When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the letters in the SMART acronym, but for the purposes of this problem, SMART means that effective goals are:
1. Specific. A good goal defines exactly what you expect to accomplish. When your goals are specific, the behaviors required to accomplish them are clear. Many people say that they want to recycle to save the environment, but a better goal would be "Place every used bottle or can in a recycling container within five minutes of finishing its contents."
2. Measurable. You can measure the outcomes of a good goal. When you measure how much of a goal you have attained, you get feedback on your work. For example, compare the goal "I want to be skinny" with "I want to lose 10 pounds by the end of the month." How can you measure skinny? But by measuring the pounds you have lost so far, you know exactly how close you are to meeting your goal.
3. Attainable. Good goals are hard to reach, but not impossible. If a goal is too easy, you will not have to work hard to attain it, and your overall performance will not improve. If a goal is too hard, you will be discouraged from attempting to reach it. One way of making sure that goals are attainable is to break larger, difficult goals into smaller, more easily accomplished subgoals.
4. Result-oriented. A good goal contains only one outcome or accomplishment. If you combine two or more outcomes in one goal, it will be difficult to decide where to focus your attention. For example, "To increase produce sales by 3% and to achieve a 5% market share" is a less effective goal than "To increase produce sales by 3%."
5. Time-bound. Good goals specify precisely when you will meet them. Doing so provides you with a deadline for your actions. For example, it is easy to say "I want to be a millionaire." but you are more likely to accomplish that goal if you say "I will have a million dollars in a bank account by January 1, 2020."
Using your knowledge of SMART goals, select the best goal. After the new product is released, I will hire some new salespeople.
a. I will hire three new salespeople prior to our next product release.
b. I will hire three new salespeople soon.
c. I will hire some salespeople to help with the new product release.
Answers
Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
Related Questions
A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These assets were held for three years at a straight-line depreciation rate of 20%. The depreciation charge for the year was $150,000. If the closing balance for the total non-current assets (at net book value) at the end of the year was $975,000, what value of new assets were purchased during the year?
Answers
Answer:
343,000
Explanation:
The value of new assets purchased during the year is $ 400,000 which includes closing balance of non-current assets, depreciation, and cost of assets disposed minus the opening balance of assets.
What is an Asset?A resource with the economic worth that an individual, company, or country possesses or controls with the hope of future gain is referred to as an asset.
In the given case, we need to calculate the value of assets purchased during the year:
\(\rm\,Value\,of\,new\,assets\,purchased\,during\,the\,year = Closing\,balance\,of\,Non\,Current\,assets\,+ \\\,Depreciation\,+ \,Cost\,of\,the\,goods\,sold\,- Beginning\,balance\,of\,Non\,Current\,assets\,\\\\= \$\,975,000\,+\,\$150,000\,+\,\$95,000\,-\,\$820,000\\\\=\$400,000\)
Hence, the value of new assets that were purchased during the year is
$ 400,000.
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Which economic system allows for private ownership of property and resources?
Question 1 options:
Free Market
Command
Traditional
Restrictive
Answers
The economic system that allows for private ownership of property and resources is the Free Market system.
What is difference between free market system and traditional system ?
"Free market", "traditional", and "restrictive" are three different terms that describe different economic systems or policies.
A free market system is an economic system in which the prices of goods and services are determined by supply and demand without significant government intervention. In a free market, individuals and businesses have the freedom to own and control property, resources, and means of production, and are free to produce, sell, and consume goods and services as they see fit.
A traditional economic system is an economic system that relies on customs, traditions, and beliefs to allocate resources and determine economic activity. In a traditional economy, production and distribution of goods and services is based on inherited customs and traditions, with little room for innovation or change.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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What is compounding? What would the future of $500 be after 5 years at 10% compound interest rate?
Answers
Compounding is the interaction where the worth of a speculation increments on the grounds that the income on a venture, both capital gains and premium, acquire interest over the long haul.
Elaborating:The formula of compound interest rate is,
A=P(1+r/n)nt
Putting all values of P,r,n,t we get,
A=500(1+.10/1)5=500 ×1.61 = 805.255= 805.26
So, the future value is $805.26
What is the significance of compound interest?Your wealth grows at a faster rate thanks to compound interest. Because you will earn returns on the money you invest and on returns at the end of each compounding period, it grows a sum of money faster than simple interest.
What is compounding and its job?When reinvested interest is used, compounding is a method for determining the total interest on the principal. It leads to an exponential increase in assets or capital for investors. Similarly, debtors face a significant burden when compound interest is applied to liabilities like debt.
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In which of the following choices are both the stock and options positions on the same side of the market?
I. Long call/short stock
II. short call/ long stock
III. long put/short stock
IV. short put/short stock
Answers
The stock and option positions reside on the same market's opposite side in the following options: Long call/short stock & Long put/short stock.
What exactly is a market, then?The market is the total quantity of customers and sellers in the area or region underneath consideration. The sector might be a country, a state, a city, or the entire planet. The patterns of the supply and demand upon that market influence the cost pricing, and costs of trade in products.
What is required by the market?The practical demands, desires, and goals of a target audience are referred to as market needs. A company could see a void in the needs of the market and create a product to meet it. If such a community does indeed have a lot of requirements, the firm may generate a sizable profit.
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what is large office
Answers
Answer:
Large office is big organisations with many clerical workers.
I hope it will help you ((:
Explain the merits, and why we would expect to see a correlation between GDP and financial well-being.
Answers
We would expect to see a correlation between GDP and financial well-being because Economic Growth, Income Generation, Consumer Spending, Investment Opportunities and Social Welfare Programs.
The correlation between GDP (Gross Domestic Product) and financial well-being can be attributed to several merits and factors. Here's an explanation of why we would expect to see a correlation between GDP and financial well-being:
Economic Growth: GDP is a measure of a country's economic output or production. When the GDP of a country is growing, it indicates a healthy and expanding economy. Income Generation: GDP growth is typically associated with increased income generation across various sectors of the economy. As businesses expand and create more job opportunities, individuals have a higher chance of finding employment and earning income. Consumer Spending: GDP growth often corresponds to increased consumer spending. When the economy is performing well, people tend to have more disposable income, which they can use to purchase goods and services. Increased consumer spending contributes to business revenue, job creation, and overall economic activity.Investment Opportunities: A growing GDP attracts domestic and foreign investments. When the economy is expanding, businesses and investors see opportunities for profitability and growth. Increased investment leads to the creation of new businesses, expansion of existing ones, and the development of infrastructure. Social Welfare Programs: Higher GDP often provides governments with more resources to invest in social welfare programs. These programs include healthcare, education, social security, and poverty alleviation initiatives.For such more question on Economic:
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How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Answers
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:_______
Answers
Answer:
The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:
- usually from a consolidated statements, transactions with outside parties are only reflected.
- usually from a consolidated perspective, there is neither a sale nor a purchase has occurred.
Which task is most suitable for creating an algorithm?
saving time writing a report
explaining how to set up a mobile phone for use
choosing photos to put on a website
finding the best of three suggested routes to drive to a concert
Answers
Answer:
finding the best of three suggested routes to drive to a concert
Answer:
D. finding the best of three suggested routes to drive to a concert
Explanation:
thank the other person :)
Five years ago, Logocom made a $5 million investment in a new high-temperature material. The product was not well accepted after the first year on the market. However, when it was reintroduced 4 years later, it did sell well during the year. Major research funding to broaden the applications has cost $15 million in year 5. Determine the rate of return for these net cash flows (in $1,000 units).
Answers
Which of the following is the best example of an ethical statement?
Answers
Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
Answers
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
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What effect do consumer expectations have on the demand for a good?
A. They increase demand for products that have complementary
goods.
B. They reduce demand for products with a consistent equilibrium
price.
C. They increase demand for products in markets with a small
number of consumers.
D. They reduce demand for products expected to become cheaper in
the future.
Answers
Answer:
Option D is correct
Explanation:
If a buyer expects that the price of a good will decrease in the future, they stop or decrease the purchasing of that good today. A a result, the demand for that good today decreases. On the other hand, if a buyer expects that the price of the good will increase in the future, the demand for the good increases.
Option D. is correct.
Answer:
D. They reduce demand for products expected to become cheaper in
the future.
Explanation:
Which of the following statements is TRUE?
A. Stock exchanges are always physical places for trading.
B. A stock exchange is a place where investors can buy and
sell different investments.
C. All investment trading is done exclusively on the New
York Stock Exchange.
D. All of the above
Answers
Answer:
B. A stock exchange is a place where investors can buy and
Explanation:
A stock exchange market is a place where shares and other market securities are traded. The market is divided into the primary and secondary markets. The primary market facilitates the issuance of new shares in the market, while the secondary market refers to the trading of already issued shares.
The stock exchange market allows investors to buys and sell shares, bonds, treasury bills, and other securities. Trading is done through brokers. A majority of the transactions, if not all, are done through an electronic platform.
"Gold is preferred to cigarettes when used as money.” Give TWO reasons to explain this
argument.
Answers
Explanation:
the answer is in the image above
Which of these loan options is strongly recommended for first-time buyers? Choose all that apply. Adjustable-rate Contract for deed Balloon Fixed-rate Interest-only
Answers
Answer:
Fixed-rate
Explanation:
Fixed-rate loans and mortages are those that have a specific interest rate, and a specific payment that will not ever change over the duration of the loan because both are fixed. In other words, a fixed-rate loan is simply a annuity payment over a particular period of time.
For first-time buyers this is the easiest option because it is simple, it can be easily projected over time, and helps with financial planning.
why do you think p2p apps have become so popular?
Answers
P2P payment apps are popular in the U.S. because they make the exchange of money easy. Nearly half (46%) of smartphone owners say they regularly use peer-to-peer payment apps. These apps offer convenience and flexibility when it comes to making payments.
Great Lakes Clinic has been asked to provide exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want to conduct a financial analysis of the project. There will be an up-front cost of $160,000 to get the clinic in operation. Then, a net cash inflow of $1 million is expected from operations in each of the two years of the exposition. However, the clinic has to pay the organizers of the exposition a fee for the marketing value of the opportunity. This fee, which must be paid at the end of the second year, is $2 million. a. What are the cash flows associated with the project
Answers
The cash flow that is associated with this project are:
-$160000$1000000-$1000000What is a cash flow?This term is used to refer to the net cash that is moved in or out of a business at a particular time.
Cash flow for year 0
The initial cash flow = -$160000
cash flow = -$160000
Cash flow for year 1
This is the net cash flow = $1000000
Cash flow in the second year
Net cash flow minus organiners fee
= 1000000- 2000000
= -$1000000
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the necessity of marketing and advertising for any business
Answers
Answer:
Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it
Explanation:
Many students take out private loans for some or all college tuition costs. If you take out a loan for $25,000, and the interest rate on that loan is 4.5% over 360 months, what would the total interest on the loan end up being? Explain how you came to this conclusion.
Answers
Answer:
1,625 interes
Explanation:
4.5% x 360 = 1,620
what is the value of a 1000 dollar investment that loses 5% each year
Answers
Answer:
$663.42
Explanation:
1000(0.95)^8
= $663.42
In this example, which type of liability can be seen in the business’s balance sheet?
Jane runs a small manufacturing business. She obtained a short-term loan to finance her business a few months ago. She now needs to pay off this debt in less than a year. The loan amount will thus be seen as a _____ in her business’s balance sheet.
Answers
The loan amount will thus be seen as a short-term or current liability in her business’s balance sheet.
What is short-term liability?Current liabilities, often known as short-term debt, refer to a company's debts that are due to be repaid within a year. In the section of a company's balance sheet devoted to total liabilities called "current liabilities," it is listed.
Long-term liabilities are due after one year or more, whereas short-term obligations are due immediately. Liabilities that are contingent on a specific occurrence and have not yet happened are known as contingent liabilities.
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A _____, identified by Michael Porter, helps organizations make their products and services distinct from their competitors.
Answers
Answer:
differentiation strategy
Explanation:
Differentiation of goods is the process by which a producer makes his goods different from that of competitors in a bid to attract customers and increase sales.
For example, a firm in the beauty industry can differentiate itself from other firms in the industry by claiming to make it products using only organic ingredients. This would attract customers because it would indicate that the company's product is more healthy
The collision repair industry does what volume of business per year? A. $1 million B. $10 Million C. $1 Billion D. $10 Billion
Answers
Answer: D. $10 Billion
Explanation:
The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.
With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.
Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances
Answers
Unfavorable price variance = 2,673
Unfavorable quantity variance = 1,452
Favorable total materials variance = 2,673
You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
Answers
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
Walt performs the steps below while saving Excel file “My Data.”
Click File → Click Save As → Choose Text (Tab delimited) → Click Save
What is Walt most likely trying to do with the Excel file?
A export data from the Excel file to a Notepad file
B export data from a Notepad file to the Excel file
C import data from the Excel file to an XML data file
D import data from an XML data file to the Excel file
Answers
Answer:
A. export data from the Excel file to a Notepad file
Explanation:
Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Answers
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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