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almond37 [142]
3 years ago
8

21 Type the correct answer in the box. Spell all words correctly. Which process helps bring business professionals together to w

ork toward a business’s objectives? brings people, processes, teams, and leaders together to achieve an organization’s goals.
Business
1 answer:
True [87]3 years ago
8 0

Answer:

Strategic planning

Explanation:

Strategic planning is the process in which business professionals formulate a clear plan to determine the direction of actions that they need to take in order to achieve the company's goals.

Strategic planning typically divided into 4 parts:

- Vision; The end goals that the company want to achieve

- Missions ; Specific list of conditions or checkpoints that the company need to get in order to actualize its vision

- Values; A set of principles that the company use to form their working culture

- Both Long terms and short terms plan that can be executed to sustain its operation.

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True/False: The most accurate method to calculate the amounts in a budget is to apply a specific percentage of increase or decre
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Answer: The Answer is False

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Which statement is true for a short-term goal?
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Answer:

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5 0
2 years ago
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $153,000 and a balance in retained earnings of
salantis [7]

Answer:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

Explanation:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

6 0
3 years ago
The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
givi [52]

Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0
3 years ago
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receiva
jekas [21]

Answer:

d. 108 days

Explanation:

Average Inventory = (Beginning balance + Ending balance) / 2

Average Inventory = ($139,000 + $158,000) / 2

Average Inventory = $297,000 / 2

Average Inventory = $148,500

Inventory Turnover ratio = Cost of goods sold / Average Inventory

Inventory Turnover ratio =  $501,000 / $148,500

Inventory Turnover ratio = 3.37 times

Average days to sell inventory = Days in a year / Inventory Turnover ratio

Average days to sell inventory = 365 days / 3.37 times

Average days to sell inventory = 108.31 days

8 0
3 years ago
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