1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lerok [7]
3 years ago
7

What is a vision statement

Business
2 answers:
FromTheMoon [43]3 years ago
8 0
A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
Reika [66]3 years ago
8 0

Answer:

A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.

Explanation:

You might be interested in
When the Fed adjusts its interest rate, it directly influences consumer
viva [34]

Answer:

C.borrowing

Explanation:

By adjusting the interest rates, the Fed influences the interest rate that banks charge customers when they borrow. An increase in the fed funds rate causes a rise in bank interest rates on loans and mortgages.

Interest rates are a monetary policy tool that the Fed uses to regulate the money supply in the economy.  Should the fed desire to increase the money supply, it lowers the interest rates making the cost of borrowing attractive. An increase in interest rate makes borrowing expensive and hence reduces the money supply. The Fed uses interest rates to influence the money supply by encouraging or discouraging borrowing of money by firms and households

8 0
3 years ago
Read 2 more answers
Miller and Sons' static budget for 10,300 units of production includes $36,800 for direct materials, $48,500 for direct labor, v
Alborosie

Answer:

b. direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900

Explanation:

\left|\begin{array}{c|c|c|c}$Item&$Cost for 10,300 Units&$Unit Cost&$Cost for 13900 Units\\--&--&--&--\\$Direct materials&\$36,800&\dfrac{36800}{10300} &\dfrac{36800}{10300}\times 13900$ Units=\$49662\\\\$Direct Labor&\$48,500&\dfrac{48500}{10300} &\dfrac{48500}{10300}\times 13900$ Units=\$65451\\\\$Variable Utilities&\$7,500&\dfrac{7500}{10300} &\dfrac{7500}{10300}\times 13900$ Units=\$10121\end{array}\right|The Supervisor's Salary is a fixed cost.

Therefore, a flexible budget for 13,900 units of production would show:

  • Direct materials of $49,662,
  • Direct labor of $65,451,
  • Utilities of $10,121
  • Supervisor salaries of $14,900
8 0
3 years ago
Marigold Batteries is a division of Enterprise Corporation. The division manufactures and sells a long-life battery used in a wi
Sholpan [36]

Answer:

Marigold Batteries

A Division of Enterprise Corporation

1) Income Statement, absorption costing:

                                           60,000 Units  90,000 Units

Sales revenue                     $1,980,000     $2,970,000

Manufacturing costs:

Variable manufacturing costs 780,000        1,170,000

Fixed manufacturing costs     540,000         540,000

Total manufacturing costs $1,320,000      $1,710,000

Gross profit                           $660,000    $1,260,000

Expenses:

Variable selling and admin    300,000         450,000

Fixed selling and admin          50,000            50,000

Total expenses                    $350,000       $500,000

Net income                           $310,000       $760,000

2) Income Statement, variable costing:

                                           60,000 Units  90,000 Units

Sales revenue                     $1,980,000     $2,970,000

Variable costs:

Variable manufacturing costs 780,000         1,170,000

Variable selling and admin     300,000          450,000

Total variable costs            $1,080,000     $1,620,000

Contribution margin            $900,000      $1,350,000

Fixed costs:

Fixed manufacturing costs    540,000         540,000

Fixed selling and admin          50,000            50,000

Total fixed costs                  $590,000       $590,000

Net income                           $310,000       $760,000

Explanation:

a) Data and Calculations:

Selling price per unit = $32

Expected unit sales             60,000         90,000

Production units                  60,000         90,000

Beginning inventory  = 0

Selling price per unit = $33

Variable manufacturing costs = $13 per unit

Fixed manufacturing costs = $540,000

Variable selling and administrative expenses = $5

Fixed selling and administrative expenses = $50,000

b) The key difference lies with the treatment of fixed and variable costs.  With absorption costing, the fixed manufacturing costs are included in the costs of products.  With variable costing, they are treated as period costs or expenses.  Also, with variable costing, variable selling and administrative costs are included in the variable costs of the products.  The variable costing method calculates the contribution margin before deducting the fixed expenses to arrive at the net income.  On the other hand, the absorption costing method calculates the gross profit instead of the contribution margin.

5 0
3 years ago
During December, Far West Services makes a $4,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Lina20 [59]

Answer

Debit Accounts receivable   $4,200

Credit Revenue account       $3,870.97

Credit State Sales tax payable        $232.26

Credit local Sales tax payable         $96.77

Explanation:

When revenue is earned but cash is yet to be received and sales tax are to be accounted for at 8.5%, the entries required are;

Debit Accounts receivable   108.5%

Credit Revenue account       100%

Credit Sales tax payable         8.5%

Given that the sales tax amount is in addition to the credit sale amount, let the sales revenue be R

6% * R + 2.5% * R + R = $4,200

1.085R = $4200

R = $3870.97

States tax = 6% * $3870.97

=$232.26

Local tax = 2.5% * $3870.97

= $96.77

5 0
3 years ago
Teams and groups tend to have very rigid rules and consequences. True or false
mr Goodwill [35]
That statement is true

A team or a group usually formed based on one similar goals or point of views among the members and a lot of them set up a couple of rules to be imposed among their members to prove that they're committed to the group and its cause.
8 0
3 years ago
Read 2 more answers
Other questions:
  • Last year, Reggie, a Los Angeles, California resident, began selling autographed footballs through Trojan Victory (TV), Incorpor
    6·1 answer
  • Games like "dungeons and dragons," which involve active use of the imagination, have been popular among adolescents for some tim
    10·1 answer
  • Motivation is​ a(n) ____________. A. model B. attitude C. paradigm D. theory E. process
    11·2 answers
  • Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,838. The
    7·1 answer
  • Suppose that you were born in 1999. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul
    9·1 answer
  • What are the three reasons that companies import?
    8·1 answer
  • You are the production manager of an electronics company and learn from the marketing manager that there is an unexpected high d
    5·1 answer
  • Sales $ 100,000 Operating expenses $ 94,000 Operating assets $ 40,000 Stockholder's equity $ 25,000 Cost of capital 10 % What is
    13·1 answer
  • Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $1,400,000 of 4-year,
    12·1 answer
  • Which of the following statements about the W-4 form is TRUE? (Select all that apply) This form is given to employees on their f
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!