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aleksandr82 [10.1K]
3 years ago
12

Monica was hired by the Misty Mount Corporation to take over as the new chief executive officer. Her initial impression is that

the company is in disarray, primarily because the employees do not have a sense of purpose or a common set of values. Monica's observations suggest that she needs to provide a(n) _________ for Misty Mount.
Business
2 answers:
azamat3 years ago
6 0

Answer:

vison

Explanation:

Vision can be defined as  a mental image or picture, a future orientation, and aspects of direction or goal. Vision provides leadership, guidance and purpose to an organization by articulating what it wishes to attain. It serves as a GPS for all who need to understand what the organization is and where it intends to go . By providing a picture and purpose, vision not only describes an organization's direction or goal, but also the means of accomplishing it. It guides the work of the organization. Vision is a picture of the future for which people are willing to work. Monica needs to give them a sense of purpose for Misty Mount.

Svet_ta [14]3 years ago
5 0

Answer:

A Mission and Vision Statement for Misty Mount Corporation.

Explanation:

A Mission & Vision statement is vital for any corporation.

The mission statement defines the fundamental purpose of the corporation and provides a coherent guide for the decision making process.

The vision statement ensures that the decisions that are made are in sync with what the corporation wants to achieve.  

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Myles Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2014 Dec. 31, 2013 Raw materials in
Basile [38]

Answer:

Myles Manufacturing Company

Cost of Goods Sold = $2,700,000

Explanation:

Cost of Goods Sold:

Beginning Inventory of Raw Materials = $820,000

Purchase of Materials = $900,000

Less closing inventory of Raw Materials = $620,000

Cost of Raw Materials used in production = $1,100,000

Opening WIP = $220,000

Cost of Raw Materials used in production = $1,100,000

Direct Labour = $1,000,000

Manufacturing Overhead = $960,000

Less Closing WIP = $300,000

Cost of Goods Manufactured = $2,980,000

Opening Finished Goods = $100,000

Cost of Goods Manufactured = $2,980,000

Less closing Finished Goods = $380,000

Cost of Goods Sold = $2,700,000

3 0
3 years ago
Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
Aneli [31]

Answer:

The answer is "\$ 137,000"

Explanation:

Please find the complete question in the attached file.

Commercial sector contribution margin

=\$137,000

Margin per unit of contribution = sales price – Unit cost variables

Margin of Contributions = Revenue Sales - Fixed expenses

Aerospace industry variable costs

=\$280,000- \$143,000 =\$ 137,000

7 0
3 years ago
For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Gnom [1K]

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

5 0
3 years ago
On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
ruslelena [56]

Answer:

D. $6,000

Explanation:

The book value of a new asset includes the purchase price and other related costs that make it ready for use. For Woodstock company, the book value of the new machine will be the buying price of 40,000 plus 1000 transport costs.

Book value = $41,000

The straight-line depreciation method charges equal amounts throughout the life of the asset.

The depreciable amount = asset value - salvage value

=$41,000 - $5000

=$36,000

The depreciation rate = 1/6 x 100

=16.66 %

Annual depreciation = 16.66% x $36,000

=16.66/100 x $36,000

=0.16667 x $36,000

=$6,000

7 0
3 years ago
At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea
iren2701 [21]

Answer:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0
3 years ago
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