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timofeeve [1]
4 years ago
5

Ben attended a workshop hosted by SCORE, a SBA organization that counsels small-business owners on developing a good vision stat

ement. In that workshop the speakers discussed how an organization's vision needs to describe ________.
Business
1 answer:
Zielflug [23.3K]4 years ago
8 0

Answer:

what the company wants to become, and its long-term direction and strategic intent

Explanation:

Vision statement is a long term road map of the direction a business needs to take in order to achieve its set goals and objectives. It usually undergoes little revision.

However the short term operational processes are constantly reviewed to make the business better align with long term goals as stated in the vision statement.

In this scenario where the vision statement of small businesses are being formulated the speakers will discuss what the company wants to become, and its long-term direction and strategic intent

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What are three elements of negligence?
Vlad [161]

Answer:

actual harm

breach of duty

duty to act

8 0
4 years ago
Kingbird Company has five employees participating in its defined benefit pension plan. Expected years of future service for thes
viktelen [127]

Answer:

Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 =  24 years.

Projected benefit of $88,560.

Year                                                                           Annual Amortization

2020    88,560 * 5/24                                                      $‭18,450‬

2021      88,560 * 5/24                                                     $‭18,450‬

2022      88,560 * 5/24                                                    $‭18,450‬

2023      88,560 * 4/24                                                    $‭14,760‬

2024      88,560 * 3/24                                                    $‭11,070‬

2025     88,560 * 2/24                                                     $‭7,380‬

Total                                                                                 $88,560

Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.                                                                      

8 0
3 years ago
G To what extent do managers need to have experience in accounting and with financial statements?
mojhsa [17]

Answer:

The question seems to have missing parts which I could not find on the internet, however I have tried to answer the part available as below :

To a greater extent,  managers need to have experience in accounting and with financial statements to understand their Decision Implications on Profit and to communicate with the Public and Stakeholders well.

Explanation:

Experience with Accounting and with Financial Statements are very important in that understanding these, Managers would be well aware of their Decision Implications on the bottom line - Profit. The performance of every manager can be traced back to items  that where within their control and these are shown in financial statements. The financial statement is also a vital document when the Company is communicating to the Public or to other Stakeholders and as such Managers need to be aware of. Some Managers are Sole Traders who need to have experience with accounting and with financial statements among other skills.

However, Mangers are not expected to be good at everything and they may be hired for one specialty such as strategy or marketing. In that case more time must be devoted to leave up to their role and leave the details of Accounting and Financial Statements to those hired for that specialty.

In conclusion it is to a greater extent,  managers need to have experience in accounting and with financial statements to understand their Decision Implications on Profit and to communicate with the Public and Stakeholders well.

6 0
3 years ago
Indigo Corporation purchased trading investment bonds for $55,000 at par. At December 31, Indigo received annual interest of $2,
babunello [35]

Answer:

(a) the purchase of the investment

Dr. Investment in trading security $55,000

Cr. Cash                                          $55,000

(b) the interest receive

Dr. Interest receivable                       $2,200

Cr. Interest on Investment (income) $2,200

Dr. Cash                                              $2,200

Cr. Interest receivable                       $2,200

(c) the fair value adjustment

Dr. Unrealized Loss                        $2,500

Cr. Investment in trading security $2,500

Explanation:

Trading Investment Bonds are recorded as assets and these are reported at fair value. Any gain or loss arising from the fair value adjustment will be recorded. Fair value adjustment should be made at end of each reporting period and when a significant difference arose. Gain from the fair value adjustment will increase the value of Investment in trading security and loss will decrease the value.

Unrealized gain = Current Book value of Investment - Fair value

Unrealized gain = $55,000 - $52,500

Unrealized gain = $2,500

6 0
3 years ago
Consider a mail order business in which employees take orders or parts from customers. Create a conceptual using the following i
adelina 88 [10]

Answer:

attached below is the Entity-Relationship diagram

Explanation:

Designing  an ER ( Entity-Relationship ) Diagram for the mail order database  using a data modelling tool

attached below is the an Entity-Relationship diagram  created using all the information provided above

3 0
3 years ago
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