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natka813 [3]
3 years ago
15

A(n) _____ broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique

or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.
А. businessplan
B.mission statementC.SWOTanalysis
D.general advertisement
E.strategic plan
Business
1 answer:
Tanzania [10]3 years ago
8 0

Answer:

(B) mission statement

Explanation:

A mission statement broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.

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The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
lakkis [162]

Answer:

1.Cost of direct material used =$168000

2.cost of  direct labor used =$100000

3.Cost of goods manufactured =$396800

4.cost of goods sold =$422100

5.Gross profit = $577900

6.Under applied factory overhead =$84000

Explanation:

Direct labour= (D/L)

Direct material = (D/M)

Factory overhead =( FOH)

Raw material used = material (open) +purchased -material (end)

                               = 30000+194000-56000

                              = 168000.

Entry:  Dr work in process  168000

                   Cr raw material          168000

Manufacturing cost = Raw material used + direct labor cost + factory overhead.

                        = 168000+100000+(16000+23000+100000) = $407000.

COGM= Manufacturing cost+work in process (open)-work in process (end)

          = 407000+9900 - 20100 = $396800.

Applied factory overhead= direct labor * predetermined rate

                                          = 100000*55% = $55000.

entry: Dr  work in process  55000

               Cr Applied factory overhead   55000.

Cost of goods sold = Cost of goods manufactured + finished goods (open) -finished goods (end).

                             = 396800+59000-33700 =$422100.

                                             T-account

Raw material                                                           Work in process

Dr___________Cr__                                      __ DR ___________CR

30000--                                                         (open)  9900 ----

194000---                                                     (D/L)  100000   ---  

             ----                  56000                     (FOH) 55000    ---   20100

            ---- bal figure 168000                             168000  --   bal fig 312800.

Actual factory overhead = $139000

Applied factory overhead =$<u>55000</u>

Under applied factory overhead = 84000.

Sales =                                                                                             1000000

Less cost of goods sold =                                                             (<u>422100</u>)

Gross profit                                                                                    577900

6 0
3 years ago
After months of thinking about the new laptop she heard about from a friend, anna finally decides it’s time to buy it. In what s
inna [77]

The stage of the customer journey of Anna is the Purchase phase.

Awareness: the customer becomes familiar with the brand via channels, consisting of advertising and word-of-mouth. Consideration: realizing that they have a need that must be met, the customer actively considers whether or not to buy the product or service on offer. Purchase: the customer makes the purchase.

Customer's journey. is defined as the active research process someone goes through leading up to a purchase. It is called a journey because each one of your prospective customers will be at different points in their journey towards a purchase.

Learn more about the Purchase phase here brainly.com/question/27975123

#SPJ4

7 0
2 years ago
Verma, Inc. sells office furniture. In 2021, it sold 200 desks for $500 each. For each desk sold, Verma distributed a 50% discou
Effectus [21]

Answer:

$12

Explanation:

The standalone price is the price at which the seller (Verma) would sell its products or services (discount coupon) separately to other customers.

to determine the standalone price of the discount coupon we must multiply the change in discount by the expected use of the coupons:

  • change in discount = $150 x (50% - 10%)  = $150 x 40% = $60
  • expected use = 20%

= $60 x 20% = $12

3 0
3 years ago
What is credit risk management?​
Thepotemich [5.8K]

Answer:

Credit Risk Manager. Also referred to as: Manager - Credit Risk Management. Requirements and Responsibilities. Develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization.

7 0
3 years ago
Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its
Andrej [43]

Answer:

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

Explanation:

Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

(Being to record quarterly pension Liabiltiy)

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

( Being to record the accrued pension liability payment to the funding agent)

5 0
2 years ago
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