Planning. Identify each of the following numbered items as an example of one of the three kinds
Question:
Planning. Identify each of the following numbered items as an example of one of the three kinds of planning by writing for each item the appropriate letter identified below:
A = an example of a short-range plan B = an example of a long-range plan C = an example of a strategic plan
(1) A forecast made in 1995 of total sales expected in the years 1996, 1997, and 1998
(2) The number of units of product expected to be sold in the next year
(3) A plan for discontinuing one of the two divisions of the company
(4) Estimates of quarterly net income for the remaining three quarters of the current year
(5) A plan to be the first company to establish a biomedical research lab on an orbiting space station
(6) A 1996 sinking-fund agreement calling for annual cash deposits sufficient to retire outstanding bonds that will mature in the year 2005
Step by Step Answer:
Cost Accounting
ISBN: 9780538828079
11th Edition
Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry