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seraphim [82]
2 years ago
8

Cameron started his own photography business. He wants to write a good mission statement that explains his company's reason for

existence. What is one guideline he should follow in writing his mission statement
Business
1 answer:
Alexandra [31]2 years ago
8 0

Answer:

The correct answer is: It should be clear and concise.

Explanation:

The mission of a company defines and informs mainly what the company does, what it does, activity in the market, how it carries it out, what its value proposition is; It can also be completed by referring to the public to which it is directed and with the uniqueness, particularity or differential factor, through which it develops its work or activity.

A mission of a correctly formulated company must always have the following characteristics:

  • Clear and simple
  • You must indicate what the company is dedicated to.
  • Difference to the company from its competitors.
  • It has to be easy to remember for employees and customers.
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Clampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Incorporated, had cash ($40,00
lana [24]

Answer:

$2,100

Explanation:

Particulars                     Fair market value      Basis        Differences

Inventory                             $60,000              $30,000       $30,000

Account receivables           $40,000              $40,000       $0

Equipment                           $60,000              $80,000      <u> ($20,000)</u>

Taxable gain                                                                           $10,000

Tax rate                                                                                   <u>   21%    </u>

Built in gains tax                                                                     <u>$2,100  </u>

So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.

3 0
3 years ago
A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu
OlgaM077 [116]

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company  

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

8 0
3 years ago
At the beginning of the current year, Paxx County’s enterprise fund had a $125,000 balance for accrued compensated absences. At
valentina_108 [34]

Answer:

a. $425,000

Explanation:

<em>Calculation of compensated absences expense for the year</em>

Closing balance of compensated absences        = $150,000

+ Payments made for compensated expenses   =   $400,000

- Opening balance of compensated absences    =<u> - $125,000</u>

Compensated absences expense for the year =     $425,000

7 0
3 years ago
12. The interest tax shield is a key reason why: A. the required rate of return on assets rises when debt is added to the capita
MAXImum [283]

Answer:

C. the net cost of debt to a firm is generally less than the cost of equity.

Explanation:

7 0
3 years ago
Wildhorse Company increased its investments in marketable securities by $323,370 and paid $1,232,231 for new fixed assets during
patriot [66]

Answer: $‭88,844‬

Explanation:

Financing activities relate to those activities that the company gets into in relation to Equity and debt as these are what finance the operation of the business.

Net Cash from Financing activities = Net inflow - Net Outflow

= New Debt Capital - Repaid debt - Treasury stock purchase

= 913,545 - 773,200 - 51,501

= $‭88,844‬

8 0
3 years ago
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