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Mashcka [7]
3 years ago
14

The key reasons that an organization should adopt planning and strategic management are to:

Business
1 answer:
vitfil [10]3 years ago
8 0

Let understand that Strategic planning is the approach used to for process of documenting and establishing the direction of the organisation goals and objectives.

  • Strategic planning creates an organization vision, mission and priorities etc

  • Let understand that "Strategic management" refers to the overall process of strategic planning to implementation and executing of other plan.

The key reason for adopting these plan are:

  • Gives direction and momentum: The plans gives an organization direction on how to operate.
  • Encouragement of new ideas: The plans helps to encourage new ideas because the business new to expand.
  • Its gives Sustainable competitive advantage.

Learn more about this here

<em>brainly.com/question/4564918</em>

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The Jones Company has decided to undertake a large project. Consequently, there is a need for additional funds. The financial ma
vova2212 [387]

Answer: $25

Explanation: Dividends are the returns the shareholders of the company get for investing the the company and bearing the risk and it is calculated as follows :-

Dividend = (value of share) * (rate of return)

Here we have,

Dividend = $5

rate of return = 20%

Therefore,

value\:of\:share\:=\:\frac{dividend}{rate\:of\:return}

value\:of\:share\:=\:\frac{\$5}{20\%}

                                = $25

4 0
4 years ago
On October 31, 2015, your company's records say that the company has $21,335.83 in its checking account. A review of the bank st
Alex Ar [27]

Answer:

$11,671.73

Explanation:

The computation of the bank statement dated October 31,2015 balance is  

Ending balance                     $21,335.83

Less: Outstanding checks   -$9,669.69

Add: Interest received          $30.59  

Less: Service charged           -$25

Reported balance                  $11,671.73

We simply deducted the outstanding checks and service charged and the rest items would be added to the ending balance so that the reported balance could come

8 0
3 years ago
The total manufacturing cost variance consists of a.direct materials cost variance, direct labor rate variance, and factory over
Lostsunrise [7]

Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).

Explanation:

Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.

The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.

7 0
4 years ago
Financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known
mojhsa [17]

Answer:

The correct answer to the following question is Pro forma financial statements.

Explanation:

A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued.  And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.

If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.

4 0
3 years ago
Higher education refers to education from ninth to twelfth grades.<br> True<br> False
kykrilka [37]
True ................................
8 0
3 years ago
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