The amount of the loan is $4832.25 as per the information provided about loan.
Given that Lee took out a loan from the bank today for x and she plans to repay this loan by making payments of $670.00 per month for a certain amount of time, the interest rate on the loan is 0.76 percent per month, she makes her first $670.00 payment later today, and she makes her final monthly payment of $670.00 in 7 months, then we need to find x, the amount of the loan.
So, we can start solving for the amount of the loan as follows;
Let's take P be the amount of the loan. Since the interest rate is 0.76% per month, the monthly interest rate is given by
;r = 0.76/100/12
r = 0.0006333
We have to find the value of P.
Let's use the formula for the Present Value of an annuity;
P = (R / r) [1 - (1 + r)^-n]
Where R is the monthly payment, r is the monthly interest rate, and n is the total number of payments.
The monthly payment is $670The total number of payments is 7.
P = (670 / 0.0006333) [1 - (1 + 0.0006333)^-7]
P = $4832.25
The amount of the loan is $4832.25.
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Niat ny mau bikin dua akun tapi malah kesasar :(
Answer:
I'm lost and I don't understand your language
One challenge presented by the volume of big data is that _____.
it reduces the accuracy of analyses and the ability to improve matters through decisions
corporations have reacted by taking too many precautions to protect customers' security
there are few rules, regulations, or standards to guide U.S. IS organizations
business users can have a hard time finding the information they need to make decisions
The correct option is A ; it reduces the accuracy of analyses and the ability to improve matters through decisions.
This data must be examined in order to improve decision making. Nonetheless, there are several Big Data problems that businesses face. They include data quality, storage, a paucity of data science personnel, data validation, and data aggregation from many sources. Volume. The first of the five V's of big data is volume, which refers to the quantity of data that exists. Volume is the foundation of big data since it is the initial quantity and amount of data collected. When the volume of data is vast enough, it is referred to as big data.
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B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
what is the importance of identifying target markets?
Answer:
Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential
Anybody else have a baby class in their school?
Answer:
no my school is boring hehehhe
what are your thoughts on this goal-setting strategy
I believe that the SMART goal-setting technique is a powerful tool for anyone who wishes to achieve success in life. It allows individuals to be clear about their goals, keep themselves motivated, and remain focused on their objectives. By setting SMART goals, individuals can increase their productivity, enhance their performance, and ultimately lead a more fulfilled life.
Goal-setting is an important strategy to achieve success in life. The approach of SMART goals has been around for a long time now, and many individuals have found success through it. SMART stands for Specific, Measurable, Attainable, Relevant, and Time-bound. I believe that the SMART goal-setting technique is a great way to keep ourselves on track towards achieving what we desire in life.
Specific goals are important as they provide clarity of what we wish to achieve. Measurable goals allow us to quantify our success and ensure that we stay motivated and on track. Attainable goals ensure that we set goals that are realistic and achievable. Relevant goals help us in setting goals that align with our overall vision and mission in life. Lastly, Time-bound goals help us to work within a deadline and give us a sense of urgency to achieve our goals.
By setting SMART goals, we can prioritize our tasks and ensure that we are on the right path to achieve our dreams. SMART goals can be used in personal and professional settings and can help individuals and organizations to reach their full potential.
In conclusion, I believe that the SMART goal-setting technique is a powerful tool for anyone who wishes to achieve success in life. It allows individuals to be clear about their goals, keep themselves motivated, and remain focused on their objectives. By setting SMART goals, individuals can increase their productivity, enhance their performance, and ultimately lead a more fulfilled life.
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The following shows a history of users with attributes "CS Major" (i.e., majored in computer science), "Age", and "Income". We also indicate whether they will buy Bitcoin or not in the last column.
No. CS Major Age Income BuyBitcoin
1 yes old fair yes
2 yes middle fair yes
3 no young fair yes
4 no young high yes
5 yes old low no
6 yes young low no
7 no young fair no
8 no middle low no
We want to train a C4.5 decision tree classifier to predict whether a new user will buy Bitcoin or not. We define the value of attribute "BuyBitcoin" to be the label of a record.
a. Please construct a C4.5 decision tree according to the above example. In the decision tree, whenever (1) a node contains at least 80% records with the same label, or (2) a node contains at most 2 records, we stop further processing this node for splitting. Note that you should show the calculation of every attribute’s impurity gain at each step of the tree construction.
b. Consider a new young user studying CS whose income is fair. Please predict whether this new user will buy Bitcoin or not using the decision tree you trained.
To construct a C4.5 decision tree based on the given dataset and stopping conditions, follow these steps:
1. Calculate the impurity gain for each attribute (CS Major, Age, Income) using the Gini index or entropy.
2. Select the attribute with the highest gain as the root node.
3. Split the dataset based on the selected attribute's values.
4. Repeat steps 1-3 recursively for each child node until the stopping conditions are met.
Using this method, the C4.5 decision tree is constructed as:
Root node: CS Major
- yes: Income
- fair: Buy Bitcoin (yes)
- low: Buy Bitcoin (no)
- no: Buy Bitcoin (yes)
For a young CS Major user with fair income, the decision tree predicts they will buy Bitcoin.
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1. Which of the following is NOT one of "the four Ps" for a conventional marketing
mix?
A. Place
B. Product
C. Percentage
D. Promotion
Answer:
I think it would be A. Place
When a homeowner takes out a home equity line of credit (HELOC), that loan can only
be used for home repairs and renovations.
True or False
Answer: False
This line of credit provides cash to the homeowner in which they can do whatever they want with it.
Steve decides not to rent out his second home since he is not allowed to set the rate above $1000 per month even though he knows he could find renters willing to pay much more. price floor license black market price ceilingquota
In this scenario, the $1000 per month rate is a price ceiling imposed by some regulatory authority or government body. So, the correct option is price ceiling.
Steve cannot charge more than this set price, even though he could find renters willing to pay much more. If he were to set a rate above this price ceiling, he would be breaking the law and could face penalties or lose his license.
This type of regulation often leads to black markets, where people are willing to pay higher prices for a good or service that is restricted by a price ceiling or quota.
However, in this case, Steve decides not to rent out his second home because the price ceiling is too low for him to make a profit. This situation highlights the impact of price floors and ceilings on the market, and how they can limit or distort supply and demand.
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A restaurant customer complains to the waiter person that their meal has arrived at the table cold. After apologizing to the customer, the waiter person should:
a) remove the meal and reorder immediately
b) reheat the meal immediately
c) tell the customer that other staff are to blame
d) leave the meal on the table and reorder as soon as possible
Answer:a
Explanation:
A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
the manager of an equity fund wishes to hedge the fund's portfolio against a possible market decline. of the strategies listed, to provide the best pr
Using put options can be an effective strategy for hedging an equity fund's portfolio against a possible market decline.
The manager of an equity fund can use various strategies to hedge the fund's portfolio against a possible market decline. One of the most effective strategies is to use put options. A put option gives the holder the right, but not the obligation, to sell a specific amount of an underlying asset (in this case, the equities in the portfolio) at a predetermined price (known as the strike price) within a specified time period.
By purchasing put options on the equities in the portfolio, the fund manager can limit potential losses in the event of a market decline. If the market falls, the value of the equities in the portfolio will decrease, but the put options will increase in value. This increase in value will offset the decline in the portfolio, providing a form of insurance.
It's important for the fund manager to carefully select the strike price and expiration date of the put options based on their risk tolerance and market expectations. Additionally, the cost of purchasing the put options should be considered, as it will impact the overall performance of the portfolio.
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The manager of an equity fund is looking to hedge the fund's portfolio against a possible market decline. Hedging is a strategy used to reduce the risk of losses by taking an offsetting position in another asset or derivative. There are a few strategies the manager could consider:
1. Options: The manager could use options to protect the fund's portfolio. By purchasing put options on individual stocks or indices, the manager has the right to sell those securities at a predetermined price, known as the strike price, during a specific time frame. If the market declines, the put options can be exercised, allowing the manager to sell the securities at a higher price and offsetting potential losses.
2. Short Selling: Another strategy the manager could consider is short selling. This involves borrowing shares of a stock from a broker and selling them on the market with the expectation that the price will fall. If the market declines as expected, the manager can buy back the shares at a lower price, return them to the broker, and pocket the difference as profit. This strategy allows the manager to profit from a market decline, thereby offsetting potential losses in the portfolio.
3. Index Futures: The manager could also use index futures to hedge the fund's portfolio. By selling index futures contracts, the manager can lock in a specific price for the future sale of a basket of stocks that mirrors the composition of the fund's portfolio. If the market declines, the value of the futures contracts will increase, providing a hedge against losses in the portfolio.
In conclusion, the manager of an equity fund can hedge the fund's portfolio against a possible market decline by using strategies such as options, short selling, and index futures. These strategies can help protect the fund from potential losses and provide a level of insurance in case of a market downturn.
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The table at the right shows the demand and supply schedules for the labor market in the city of Pixley. What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*)? a) W* = $9.50: Q* = 570, 000. b) W* = $11.50: Q* = 570, 000. c) W* = $10.50: Q* = 590, 000. d) W* = $10.50: Q* = 1, 180, 000.
None of the provided options (a) W* = $9.50: Q* = 570,000, b) W* = $11.50: Q* = 570,000, c) W* = $10.50: Q* = 590,000, d) W* = $10.50: Q* = 1,180,000) can be confirmed as the correct answer without the corresponding data from the demand and supply schedules.
To determine the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*) in the labor market, we need to identify the point where the demand and supply schedules intersect.
Since the table mentioned is not provided, it is not possible to calculate the exact equilibrium values. The equilibrium wage and quantity of labor will depend on the specific values in the demand and supply schedules, which are missing in this context.
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How to calculate momentum?
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
If you rank the following securities from most risky to least risky, the correct ranking
is
a) junk bonds, debenture bond, mortgage bond, treasury bond, treasury note
b) treasury note, treasury bond, mortgage bond, debenture bond, junk bond
c) debenture bond, mortgage bond, junk bond, treasury note, treasury bond
d) mortgage bond, junk bond, debenture bond, treasury note, treasury bond
e) junk bonds, debenture bond, treasury bond, mortgage bond, treasury note
The correct ranking of the securities from most risky to least risky is: c) debenture bond, mortgage bond, junk bond, treasury note, treasury bond
When ranking securities by risk, the general rule is that higher-risk securities offer higher potential returns but also come with higher levels of risk. In the given options, debenture bonds are typically considered riskier than mortgage bonds, junk bonds carry even higher risk, and treasury notes and treasury bonds are considered less risky. Therefore, the correct ranking is debenture bond, mortgage bond, junk bond, treasury note, treasury bond.
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In the Promotion Budget Resource, teams can select which of the following media areas.
A. Print Media and Television.
B. Email and Telephone Contact.
C. Trade and Road Shows.
D. Web Media and Direct Mail.
In the Promotion Budget Resource, teams can select from four different media areas to allocate their promotional budget: Print Media and Television, Email and Telephone Contact, Trade and Road Shows, and Web Media and Direct Mail.
Promotion is an essential component of marketing that involves communicating information about a product or service to potential customers. To do so, companies allocate a budget to promote their products or services. The Promotion Budget Resource offers teams a selection of four media areas to allocate their promotional budget: Print Media and Television, Email and Telephone Contact, Trade and Road Shows, and Web Media and Direct Mail.
Print Media and Television involve traditional media platforms such as newspapers, magazines, and television ads. Email and Telephone Contact includes targeted email campaigns and telemarketing. Trade and Road Shows are face-to-face promotional events where companies can showcase their products to potential customers. Finally, Web Media and Direct Mail includes digital marketing efforts such as online ads, social media, and direct mail campaigns.
By offering these different media areas, the Promotion Budget Resource allows teams to choose the most effective channels to reach their target audience and allocate their promotional budget accordingly. Depending on the product or service, some media areas may be more effective than others, and it's essential to choose the most suitable options to ensure the success of the promotion.
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Which of these features of warrants makes them different from call options? a There is a finite time period during which warrants have to be exercised.
b The price at which a warrant trades can fluctuate. c A warrant gives the right to the holder to buy a share at a fixed price. d Warrants involve issue of fresh equity.
The feature that makes warrants different from call options is that warrants involve the issue of fresh equity. (D)
This means that when a warrant is exercised, new shares are created and sold to the warrant holder. Call options, on the other hand, do not involve the creation of new shares and are instead traded on existing shares.
Additionally, warrants have a finite time period during which they must be exercised and the price at which a warrant trades can fluctuate.
These factors can make warrants more complex and risky than call options, but they also offer potential for greater returns. Ultimately, the choice between warrants and call options depends on an investor's risk tolerance and investment goals.(D)
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If a state tax on interstate commerce discriminates against a natural person who is a nonresident, which of the following Clauses is least likely to be relevant in determining whether the tax is valid?
A. The Privileges and Immunities Clause of Article IV
B. The Equal Protection Clause
C. The Privileges or Immunities Clause of the Fourteenth Amendment
D. The Commerce Clause
D. The Commerce Clause. The Commerce Clause is the least likely to be relevant in determining the validity of a state tax on interstate commerce that discriminates against a nonresident natural person.
The Commerce Clause, found in Article I, Section 8 of the United States Constitution, grants Congress the power to regulate commerce among the states. It primarily focuses on limiting state restrictions on interstate trade, rather than addressing discrimination against individual nonresidents.
The other clauses mentioned have greater relevance in this context.
The Privileges and Immunities Clause of Article IV prohibits a state from discriminating against citizens of other states in favor of its own citizens in areas such as civil rights and economic activities.
The Equal Protection Clause, found in the Fourteenth Amendment, mandates that no state shall deny any person within its jurisdiction equal protection of the laws, ensuring that individuals are treated fairly and without discrimination.
The Privileges or Immunities Clause of the Fourteenth Amendment protects certain fundamental rights of citizens against infringement by the states.
These clauses provide more direct protections for nonresident individuals who may be subject to discriminatory state taxes on interstate commerce.
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Brody invested $220 in an account paying an interest rate of 3. 6% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 17 years?.
After 17 years, there would be approximately $481 in Brody's account. This calculation takes into account his initial investment of $220, the interest rate of 3.6% compounded annually, and the compounding effect over the 17-year period.
To calculate the final amount in Brody's account after 17 years, we can use the formula for compound interest:
Final amount = Initial investment * (1 + Interest rate/100)^Number of years
Substituting the given values into the formula, we have:
Final amount = $220 * (1 + 3.6/100)^17
Evaluating this expression, we find that the final amount in Brody's account after 17 years is approximately $481.
It's important to note that compound interest takes into account the compounding effect over time, allowing the investment to grow at an increasing rate. Therefore, the investment of $220 would have grown to approximately $481 after 17 years with a 3.6% annual interest rate compounded annually.
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the german brewery bakery purchased bread ovens from new morning bakery. new morning bakery was closing its bakery business and sold its two-year-old ovens at a discount for $692,000. the german brewery incurred and paid freight costs of $31,000, and its employees ran special electrical connections to the ovens at a cost of $4,200. labor costs were $33,800. unfortunately, one of the ovens was damaged during installation, and repairs cost $4,200. the german brewery then consumed $820 of bread dough in testing the ovens. it installed safety guards on the ovens at a cost of $1,420 and placed the machines in operation.
Amounts not included in the Equipment account should be recorded: The amount of $810 for the bread dough used in testing the ovens should be recorded as an expense in the Testing Expenses account
The amount at which the ovens should be recorded in Great Harvest’s Equipment account is:
Purchase price of ovens = $689,000
Freight costs = $29,500
Special electrical connections = $3,900
Labor costs = $32,300
Repair costs = $3,900
Safety guards = $1,410
Total equipment = $760,410
The amount of $810 for the bread dough used in testing the ovens should be recorded as an expense in the Testing Expenses account. The cost of the safety guards and special electrical connections should be included in the Equipment account, as they were necessary costs incurred to get the ovens ready for operation.
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Complete question:
Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $689,000. Great Harvest incurred and paid freight costs of $29,500, and its employees ran special electrical connections to the ovens at a cost of $3,900. Labor costs were $32,300. Unfortunately, one of the ovens was damaged during installation, and repairs cost $3,900. Great Harvest then consumed $810 of bread dough in testing the ovens. It installed safety guards on the ovens at a cost of $1,410 and placed the machines in operation.
Required:
1. Complete the following schedule to show the amount at which the ovens should be recorded in Great Harvest’s Equipment account.
_____________ ___
_____________ ___
Total equipment
2. Indicate where any amounts not included in the Equipment account should be recorded.
Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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Imagine you are an entrepreneur in a market economy. You want to connect with potential customers who would benefit from your unique product. What is an example of a unique product in a market economy? What is the role of voluntary exchange, economic utility, and specialization in the transactions you hope to establish to sell this product? Explain each concept and its role.
The role of voluntary exchange in the transaction is that its facilitate freely trading of goods or services
The role of economic utility in the transaction is that the consumer's satisfaction from using a product will drive further sales.
How do we explain Market Economy & Voluntary Exchange?Basically, a market economy refers to an economy based on capitalism, that is, an economy whereby the goods and services are freely exchanged on an open market. The value of the outputs is mostly determined solely by market interaction between producers and consumers by a concept known as voluntary exchange. That leads us to the fact that the key principles of a market economy is the principle of voluntary exchange.
In economics, the Voluntary Exchange Principle is based on the consumers and producers acting in their self-interest, that is, the voluntary exchange between a consumer and a producer makes both parties better off than they were before the exchange.
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what is the first step in the comprehensive strategic-management model
The first step in the comprehensive strategic management model is typically conducting a thorough analysis of the organization's internal and external environment.
This initial step involves evaluating the organization's strengths, weaknesses, opportunities, and threats (SWOT analysis), assessing its competitive position, and understanding the broader industry and market dynamics. By conducting a detailed analysis, decision-makers gain insights into the internal resources, capabilities, and limitations of the organization, as well as the external factors that may impact its performance. This information serves as the foundation for formulating effective strategies and making informed decisions. Understanding the organization's current state and the external landscape is crucial for setting objectives, identifying strategic options, and aligning the strategic management process with the organization's vision and goals.
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Please explain to me what interest rate is please im super confused :)
Answer: An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Interest rates affect the cost of loans. ... The Federal Reserve manages interest rates to achieve ideal economic growth.
Explanation:
which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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Describe the process of myelination and how it impacts information processing in childhood.
Answer:
Myelination occurs when children develop a myelin sheath, or a sheath of fatty tissue made of glial cells, around the axon of a neuron. Information processing, or the ability to process information, speeds up as a result of this process. In other words, children are able to think more quickly, which allows them to process information in complex ways as myelination occurs.
Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 6.8 percent thereafter. If the required return is 15 percent and the company just paid a dividend of $3.15, what is the current share price
The current share price of Burton Corp. is $89.05.
To calculate the current share price of Burton Corp., we can use the dividend discount model (DDM) formula. The DDM formula calculates the present value of all future dividends.
First, we need to determine the future dividends for the next three years. The question states that dividends are expected to grow at a rate of 29 percent for the next three years. To calculate the dividends for each year, we can use the formula:
Dividend = Previous year's dividend * (1 + growth rate)
Using the given information, we can calculate the dividends for the next three years as follows:
Year 1 dividend = $3.15 * (1 + 0.29) = $4.07
Year 2 dividend = $4.07 * (1 + 0.29) = $5.26
Year 3 dividend = $5.26 * (1 + 0.29) = $6.78
Next, we need to calculate the present value of these dividends. The formula for the present value of a dividend is:
Present value of dividend = \(Dividend / (1 + required return) ^ {number of years}\)
Using the given required return of 15 percent, we can calculate the present value of each dividend as follows:
Present value of Year 1 dividend = $4.07 / \((1 + 0.15) ^ 1\) = $3.54
Present value of Year 2 dividend = $5.26 / \((1 + 0.15) ^ 2\) = $3.97
Present value of Year 3 dividend = $6.78 / \((1 + 0.15) ^ 3\) = $4.04
Finally, we need to calculate the present value of the constant growth dividends. The formula for the present value of a constant growth dividend is:
Present value of constant growth dividend = Dividend / (required return - growth rate)
Using the given constant growth rate of 6.8 percent and the required return of 15 percent, we can calculate the present value of the constant growth dividend as follows:
Present value of constant growth dividend = $6.78 / (0.15 - 0.068) = $77.50
Now, we can calculate the current share price by summing up the present values of all the dividends:
Current share price = Present value of Year 1 dividend + Present value of Year 2 dividend + Present value of Year 3 dividend + Present value of constant growth dividend
Current share price = $3.54 + $3.97 + $4.04 + $77.50 = $89.05
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what is referred to a process that involves developed action plan that leads to achieving specific goals
Answer:
The appropriate approach is "Developing strategic plan ".
Explanation:
Knowing what it does and reevaluating it to ensure that it is the leading northern star for certain activities seems to be the secret to creating a successful strategic planning strategy. This strategy includes defining the intent, strategies, and procedures of an organization which would be used to achieve those objectives. As such, this strategy seems to be an important aspect of the operation of an organization, even though it is necessary to undertake the process of designing the schedule with serious thought and thoroughness.Goal setting is the process which involves developed action plan.
Let understand that "Goal setting "involves drawing an action plan in order to motivate and guide a person or group toward a goal.
Setting a deadline for a goal create a schedule to achieve the particular goal.
Some benefit of goal setting in an organisation includes:
Goals provides Motivation because energy are directed for accomplishment of the task.Its provides a dedicated direction for the company.Goal setting result to sense of personal satisfaction.Its bring forth clear focus on what is important.Its brings Clarity in Decision Making in a company.New goals become part of an organisation purpose of existence.Learn more about Goal setting here
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Wildhorse Co. shows the following balances in selected accounts of its adjusted trial balance. Supplies $25,600 Supplies Expense 4,800 Accounts Receivable 9,600 Dividends 17,600 Retained Earnings 56,000 Service Revenue 86,400 Salaries and Wages Expense 32,000 Utilities Expense 6,400 Rent Expense 14,400
Wildhorse Co. had a net income of $27,200 ($86,400 - $32,000 - $6,400 - $14,400) and paid $17,600 in dividends, resulting in an increase of $9,600 in retained earnings.
Based on the given information, Wildhorse Co. reported service revenue of $86,400. Deducting the expenses, such as salaries and wages ($32,000), utilities ($6,400), and rent ($14,400), their net income is calculated as $27,200 ($86,400 - $32,000 - $6,400 - $14,400). The company also paid dividends amounting to $17,600. To determine the change in retained earnings, we subtract the dividends from the net income. Therefore, Wildhorse Co. experienced an increase of $9,600 in retained earnings ($27,200 - $17,600). Retained earnings represent the portion of net income that is retained by the company instead of being distributed to shareholders as dividends.
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