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3 years ago

Changing a problem culture typically does not involve

Business

1 answer:

kumpel [21]3 years ago

5 0

Answer:

a. altering the company's financial objectives.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation (goal) and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

In Business management, changing a problem culture typically does not involve altering the company's financial objectives because the problems that are related to organisational culture are social and more closely related to the behavior and belief of the employees.

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Check My Work Dressed to a Tee received a promissory note of $8,000 for 10 months at 6% simple interest from one of its customer

nikklg [1K]

Answer:

$8,120

Explanation:

To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.

Gross proceed= P + (P×R×T)

P- 8,000 R- 6%, T- 10/12

Gross proceed = (8,000 + 8,000× 6%× 10/12)

= $8,400

Discount charges = Gross proceed × discount rate × time to maturity

Time to maturity = 10 - 5 = 5 months

Discount rate - 8%, Time- 5/12

Discount charges = 8400× 5/12× 8% = $280

Proceeds to be received = $8,400 - $280

= $8,120

5 0

4 years ago

Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost

sammy [17]

Answer:

a) ending inventory: 11,850,000

cost of goods sold: 25,200,000

gross profit 25,200,000

ending inventory: 1,800,000

cost of goods sold: 23,100,000

gross profit 50,400,000 - 23,100,000 = 27,300,000

Explanation:

5,200 at $600

4,100 at $700

6,200 at $800

purchase 29,000 at $900

-sold 28,000 grills

As we use LIFO we sale from the last purchase thus, 29,000 - 28,000 = 1,000 of this units are added as another layer for the inventory account

ending inventory

5,200 at $ 600

4,100 at $ 700

6,200 at $ 800

1,000 at $ 900

Total $ 11,850,000

cost of good sold:

28,000 x $900 = $25,200,000

sales revenue

28,000 x 900 x 200% = $50,400,000

gross profit sales revenue less COGS

b) 5,200 at $600

4,100 at $700

6,200 at $800

purchase 15,500 at $900

-sold 28,000 grills

we check how many layer deep we go:

28,000 - 15,500 at 900= 12,500

12,500 - 6,200 at 800= 6,300

6,300 - 4,100 at 700 = 2,200 at 600

Ending Inventory

3,000 at $600 = $ 1,800,000

COGS:

15,500 x 900 + 6,200 x 800 + 4,100 x 700 + 2,200 x 600 = 23,100,000

3 0

3 years ago

Question 3 of 10

kifflom [539]

It’s D and goodluckkkkkkk

7 0

3 years ago

Read 2 more answers

Tile & Grout (T&G) contracts to resurface the insides of the pools at Water World Park. T&G knows that without the r

stepan [7]

Answer: C. The loss of profit from delayed opening.

Explanation: Tile and Grout failed to execute the job they were contracted and caused water world to delay opening. In business Tile and Grout company will be held liable for failure to execute contract.

Water world can recover the loss of profit from delayed opening due to the failure in the part of Tile and Grout company.

7 0

3 years ago

A company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company

Vladimir [108]

Answer:$12.63

Explanation:

The preferred stock is a fund raising mechanism used by a firm to raise fund from the public. A preferred stock can have a fixed rate of dividend and can be cummulative. A preferred stock of such means the firm is oblige to pay the dividend and if it's unable to pay in a particular year then it will added to future years.

The issued price of the stock is a loan to the firm and the cost are the dividend and issuing cost incurred by the firm, in the above scenario the cost of the stock is

(5% of $92.50)+ $8

= $12.63

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3 years ago