will standard costing disappear, or is there still a role for it in the new manufacturing environment? if so, what is the role?

Answers

Answer 1

Standard costing is a well-established cost accounting method that has been used in manufacturing for many years. It involves setting standard costs for materials, labor, and overhead, and then comparing these standards to actual costs to identify variances.

While there has been some criticism of standard costing in recent years, it is unlikely to disappear entirely. There is still a role for standard costing in the new manufacturing environment, although this role may have changed somewhat.

One area where standard costing is still relevant is in costing for internal management purposes. Even in today's highly automated and technologically advanced manufacturing environments, standard costing can provide a useful benchmark for evaluating performance and identifying areas for improvement.

Another area where standard costing may still be useful is in industries where there is a high degree of variability in product or process complexity. In these situations, standard costing can help manufacturers to set realistic expectations for cost and profitability, and to identify areas where costs may be out of control.

However, it's worth noting that in many cases, traditional standard costing may need to be adapted or supplemented with other costing methods to be effective. For example, activity-based costing (ABC) or lean accounting methods may be more appropriate for certain types of manufacturing processes.

In conclusion, while standard costing may not be the most cutting-edge cost accounting method available, it still has a role to play in the new manufacturing environment. By using standard costing as a starting point and supplementing it with other methods as needed, manufacturers can gain valuable insights into their costs and performance, and identify opportunities for improvement.


Related Questions

Which dot plot shows three TV's in two houses? A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 and 1 dot, 1 has 2 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 0 dots, 1 has 3 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 4 dots, 3 has 3 dots, and 4 has 1 dot.

Answers

Answer:

The answer is "The first choice".

Explanation:

Please find the graph file of the given question:

In the given question the first choice is correct because in the graph it has 3 dots, which denotes the (tv's) in 2 that is equal to the two houses.

Which dot plot shows three TV's in two houses? A dot plot titled How many T V's Are in Your House going

Answer:

The answer is A.)

Explanation:

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Real Estate Question

A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.

Answer Choices:
$5,000
$6,750
$750
$7,500

Answers

Answer:

Amount of the loan origination fee = $7,500

Explanation:

Given:

Purchase cost of house = $500,000

Down payment cost = $50,000

Lender charges point = 1.5 points[%]

Find:

Amount of the loan origination fee

Computation:

Amount of the loan origination fee = Purchase cost of house x Lender charges point

Amount of the loan origination fee = 500,000 x 1.5%

Amount of the loan origination fee = $7,500

Which of the following is not a crime against persons?
robbery, assault and battery, larceny, sexual assault, Other:

Answers

Other because all of those listed is a crime against someone

Companies often prefer to produce products in large volume as a cost-saving measure; however, consumers often prefer unique items. What is the process of combining these two opposing desires

Answers

The process of combining the opposing desires of companies to produce products in large volume as a cost-saving measure and consumers' preference for unique items is known as mass customization.

Mass customization involves the use of technology and flexible manufacturing systems to produce goods and services that meet the individual needs and preferences of customers while maintaining the efficiency of mass production. By offering customers the ability to customize certain aspects of a product, such as color, size, or features, companies can create a unique product for each customer while still benefiting from the cost savings of mass production.

Mass customization has become increasingly popular in many industries, including automotive, clothing, and technology, as companies seek to differentiate their products and provide greater value to their customers.

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In the context of business-to-business marketplaces, the term ________ refer to the markets that comprise of firms operating within a certain industry sector.

Answers

In the context of business-to-business marketplaces, the term vertical markets refer to the markets that comprise of firms operating within a certain industry sector.

What are vertical markets?

A vertical market is a market that consists of a number of connected businesses and clients in a single industry.

Businesses in a vertical market are sensitive to the specific requirements of that market and typically do not cater to a larger market.

Vertical marketplaces often have their own set of commercial norms as a result. They could also have substantial entrance hurdles for new businesses.

There are numerous prospects for all kinds of firms on the worldwide market.

Providers in the vertical market concentrate on particular products and services that cater to a particular customer base.

A company that operates in or seeks to enter a vertical market will typically need to have a somewhat different strategic stance than a company that operates in a horizontal market.

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What word does Freeman use when discussing his central thesis?1) Customer
2) True customer
3) Shareholder
4) Stakeholder
5) Stake owner

Answers

In addition to arranging potential partners, the stakeholder theory demonstrates two impact bearings (between partner and association).

Which two subfields of stakeholder theory exist?

The management (positive) and ethical (normative) aspects of stakeholder theory can be separated (Deegan, 2000). According to the managerial branch, managers' decisions regarding an organization's business operations will be influenced by the influence that specific stakeholders have.

How does stakeholder theory affect an organization?

According to the stakeholder theory, a company's relationships with its clients, suppliers, workers, investors, communities, and other parties with an interest in the organization are intertwined. According to the principle, a company ought to generate value not just for its owners but for all stakeholders as well.

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In parliamentary procedure, a meeting begins when the chair person says which of the following phrases?
a. We will now begin the meeting.
b. The meeting has been called.
C. The meeting will now come to order.
d. There shall be order and commencement.

Answers

Answer:

c

Explanation:

got it right on test

In parliamentary procedure, a meeting begins when the chairperson says  The meeting will now come to order. Thus option A is correct.

What is parliamentary procedure?

A parliamentary system, sometimes known as a parliamentarian system, is a method of democratic government whereby the executive branch obtains the backing of the legislative, usually a parliament, to whom it is answerable.

A really well agenda results in shorter sessions that go more smoothly. The topics that will be covered in what order should be listed on the agenda. Establish a priority list if there are multiple critical items.

Ahead-of-time preparation and the use of agendas is preferred by some boards. This was stating that there will be a commencement. Therefore, option A is the correct option.

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There commencement.

Which balance sheet line item will help explain a difference between net income on the income statement and cash from operating activities on the statement of cash flows?.

Answers

Accounts receivable will help explain a difference between net income on an income statement and cash from operating activities on the statement of cash flows.

What is an income statement?

An income statement refers to a financial document which is typically used to record the amount of money (income or revenues) that are entering into a business.

Generally, accounts receivable is a balance sheet line item which can be used by an entrepreneur or business firm to explain a difference between net income on an income statement and cash that were collected from customers (operating activities) on the statement of cash flows.

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You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim?

You see an ad for a payday lender which ends with the tagline, One payday loan is all it takes to get

Answers

You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim? No, it does not support their advertising claim.

1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points)
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
3. Current data can be used to predict future costs. Based on the budget for the last three summers, predict the amount of money that will be sponsored for each event in 2015. Write your prediction in the cell below, and explain how you arrived at your conclusion. Be sure to use currency formatting for the monetary amount. (5 points)
4. Based on the budget for the last three summers, predict the website hosting fee for August 2015. Write your prediction in cell A21, and explain how you arrived at your conclusion in cell A22. Be sure to use currency formatting for the monetary amount in cell A21. (5 points)

1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on

Answers

The formula that can be used to calculate the percentage of expenses from the budget will be (the amount spent on event × 100) / total expenses.

How to compute the formula?

From the information given, the formula that can be used to calculate the percentage of expenses will be:

= (the amount spent on event × 100) / total expenses. The month of June will be:

= (195 × 100)/297

= 65.66%

The estimated cost for July 2014 using 7% sales tax will be:

= 360 + (7% × 360)

= $385.20

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n economy has a fixed price level, no imports, and no income taxes. MPC is 0.8, and real GDP is $200 billion. Businesses increase investment by $10 billion Calculate the new level of real GDP and explain why real GDP increases by more than $10 billion. The new level of real GDP is $billion. Real GDP increases by more than $10 billion because the increase in investment O A. increases exports B. O C. O D. induces an increase in consumption expenditure increases the marginal propensity to consume enables firms to produce more output

Answers

Option (c), Real GDP rises by more than $10 billion as a result of the increase in investment, which also causes a rise in consumption.

What is the impact of increased investment on GDP?

Due to the creation and sale of physical capital, an increase in business investment directly improves the current level of gross domestic product (GDP) in the short term. Business investment, one of the GDP's most volatile components, has a history of suffering significant quarterly fluctuations.

What causes a rise in real GDP?

The real GDP is adjusted to account for increases in inflation. In the case of positive inflation, this suggests that real GDP will be lower than nominal GDP and vice versa. Without accounting for actual GDP, positive inflation significantly raises nominal GDP.

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why is current value and replacement cost not the same?​

Answers

Answer: it is important to note that their fair market value and replacement cost for a building may not be the same. The reason that they could be different is bc they are different concepts.
Hope this helps, have a great day:)

An emergency fund should NOT be used for… repairing your laptop that you use for homework. a sudden health issue that needs care. a last minute school trip. fixing a blown tire on your car that you use to get to work.

Answers

An emergency fund should NOT be used for a last minute school trip.  Option 3

What should the emergency fund  be used for?

An emergency fund is typically intended to cover unexpected and urgent expenses that could not have been anticipated or budgeted for in advance. It is important to use your emergency fund wisely and not to deplete it for non-essential expenses.

Based on that, it is generally not recommended to use your emergency fund for a last-minute school trip or repairing your laptop that you use for homework, as these expenses are not urgent or unexpected.

On the other hand, using your emergency fund to cover a sudden health issue that requires care or fixing a blown tire on your car that you use to get to work can be considered legitimate uses of the fund, as they are unforeseen and necessary expenses.

It is important to have a clear understanding of what constitutes an emergency and to use your emergency fund accordingly to ensure that it remains available to cover truly urgent and unforeseen expenses.

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Answer:

C. a last minute school trip

Explanation:

80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:​

Answers

Answer:

Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.

Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.

Answers

D. They want to be sure the applicant can collaborate and work well

with other team members.

Explanation:

Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.

What is a technical job?

Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.

Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.

However, it is important to realize not all technical skills at an individual’s disposal should be listed.

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When a pharmaceutical company places an ad in a home and garden magazine for its new arthritis drug, it is using a ________ strategy. multiple choice multichannel push direct hook pull

Answers

When a pharmaceutical company places an ad in a home and garden magazine for its new arthritis drug, it is using a multichannel strategy.

A multichannel strategy refers to the use of multiple channels to reach and communicate with customers. In this case, the pharmaceutical company is targeting potential arthritis patients by placing an ad in a home and garden magazine. By using this specific channel, they are able to reach a specific audience who may be interested in their new arthritis drug. This approach allows the company to leverage the readership of the magazine and increase the visibility of their product.

When a pharmaceutical company wants to promote its new arthritis drug, it may use a multichannel strategy. This strategy involves utilizing multiple channels to reach and communicate with potential customers. By placing an ad in a home and garden magazine, the company is able to target a specific audience who may be interested in their product. The ad takes advantage of the magazine's readership and offers the opportunity to reach a wider range of individuals who may be experiencing arthritis symptoms. By using a multichannel approach, the pharmaceutical company can increase the visibility of their new drug and potentially attract more customers.

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Market competition is described as a:

A. Full contact sport
B. None of these
C. Survival of the fittest
D. No holds barred

Answers

Answer:

Survival of the fittest

Explanation:

Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)

Survival of the fittest

Exxon, an energy company, thinks demand for oil, gas, and coal will increase for the foreseeable future, meaning 20-30 years. But they are hedging that bet by investing in small biofuels projects. This is called

Answers

Answer:

Forecasting

Explanation:

Forecasting is the way by which businesses predict future economic conditions by using past information and present economic situation to make informed guess about the future.

Forecasting is used by businesses to develop strategies that will ensure their future profitability.

In this instance Exxon predicted demand for oil, gas, and coal will increase for the foreseeable future of 20 to 30 years.

However their present activity is investment I sample biofuel projects.

This is forecasting the trend of demand in the oil and gas industry.

According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?


3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.


4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

According to this image :1- What is the age range of the generation with the highest amount of household

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

those most responsible for the major policy decisions of a corporation are the:

Answers

Answer:

Board of directors

Explanation:

For the year, simmons incorporated reports net sales of $100,000, cost of goods sold of $80,000, and an average inventory balance of $40,000. What is simmons’ gross profit ratio?.

Answers

The gross profit ratio of Simmons will be 20%, given that the value of revenue and cost of goods sold. SO, the correct option is (a).

Given information:

Revenue (net sales) = $100,000

Cost of goods sold = $80,000

Average inventory balance = $40,000

Gross profit ratio= Revenue- cost of goods sold/revenue*100

                          = $100,000-$80,000/$100,000*100

                           =20%  

A category of profitability ratio is the gross profit ratio, also widely recognized as the gross margin. It is beneficial to determine the income made by a firm's product and service sales after actual expenses are deducted. Simple terms, it is a simple and direct measurement to evaluate the company's profitability. It is also advantageous to evaluate how successfully the firm utilizes its work force and natural resources during the manufacturing operation. Gross profit ratio is calculated by subtracting cost of goods sold from total revenue and diving whole by total revenue.

The complete question is here:

For the year, Simmons Incorporated reports net sales of $100,000, cost of goods sold of $80,000, and an average inventory balance of $40,000. What is Simmons' gross profit ratio?

a. 20%.

b. 25%.

c. 40%.

d. 50%

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Which statement is true? A savings plan and a budget don't really have anything to do with eachother. It doesn't do much do much good to have a savings plan if you dont know how to budget you money.

Answers

Answer:  It doesn't do much do much good to have a savings plan if you dont know how to budget you money.

Explanation:

Budgeting and saving go hand in hand because budgeting enables us know what amount of our money we can save after spending on what we need to maintain our lifestyle.

If we don't have a budget or know how to budget our money, we will not know the amount to put towards a savings plan and if we start a savings plan without budgeting, we might end up in a situation where we have to withdraw from the savings constantly in order to meet our financial obligations.

Which of the following is an example of financial accounting?

a.)
Filing annual financial reports

b.)
Creating budgets for company departments

c.)
Predicting internal forecasts for future sales

d.)
Setting quarterly performance goals

Answers

An an example of financial accounting is Filing annual financial reports.

And this is because, annual financial reports gives financial transactions related to a business.

What is Financial accounting?

Financial accounting  can be regarded as accounting area that is focused concern on summary as well as analysis  of financial transactions.

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When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?

Answers

Answer:

Testing process...?

Would have been better if given options...

This is an example of what type of process testing process.

What is the product testing process?

The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.

Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.

The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.

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You are trying to decide how to increase the amount you save. What could you do?
• When you get a pay raise, save the increase from each paycheck
• Each day drop your change in a jar and deposit it when the jar is full
. When you get a pay raise, save a portion of the raise from each paycheck
• Save any extra money that comes in such as birthday gifts or bonuses from work.
• Save any money that is left over at the end of each pay period.

Answers

Answer:

I would say All of the Above

Explanation:

Saving money can be done in many ways, in many styles. I hope this helps

What detail most clearly develops the central idea in the first question you answered?

Group of answer choices


"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)


“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)


"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)


“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)


braiiest

Answers

The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).

What can be said of the Malaria pathogen?

The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.

This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.

This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.

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Select the correct answer from each drop-down menu.
Complete the sentences about career exploration by correctly filling in the missing information.
As you start to review the various career options available to you, you’ll notice that not every career will require ____ Instead, you can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing_____
.
1.
A. a background check
B. a college degree
C. skills
2.
A. a job application
B. an apprenticeship
C. an interview

Answers

Answer:

1-B. a college degree 2-B. apprenticeship

As you start to review the various career options available to a person, person notice that not every career will require a college degree Instead, a person can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing an apprenticeship. Thus, options 1. (b) and 2. (b) are correct.

What is the job?

The term job refers to employment in a particular company. The company pay amount on employees is also known as a job. The job has created the opportunity for building a career. A job is support to the financial earn and built experience. There are producers, builders, thinkers, and Improvers.

A person decided that every career does not necessarily require a college degree. Compared to the best option, the best option is searching for a job and learning technical knowledge, and gaining the ability to perform the work efficiently and effectively. on-the-job training and completing an apprenticeship.

As a result, a college degree is not necessarily as compared to an apprenticeship. Therefore, options 1. (b) and 2. (b) are correct.

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Place the steps to creating a budget in order:


Figure out your net income.


Make a list of fixed expenses


Make a list of variable expenses.


Adjust expenses as needed


Determine if you have enough income to cover all your expenses.

Answers

Answer:

1. Figure out your net income

2. Determine if you have enough income to cover all your expenses

3. make list of variable expense

4. make list of fixed expenses

5. adjust expense

done !

You place an order for 2,500 units of Good X at a unit price of $62. The supplier offers terms of 2/25, net 35. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1:
(a) How long do you have to pay before the account is overdue? Number of days ________days
(b) If you take the full period, how much should you remit? Remittance $ _____
Requirement 2: (
a) What is the discount being offered? (Enter your answer as a percentage.) Discount rate_________ % (
b) How quickly must you pay to get the discount? Number of days _______days
(c) If you do take the discount, how much should you remit?
Remittance $__________
Requirement 3:
(a) If you don’t take the discount, how much interest are you paying implicitly? Implicit interest $__________
(b) How many days’ credit are you receiving? Days’ credit_________ days

Answers

The answers of the intermediate calculation are: 1(a) 35 days; 1(b) $155,000; 2(a) 2%; 2(b) 25 days; 2(c) $151,900; 3(a) $3,100; and 3(b) 10 days

Requirement 1:
(a) You have 35 days to pay before the account is overdue. Number of days: 35 days.
(b) If you take the full period, you should remit the full amount of 2,500 units * $62/unit = $155,000. Remittance: $155,000.

Requirement 2:
(a) The discount being offered is 2%. Discount rate: 2%.
(b) You must pay within 25 days to get the discount. Number of days: 25 days.
(c) If you take the discount, you should remit 98% of the total amount (100% - 2% discount): $155,000 * 0.98 = $151,900. Remittance: $151,900.

Requirement 3:
(a) If you don't take the discount, the implicit interest you are paying is the difference between the full amount and the discounted amount: $155,000 - $151,900 = $3,100. Implicit interest: $3,100.
(b) The days' credit you are receiving is the difference between the net days and the discount days: 35 days - 25 days = 10 days. Days' credit: 10 days.

Your answer:
1(a) 35 days
1(b) $155,000
2(a) 2%
2(b) 25 days
2(c) $151,900
3(a) $3,100
3(b) 10 days

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The payment terms offer a 2% discount if paid within 25 days, with a net payment period of 35 days. If the discount is not taken, the implicit interest is approximately 9.13%, and the credit period is 10 days.

Based on the given information, the following calculations can be made:

Requirement 1:

(a) The net payment period is 35 days. Therefore, the payment must be made within 35 days before the account becomes overdue.

(b) If the full payment period is taken, the payment will be calculated as follows:

Total payment = 2,500 x $62 = $155,000

Requirement 2:

(a) The discount rate offered is 2/25 or 2%.

(b) The payment must be made within 25 days to avail of the discount.

(c) If the discount is taken, the payment will be calculated as follows:

Total payment = (2,500 x $62) - [(2/100) x (2,500 x $62)]

Total payment = $152,900

Requirement 3:

(a) If the discount is not taken, the payment will be the full amount of $155,000. Therefore, the implicit interest can be calculated as follows:

Implicit interest = ($155,000 - $152,900) / $152,900 x 365 / 10

Implicit interest = 9.13%

(b) Since the net payment period is 35 days and the discount period is 25 days, the credit period is calculated as follows:

Credit period = 35 - 25 = 10 days

Therefore, the payment terms offer a 2% discount if paid within 25 days, with a net payment period of 35 days. If the discount is not taken, the implicit interest is approximately 9.13%, and the credit period is 10 days.

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along with a list of its long-term goals, emerson coates sends over the company's strategic plan, and you begin a detailed review. you quickly notice that there are some elements of the plan that really don't belong there.

Answers

If  you quickly notice that there are some elements of the plan that really don't belong there. The elements you will choose to retain is: A. The company's plan to grow sales to exceed $10 million per year within the next 5 years.

What is strategic planning?

Strategic planning can be defined as the techniques  which a company or an organization make use of  when planning on how to achieve their set goals.

Choosing the company plan to grow sales is the element you should tend to retain based on the fact that the strategic plan help to reflects  the company priorities as well as  the step the company need to take so as  to achieve their  strategic goals.

Based on this the plan to grow sales to exceed $10 million per annum  within the next five  years is a strategic goal that the  you should retain.

Therefore the correct option is A.

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The complete question is:

Along with a list of its long-term goals, Emerson Coates sends over the company's strategic plan, and you begin a detailed review of the plan. You quickly notice that there are some elements of the plan that really don't belong there.

Which of the following elements will you choose to retain?

A. The company's plan to grow sales to exceed $10 million per year within the next 5 years*

B. The company's plan to replace store managers at underperforming stores

C. The company's plan to increase efficiencies through the use of wireless technology

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