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3 years ago

What is a mission statement?

Business

2 answers:

Katyanochek1 [597]3 years ago

7 0

It’s basically what an individual or group/company sets out to do, almost like a goal.

lana [24]3 years ago

5 0

Answer:

A mission statement is a brief introduction of a company because it encompasses the goal and its operational values/standards in a brief statement

Explanation:

Every company/firm has a mission statement and this statement gives an insight of the overall goal of the company, the plans of the company for its primary customers and also the geographic region of operation. a mission statement gives as well the philosophies and standards of operation of the company.

the vision of a company can also be found inside its mission statement and also the advantages of doing business with the company rather than it's competitors can be drawn from the mission statement summary of the company.

lastly the mission statement of a company is usually the first point of contact with the outside world.

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Answer:

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3 years ago

What does cc and bcc mean in business studies

WARRIOR [948]

Answer:

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3 years ago

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $55,000 cash to start the business and rec

Talja [164]

Answer:

The ending retained earning would be $2,400

Explanation:

For computing the ending retained earnings balance, we have to use the formula which is shown below:

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3 years ago

Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrig

zmey [24]

Answer:

Explanation:

PREPARE COST OF GOODS MANUFACTURED :

Beginning work in process 42000

Raw material consumed

Beginning raw material 38000

Add : raw material purchase 184500

Less : Ending raw material (52700)

Raw material consumed 169800

DIrect labour 42000

Factory overhead

Factory supplies used 16800

Factory utilities 10200

Depreciation factory equipment 16800

Indirect labour 48000

Property taxes 5500

Reent factory equipment 47000

Repairs factory equipment 4500

Total manufacturing overhead 148800

Total manufacturing cost 360600

Less : Ending work in process (52700)

Cost of goods manufactured

INCOME STATEMENT :

Sales revenue 1350000

Cost of goods sold

Beginning finished goods inventory 72550

Cost of goods manufactured 349900

goods available for sale 422450

Less : endin finished goods inventory (68800)

Cost of goods olsld (353650)

Gross profit 996350

Less : advertising expenses (54000)

Less : selling commission (40500)

Less : dep on office equipment (2400)

Less : office suppplies used (1600)

Less : other administrative exp (72000)

Less : Salaries exp (325000) (495500)

Net income 500850

BALANCE SHEET CURRENT SECTION :

ASSETS

Current assets

Cash 260000

Account receivable 275000

Prepaid exp 41250

Inventory

Raw material 52700

Work in process 52700

Finished goods 68800 174200

Total current assets 750450

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3 years ago

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Eva8 [605]

It would most likely it would be false

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3 years ago

Read 2 more answers