Micro environment essay

What are the quantifiable metrics a company uses to evaluate progress toward critical success factors?

GrogVix [38]

Answer:

<em>Key performance indicators (KPIs)</em>

Explanation:

A Key Performance Indicator (KPI) is <em>a tangible metric that indicates how successfully an organization is achieving core business goals. </em>

Organizations use these indicators to measure their performance in meeting goals. Key performance metrics have to be tracked and recorded in order to be beneficial; whether they shift in real time they must be recorded in real time.

KPI Interfaces are really the perfect platform a businesses performance tracking reports, since they can be used to visually depict a company's performance, a specific department, or a key business.

5 0

3 years ago

Jim has an annual income of $180,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners i

MariettaO [177]

Answer:

$787,471.02

Explanation:

Given:

Jim's annual income = $180,000

Monthly property taxes = $140

Monthly homeowners insurance = $70

Monthly student loan payments = $178

Maximum front end DTI limit = 28%

Maximum back end DTI limit = 36%

Amortizing period = 30 years = 360 months

annual rate = 4.5% compounded monthly

Now,

Monthly salary = $\frac{\textup{Annual income}}{\textup{12 months}}$

or

Monthly salary = $\frac{\textup{180,000}}{\textup{12 months}}$

or

Monthly salary = $15,000

Maximum front end DTI limit

= (Maximum Monthly loan payment + monthly property taxes + monthly homeowner's insurance) ÷ Monthly income

0.28 × $15,000 = Maximum Monthly loan payment + $140 + $70

Maximum Monthly loan payment = $4,200 - $140 - $70

= $3,990

and,

Maximum back end DTI limit =

or

0.36 × $15,000 = Maximum Monthly loan payment + $140 + $70 + $178

or

Maximum Monthly loan payment = $5,400 - $140 - $70 - $178

= $5,012

Now,

The monthly payment = minimum of [ $3990, $5012 ]

therefore,

The monthly payment = $3,990

Thus,

The maximum amount of loan = Monthly payment × $[\frac{(1-(1+\frac{r}{k})^{-kn})}{(\frac{r}{k})}]$

here,

k = 12 when compounded monthly

n = 30 years

r = 4.5% = 0.045

The maximum amount of loan = $3,990 × $[\frac{(1-(1+\frac{0.045}{12})^{-12\times30})}{(\frac{0.045}{12})}]$

or

The maximum amount of loan = $787,471.02

8 0

3 years ago

Why should employees review their hiring process

saveliy_v [14]

Answer: Because that gives them an idea if the company is taking into account the necessary aspects of hiring someone.

Explanation:

Hiring is an important part of the process of any company, the employer wants to be sure that is taking the right candidate but this process needs to be done in the best way possible. When employees review their hiring process they can see if they had a good or not so good hiring process, this means if during the process they felt comfortable and if the employer took into account the right aspects of what the company is looking for.

The hiring process needs to be fair and that is something the employees should felt. They also need to evaluate if they had the right abilities to do the job and if that was taking into account.

6 0

3 years ago

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i

PtichkaEL [24]

Answer:

$197,000

Explanation:

Given that,

Retained earnings balance at the beginning of the year = $151,000

Cash dividends declared for the year = $46,000

Net income for the year = $92,000

Ending balance for retained earnings:

= Opening balance + Profit earned during the year - Cash dividends declared for the year

= $151,000 + $92,000 - $46,000

= $197,000

4 0

3 years ago

Fred is thinking of starting a bowling alley near a college campus. Fred is an expected utility maximizer with utility function:

vlada-n [284]

Answer:

$14,250

Explanation:

To determine what amount of money will make Fred take his chances and invest in this new business, we first have to solve this equation:

current wealth - (% chance of losing money x wealth after losing money)

$12,000 - (20% x $3,000) = $12,000 - $600 = $11,400

Then:

$11,400 / 80% of getting wealthier = $14,250

5 0

3 years ago

Micro environment essay​

Micro environment essay