Define and explain SMART?

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Answer 1

Answer: Being smart is something that's grown and cultivated, often by being curious enough to seek out new information and by recognising what you don't already know. Being smart is the ability to put ideas together, and create solutions to problems. Being smart is the ability to focus, concentrate, and communicate.

Related Questions

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:Sales $ 1,350,000Selling price per pair of skis $ 450Variable selling expense per pair of skis $ 46Variable administrative expense per pair of skis $ 19Total fixed selling expense $ 140,000Total fixed administrative expense $ 115,000Beginning merchandise inventory $ 75,000Ending merchandise inventory $ 120,000Merchandise purchases $ 315,0001. Prepare a traditional income statement for the quarter ended March 31.2. Prepare a contribution format income statement for the quarter ended March 31.3. What was the contribution margin per unit?
Sales to customers who use bank credit cards such as mastercard and visa are usually recorded by:a. Debit to Cash and a credit to Sales b. Debit to Cash, credit to Credit Card Expense, and a credit to Sales c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales d. Debit to Sales, debit to Credit Card Expense, and a credit to Cash
n its 2016 annual report, Kohl's Corporation reported the following (in millions): Total assets $13,574 Total shareholders' equity $ 5,177 Total liabilities $ 8,397 What proportion of Kohl's Corporation is financed by nonowners?
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will be uncollectible. On January 1, Allowance for Doubtful Accounts had a credit balance of $3,700. During the year, Abbott wrote off accounts receivable totaling $2,500 and made credit sales of $115,000. There were no sales returns during the year. After the adjusting entry, the December 31 balance in Bad Debt Expense will be
True or false:If the owners of Six Flags over Texas want to know where the amusement park's patrons are coming from, they could send an employee out to collect the state names from the license plates of cars parked in the Six Flags' parking lot. This is an example of the observational method of gathering marketing research.

Tower Company planned to produce 3,000 units of its single product, Titactium, during November. The standards for one unit of Titactium specify six pounds of materials at $0.30 per pound. Actual production in November was 3,100 units of Titactium. There was an unfavorable materials price variance of $380 and a favorable materials quantity variance of $120. Based on these variances, one could conclude that:

Answers

Answer:

The actual usage of materials was less than the standard allowed.

Explanation:

Based on these variances, one could conclude that the actual usage of materials was less than the standard allowed because the Company planned to produce 3,000 units of its single product during November in which the standards for one unit of the product specify six pounds of materials at $0.30 per pound but at the end the Actual production in November was 3,100 units instead of 3,000 unit which was planned .

Therefore Materials quantity variance = (AQ - SQ) SP.

A favorable materials quantity variance can occurred in a situation where the actual usage of materials was less than the standard allowed which is AQ < SQ.

Which 2 statements are correct about using the client details and dashboard screens of QuickBooks Online Accountant and working with client company files

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Answer:

You can import QuickBooks Online Trial Balance data into ProConnect Tax Online to prepare tax returns via the client dashboard

You can start a new tax return from the client dashboard for non QuickBooks Online clients or clients that are using QuickBooks Online

Explanation:

While using the client details and the dash borad screens of an online accountant who are working with the client files should do the importing of the data related to the trial balance into the proconnect tax so that the tax returns could be prepared

Also the new tax return could be started from the client dashboard via using the quick books online

hence, these two statements are correct

How much would $1, growing at 3.5% per year, be worth after 75 years? a. $12.54b. $13.20c. $13.86d. $14.55e. $15.28

Answers

Answer:

The correct answer is letter "B": $13.20.

Explanation:

The time value of money is a concept that states that a dollar today is always worth more than a dollar tomorrow based on the interest that can be accrued. In that sense, the sooner the money is received, the better since there will be more time for the interest to grow. The future value of money is calculated with the following formula:

FV=PV x [1+ i/n]^((n x t))

Where:

FV = Future value of money
PV = Present value of money
i = interest rate
n = number of compounding periods per year
t = number of years

In the example:

FV = ?

PV = $1

i = 3,5%

n = 1

t = 75

Thus,

FV= $1 x [1+ (3,5%)/1]^((1 x 75))

FV= $1 x [1+ (35/10 x 1/100)/1]^((75))

FV= $1 x [1+ (35/1000)/(1/1)]^((75))

FV= $1 x [1+ 35/1000]^((75))

FV=$13,1985 ≅$13,20

Answer:

14.55

Explanation:

i think this is right and I hope that it helps:)

Bill's Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh ground beef and pork with a secret ingredient to make delicious quarter-pound hamburgers that are advertised as having no more than 25% fat. Bill can buy beef containing 80% meat and 20% fat at $0.85 per pound. He can buy pork containing 70% meat and 30% fat at $0.65 per pound. Bill wants to determine the minimum cost way to blend the beef and pork to make hamburgers that have no more than 25% fat. What is objective function for the mathematical formulation, in words?

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Bills grill is a popular college resturant that’s is famous

Markson Company had the following results of operations for the past year: Sales (8,000 units at $20) $ 160,000 Variable manufacturing costs $ 86,000 Fixed manufacturing costs 15,000 Variable administrative expenses 12,000 Fixed selling and administrative expenses 20,000 (133,000 ) Operating income $ 27,000 A foreign company offers to buy 2,000 units at $14 per unit. In addition to variable manufacturing and administrative costs, selling these units would increase fixed overhead by $1,600 for the purchase of special tools. Markson’s annual productive capacity is 12,000 units. If Markson accepts this additional business, its profits will:

Answers

Answer:

Increase in profit $ 1900

Explanation:

To determine the additional profit from the special order, we would consider only the costs and revenue relevant to the special order decision:

Unit relevant cost = Total variable cost/Units produced

Total variable costs = 86,000 + 12,000 =$98000

Unit relevant cost = 98,000/8,000 = $12.25

Note that fixed costs are irrelevant, whether or not the special order is accepted the fixed manufacturing and administrative expenses would be incurred. Hence, they are excluded from the computation.

Revenue from the special order ( $14× 2,000) = 28,000

Relevant costs of special order ( $12.25× 2,000) (24,500)

Cost of special tools (1,600)

Increase in profit 1900

At Bargain Electronics, it costs $30 per unit ($16 variable and $14 fixed) to make an MP3 player at full capacity that normally sells for $51. A foreign wholesaler offers to buy 3,580 units at $28 each. Bargain Electronics will incur special shipping costs of $3 per unit. Assuming that Bargain Electronics has excess operating capacity, indicate the net income (loss) Bargain Electronics would realize by accepting the special order. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Should the order be accepted or rejected?

Answers

Answer:

(17,900) net loss

Explanation:

51 - 16 = 35

Special order Contribution margin

28 sales price - 16 variable cost - 3 shipping cost = 9

Total contribution for the order

3,580 units x 9 CM= 32,220

3,580 x 14 fixed cost = (50,120)

(17,900) net loss

We should assume the fixed cost will increase because we are at full capacity.

Final answer:

Bargain Electronics would realize a loss of $17,300 by accepting the special order.

Explanation:

To determine the net income (loss) from accepting the special order, we need to calculate the cost of producing the units, including both variable and fixed costs, and subtract it from the revenue generated from selling the units to the foreign wholesaler. The cost to produce each unit is $16 variable cost + $14 fixed cost + $3 shipping cost = $33. So, the total cost to produce 3,580 units is $33 × 3,580 = $117,540.

The revenue from selling the units to the wholesaler would be 3,580 × $28 = $100,240. The net income (loss) is calculated by subtracting the total cost from the revenue: $100,240 - $117,540 = ($17,300). Therefore, Bargain Electronics would realize a loss of $17,300 by accepting the special order.

The primary topic of this question is calculating net income (loss) for a business.

Learn more about Calculating net income (loss) for a business here:

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