How is the use of a balanced scorecard as a performance evaluation system helpful to companies?
What will be an ideal response
The balanced scorecard represents a major shift in corporate performance measurement. Rather than treating financial indicators as the sole measure of performance, companies recognize that they are only one measure among a broader set. Keeping score of operating measures and traditional financial measures gives management a "balanced" view of the organization.
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What is the McConachie net investment outlay?
McConachie Company is considering the purchase of a new 400-ton stamping press. The press costs $360,000, and an additional $40,000 is needed to install it. The press will be depreciated straight-line to zero over a five-year life. The press will generate no additional revenues, but it will reduce cash operating expenses by $140,000 annually. The press will be sold for $120,000 after five years. An inventory investment of $60,000 is required during the life of the investment. McConachie is in the 40 percent tax bracket. A. $400,000. B. $420,000. C. $460,000.
To sell variable contracts, a person must
A) hold a Certified Financial Planner designation B) be licensed as a managing general agent C) maintain a bond payable to the state D) be licensed for life insurance, maintain both federal and state securities licenses, and, in some states, have a specific variable annuity endorsement