The above statement is true.
The CEO outlining the new goal of decreasing company costs over the next three years is an example of a strategic goal.
Strategic goals are planned objectives of the that an organization strives to achieve. These goals are set after studying the previous performance of the organization, the market trend, etc. They must be achievable.
Answer:
11.00
Explanation:
36,000 net income
200,000 common stock / $4 per share= 50,000 shares
36,000 / 50,000 = 0.72 earnings per share
7.92 / 0.72 = 11
Answer:
$2.28
Explanation:
You're now worried that the Veggie Burger may not be much of a profit-maker, so you decide to calculate its' Contribution Margin. You know that it costs you $4.67 to serve that burger. The menu price is $6.95. What is the Contribution Margin for the Veggie Burger
The contribution margin is the selling price- variable costs.
For veggie Burger,
selling price is $4.67
The variable cost is $6.95
Contribution margin is
= $6.95 - $4.67
=$2.28
Answer:
Hello.
Explanation:
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