All categories

3 years ago

Why are short-term and long-term goals important when it comes to money? Give an example of each.

Business

1 answer:

Fantom [35]3 years ago

5 0

Answer:

Answer to the following question is as follows;

Explanation:

The precision of planned statistics that relate to future activities is a benefit of short-term planning. Long-term planning may be less trustworthy due to the inaccuracy of longer-term projections.

Long-Term Financial Objectives For most people, the most important long-term financial objective is to save enough money to live comfortably.

Virtually all organisations, from small startups to huge established firms, require short-term money management. Even huge corporations with seemingly strong financial accounts have declared bankruptcy because they were unable to pay their existing obligations.

You might be interested in

Arlington Town uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calcu

sergij07 [2.7K]

Solution :

The price per trip is given as $=\frac{\text{total cost}}{\text{No. of trips}}$

The number of trips is given as = 800

The total cost calculations are as follows :

Particulars Amount Calculations

Annual cost for automobile van $ 18,000 $\frac{45000 \times 2}{5}$

Cost of driver salary $ 80,000 45000 + 35000

Cost of fringe benefits $ 24,000 80000 x 30%

Cost of insurance $ 2,000 $\frac{6000}{3 \text{ years}}$

Fuel and maintenance $ 8,000

Total cost $ 132,000.00

Therefore the price per trip $=\frac{\$ 132,000}{800 \text{ trips}}$

$= \$ 165 \text{ per trip}$

5 0

3 years ago

Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 100,000 units of basic, 460,000

statuscvo [17]

Answer:

Bricktan Inc.

The total contribution margin if Bricktan chooses the most profitable sales mix is:

= $22,350,000.

Explanation:

a) Data and Calculations:

Basic Classic Deluxe

Sales units 100,000 460,000 170,000

Limited production capacity = 110,000 hours

Units per hour 10 8 4

Sales mix 10 8 4

Contribution per unit $15 $25 $55

Contribution per hour $150 $200 $220

Total production hours 10,000 57,500 42,500

Total contribution margin $1,500,000 $11,500,000 $9,350,000

Total contribution = $22,350,000

4 0

3 years ago

Type the first thing that come to your mind

solong [7]

Answer:

testing </3

Explanation:

5 0

3 years ago

Read 2 more answers

10. The assembly worker reached for an Allen wrench in the workplace, hesitating momentarily while searching for the correct siz

Yuri [45]

Answer:

Explanation:

The list can be seen below.

Sequ Therblig Therblig Description

ence symbol name

1 TE Transport empty $\text{Reach for the Allen wrench in the workplace}$

2 St select $\text{ Select the correct size}$

3 G Grasp $\text {Grasp the Allen wrench}$

4 TL Transport loaded $\text{Pick up and move Allen wrench toward screw}$

5 P Position $\text{Position Allen wrench into hexogonal socket}$

6 RL Release $\text{Release grip on Allen wrench}$

7 TE Transport Empty $\text{Move wrist and finger in preparation for turning}$

8 U Use $\text{Twirl Allen wrench with one continuous motion}$

9 TE Transport empty $\text{Reposition wrist and hand}$

10 G Grasp $\text{Grip Allen wrench in preparation for tightening}$

11 U Use $\text{Tighten screw with Allen wrench}$

8 0

3 years ago

Motor vehicle services technicians usually must provide their own tools as part of their employment. These tools are the propert

Sergio [31]

Answer:

the tool reimbursements should not be treated as income on the service technicians.

Explanation:

Any Reimbursement cannot be taxed because there is no income generated if actual reimbursement is made. So in the given case Tools Reimbursement received by the Technicians are not taxable because it is the amount spend by them for providing the service and actual reimbursement is made. No income has been generated in this.

This practice will reduce the income of the government by two side. One is on the side of the company we are allowing them with a business expenses thereby reducing their tax liability by reducing the profits and other is the same cannot be charged to tax from the side of the worker because it is just a mere reimbursement of actual expenses.

7 0

3 years ago