a payment for redemption which is a certain percentage of its face value. It is usually higher than the face value. The above bonds are redeemed at 102 which means at 102% of the face value of the bonds. Thus, the cash paid to redeem the bonds is,

Cash = 1600000 * 102%  =  1632000

The bonds have a carrying value, which is the face value less discount or add premium, of,

Carrying value = 1600000 - 4800  =  $1595200

If they are redeemed for an amount in excess of the carrying value, they are redeemed at a loss.

The loss on redemption is,

Loss = 1595200 - 1632000 = $36800

5 0
3 years ago
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