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1 year ago

Effectively communicating the strategic vision to company personnel is important because:__________

1 answer:

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Effectively communicating the strategic vision to company personnel is important because------ if company personnel do not understand or accept the rationale for heading in the direction top management has charted, they are prone to resist or be indifferent to the changes management wants to make.

What is a strategic vision and why is it important?

A strategic vision not only outlines the organization's goals and purposes but also directly or indirectly establishes the standards in quality, work ethic and operational precision that each employee must reach for those goals to be achieved. It shows how an organization differs from all the others.

Effective communication:

Is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose. When we communicate effectively, both the sender and receiver feel satisfied.

Learn more about effective communication:

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In March 2007March 2007, the U.S. unemployment rate was 4.44.4 percent. In August 2008 August 2008, the unemployment rate was

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Answer:

A Recession happened.

Explanation:

When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.

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3 years ago

Porter Incorporated issued $210,000 of 6 percent, 10-year, callable bonds on January 1, Year 1. The bonds were issued at their f

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Answer:

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

Explanation:

Porter Incorporated Journal entries

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

(102%×$210,000=$214,200)

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3 years ago

On April 1, Townsley Company sold merchandise with a selling price of $10,000 on account to Trout Company, with terms 3/10, n/30

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Answer and Explanation:

The journal entry is shown below:

Cash $8,730

Sales Discount ($9,000 × 3%) $270

To Accounts receivable $9,000 ($10,000 - $1,000)

Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets

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2 years ago

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Answer:

Explanation:

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2 years ago

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The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab

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Answer:

$462,562

Explanation:

Lower of Cost and Net Realizable Value (LCNRV) records ending inventory at the lowest between purchase costs or net realizable value.

Part Q Cost per Unit Net RV Total

110 620 $121.00 $127.00 $75,020

111 1,080 $76.20 $66.00 $71,280

112 540 $101.60 $97.00 $52,380

113 220 $215.90 $228.60 $47,498

120 440 $260.00 $264.00 $114,400

121 1,400 $20.00 $1.00 $1,400

122 330 $304.80 $298.00 $100,584

Total $462,562

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2 years ago