Answer: Planning
Explanation: Planning refers to the process of setting goals and procedures and determining the need of resources to accomplish those goals.
In the given case, Hazel has already set her goal of providing the best ice cream in the market. Now she needs to set the procedures of how she can do so in an ethical manner. She has to determine the processes and rules she need to make to achieve the objective of ethical culture in her organisation.
Hence from the above we can conclude that in the planning phase.
I would invest in building my own house. This is appealing to me because I want to raise a family in a nice house that I have built.
Answer:
Closing inventory based on Specific IDENTIFICATION
7 Dec purchase ( 20-16) = 4 * $16 = $64
14 Dec purchase ( 35 -14) = 21*$24 = $504
21 Dec purchase 30*$29 = $870
closing inventory 31 Dec <u>= $1438</u>
Explanation:
The question is incomplete but here is a complete one
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.
Purchases on December 7 20 units @ $16.00 cost
Purchases on December 14 35 units @ $24.00 cost
Purchases on December 21 30 units @ $29.00 cost
Required:
Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.
Answer:
15.26%
Explanation:
Let the expected return if economy is normal be X
Expected return ; E(R) = SUM(probability. *return)
E(R) =15.1% OR 0.151 as a decimal
RECESSION: (probability. *return) = -0.08 * 0.02 = -0.0016
NORMAL: (probability. *return) = 0.87 *X = 0.87X
BOOM: (probability. *return) = 0.11 *0.18 = 0.0198
Next, sum the three returns and equate them to 0.151;
-0.0016 + 0.87X + 0.0198 = 0.151
0.87X + 0.0182 = 0.151
Subtract 0.0182 from both sides;
0.87X = 0.151 - 0.0182
0.87X = 0.1328
Divide both sides by 0.87 to solve for X;
X = 0.1526 as a decimal or 15.26%
Therefore, expected return if economy is normal is 15.26%
