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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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Answer:

We are doing wonderful what aboit you

4 0
3 years ago
Chapter 3 Homework Questions 3, 4 3. Balance Sheet. Construct a balance sheet for Sophie’s Sofas given the following data. What
Svet_ta [14]

Answer:

<u>BALANCE SHEET</u>

Assets                                            Liabilities

Cash                           10,000        Account Payable     17,000

Account Receivable 22,000        Long term               170,000

Inventory                 200,000       Total Liab                187,000

non-current assets  100,000        Equity                      145,000 (A)

total assets              332,000     Total liab + SE         332,000

Earnings before interest and taxes: 11,000 dolllars

Net income 8,000

Explanation:

(A) solve through the accounting equation

assets = laib + equity

332,000 = 187,000 + Equity  = 332,000 - 187,000 = 145,000

Q4

income tax expense: 2,000

rate 20%

Earnings before taxes x 20% = 2,000

EBT = 2,000 / 0.2 = 10,000

Net income : 10,000 - 2,000 = 8,000

EBIT: EBT + interest expense

10,000 + 1,000 = 11,000

5 0
3 years ago
Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is
Katarina [22]

Answer:

Please Kindly check the attach picture, the full working is there.

Explanation:

6 0
3 years ago
Chris has been offered a seven-year bond (face value $1,000) issued by Bayley Ltd at a price of $943.22. The bond has a coupon r
ZanzabumX [31]

Answer:

As the actual price of such bonds should be $950.51 and the bonds are offered at a lower price, the bonds should be bought at the offered price.

Explanation:

To determine whether the bonds should be bought at the given price or not, we first need to calculate the price of the bond. The formula for the price of the bond is attached.

The interest payed by the bonds can be treated as an annuity.

The semiannual rate will be = 9% / 2 = 4.5%

The number of semi annual payments will be = 7 * 2 = 14

The YTM expressed semi annually will be (r) = 10% / 2 = 5%

Semi annual coupon payment or C = 1000 * 0.045 = 45

Bond Price = 45 * [(1 - (1+0.05)^-14) / 0.05] + 1000 / (1+0.05)^14

Bond Price = 950.5068 rounded off to $950.51

As the actual price of such bonds should be $950.51 and they are offered at a lower price, the bonds should be bought at the offered price.

5 0
2 years ago
The _________________ is an accounting method that (a) estimates bad debts expense from credit sales during the period sales are
oksian1 [2.3K]

Answer:

A) Allowance method of accounting bad debts

Explanation:

Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value

Therefore the allowance method of accounting bad debts is an answer

5 0
3 years ago
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