All categories

3 years ago

How is planning made and why is it important

Business

1 answer:

lapo4ka [179]3 years ago

8 0

Answer:

planning

Explanation:

it Helps to Set the Right Goals

In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal

You might be interested in

If average cost is falling, marginal cost must also be falling.<br> True<br> False

Katarina [22]

Answer:

it is true

Explanation:

6 0

3 years ago

Oriole Chemicals Company acquires a delivery truck at a cost of $32,000 on January 1, 2022. The truck is expected to have a salv

emmainna [20.7K]

Answer:

$4,500

Explanation:

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

($32,000 - $5,000)/6 = $4,500

The straight line depreciation method allocates the same deprecation expense for each year of the useful life of the asset.

Therefore, the depreciation expense each year would be $4,500.

I hope my answer helps you

4 0

3 years ago

Which of the following is false regarding the FIFO inventory method?

puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.

• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

Therefore, the correct option is D as all are true.

4 0

3 years ago

Sheffield Corporation had income from continuing operations of $10,745,300 in 2020. During 2020, it disposed of its restaurant d

dem82 [27]

Answer: Please see explanation column for answers

Explanation:

Partial income statement for Sheffield Corporation

Income from continuing operations $10,745,300

Discontinued operations:

Loss from operation of discontinued $317,300

restaurant division, net of tax

Loss of disposal of restaurant division, $198,600

net of tax

Total of the losses $515,900

Net income $10,229,400

(Income from continuing operations -Losses from Discontinued operations)

Earnings per share

Income from continuing operations $10,745,300/10,000,000 shares

=$1.07453

Discontinued operations $515,900 /10,000,000 shares

=$0.05159

Earnings per share of net income ($1.07453-$0.05159) =$1.02294≈$1.02

Net Income for Sheffield Corporation is $10,229,400 with Earnings per share $1.02

8 0

3 years ago

Intel suggests it uses a standard discount rate across different lines of business. what would be a reasonable justification for

ser-zykov [4K]

The company utilizes a standard discount rate crosswise over various lines of business in light of the fact that the deliberate hazard over their distinctive business lines is the same. The financing cost charged to business banks and other store foundations for advances got from the Federal Reserve Bank's markdown window.

6 0

3 years ago

How is planning made and why is it important​

How is planning made and why is it important