Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use <u>planning</u> to to decide what long term strategies the company will use to achieve its goals. They have to use<u> controlling</u> to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use <u>staffing</u> to hire the best top level and middle level talents that can push the company forward. As management they have to use <u>leading</u> to get the employees inspired to move the company forward and finally they will use<u> organizing</u> to put the various processes in the company together to ensure that the company's goals are met.
Answer:
Present Value= $978.83
Explanation:
Giving the following information:
An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $450 at the end of Year 6.
i= 0.09
We need to use the following formula:
PV= FV/(1+i)^n
For example:
Year 1= 150 / 1.09= 137.61
Year 4= 100/1.09^4= 70.84
Year 6= 450/1.09^6= 268.32
PV= 978.83
Answer:
the total yield rate on 6,000 investment is 14.9328%
Explanation:
The computation of the total yield rate is as follows:
= ((Annual coupon rate × bond ÷ interest earned percentgae × (1 + interest earned percentage - 1) + bond) ÷ (bond))^(1 ÷ time period) -1
= ((3.5% × 10,000 ÷ 7.5% × (1.075^5 - 1) + 10,000) ÷ (6,000))^(1 ÷ 5) - 1
= 14.9328%
Hence, the total yield rate on 6,000 investment is 14.9328%
The same is to be considered
Answer:
The Cost of Goods Sold or COGS for the period was $85000
Explanation:
The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,
COGS = Opening Inventory + Purchases - Closing Inventory
COGS = 50000 + 75000 - 40000
COGS = $85000
So, the Cost of Goods Sold or COGS for the period was $85000
