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wolverine [178]
3 years ago
12

Scott wants to accumulate $3,800 over a period of 11 years so that a cash payment can be made for roof maintenance on his summer

cottage. To have this amount when it is needed, he will make annual deposits at the end of each year into a savings account that earns 7.0% annual interest per year. How much must each annual deposit be
Business
1 answer:
Kamila [148]3 years ago
3 0

Answer:

$240.76

Explanation:

The formula to determine the annual deposit is :

p = FV / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

Annuity factor = (1.07^11 - 1) / 0.07 = 15.783599

p = $3800 / 15.783599 = $240.76

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The basic premise of​ ______ is that firms should establish objectives and evaluate strategies on criteria other than using only
mart [117]

Answer:

D, balanced scorecard

Explanation:

A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.

It also helps to see whatever complications or success that are as a result of the job done by the employees.

A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.

Cheers.

3 0
3 years ago
Discuss how the JIT concept differs between manufacturing and service companies.
mylen [45]

Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.

In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.

Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.

In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.

Learn more about JIT here:

brainly.com/question/16016464

#SPJ4

4 0
2 years ago
has excess cash of​ $15,000 at the end of the harvesting season. will need this cash in four months for normal operations. Requi
kolezko [41]

Answer:

1)

Some of the major reasons why Garden Haven might to choose to either  invest in debt or equity securities are as follows;

  • They want to generate earnings. It is better to earn money from excess cash than keep it idle.
  • They invest in debt or securities because they provide liquidity. Investments in debt or securities can be sold through exchange the day decision is taken to see and convert it cash .
  • To meet cyclical cash needs.
  • They may have policies as regard to quantum of cash that can be kept .

2)

In terms of classification, Garden Haven's investment falls in short term investments.

Investments made for a period less than a year are classified as short term investments. Investments made for longer than one year are classified as long term investments. Since Garden Haven is making this investment for four months, this is be classified as short term investment.

8 0
3 years ago
Given the following time events and incremental cash flow, if the MARR is 12% per year, which alternative should be selected on
Greeley [361]

Answer:

Explanation:

I have attached a screenshot of the spreadsheet I used.

First, input each incremental cashflow in its own cell,

Input the MARR rate as well

To determine if accepting alternative B is worth it or not based on rate of return, use IRR (Internal rate of return) function on excel by typing "=IRR" and select the array of cells containing the cashflows. IRR is 13.84% is positive and it means that alternative B is more profitable since the IRR is greater than the MARR of 12%

8 0
4 years ago
Training employees to effectively deal with customers, providing better assistance to customers, and explaining the use of compl
sesenic [268]
The correct answer is delivery gap. This is the gap between what the customer knows and wants and what you're providing him. If you train your employees well, then the gap will be lower meaning that the customers won't mess things up and will use what they're buying properly. This not only often saves the customer if something complicated and dangerous is used, but it also prevents you from being sued if something malfunctions due to human error.
5 0
3 years ago
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