Answer:
<u>strategic</u>, <u>specific </u>and <u>flexible </u>
Explanation:
Strategic planning refers to planning for long term ambitions and goals of an organization. Such plans are of strategic importance and hence devised by the top management of an enterprise.
Specific plans refer to the future course of action, which is targeted at meeting a particular or specific goal or objective provided in a basic plan.
Flexible plans are the plans which allow for last minute changes in the strategy as per the business situation prevalent.
In the given case, the shop owner has reset overall goals i.e modified them and devise a specific plan to achieve those alongside making an allowance for future business fluctuations. This means, the plan should be strategic, specific and flexible.
<span>If the kitchen in an operation has sewage backup the manager should call a plumber to come fix the issue. If the sewage is backing up to the point it could contaminate any food being cooked/served, the manage should temporarily close down the restaurant until everything is fixed and working properly. </span>
Answer:
$18.35
Explanation:
P0 = D1/(1+r)^1 + D2/(1+r)^2 + D3/(1+r)^3 + P3/(1+r)^3
D1 = $2.40 * 0.90 = $2.16
D2 = $2.16 * 0.90 = $1.944
D3 = $1.944 * 0.90 = $1.7496
P3 = D3*(1+g)/(r-g) = $1.7496*(1+0.05)/(0.14-0.05) = $20.412
P0 = D1/(1+r)^1 + D2/(1+r)^2 + D3/(1+r)^3 + P3/(1+r)^3
P0 = [$2.16/(1+0.14) + $1.944(1+0.14)^2 + $1.7496/(1+0.14)^3 + $20.412/(1+0.14)^3]
P0 = $18.35
Therefore, the worth of the stock today is $18.35.
Answer:
$38.
Explanation:
Management perform Cost, Volume, and Profit (CVP) analysis to calculate break-even points, set target costs, and to set target profits. It helps them in formulating strategies effectively, reducing costs to generate maximum profit, and to utilize resources efficiently.
As we know that profit is the difference between sales and costs. So, the target cost can easily be calculated by re-arranging the profit equation which is given below;
Profit = Sales - Total Cost
⇒ Total / Target Cost = Sales - Profit
Simply put the figures in the above equation and it gives you;
Target cost = 53 - 15 = $38 OR 72% (38 / 53).
Note: It is more appropriate to state target profit on percentage basis. Here the percentage of target cost is 72%.
Answer:
C. $2
Explanation:
The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:
3,750-3500= 250
With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:
250 units ⇒ $500
1 unit ⇒ x
x=( 1*500)/250= 2
The firm's short-run marginal cost is $2.