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alukav5142 [94]
3 years ago
6

The first part of setting strategic direction for an organization is to analyze the external and internal environments by prepar

ing a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis. Once the SWOT is complete, the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work, called_________.
Business
1 answer:
ivanzaharov [21]3 years ago
3 0

Answer:

Vision Statement

Explanation:

The first part of setting strategic direction for an organization is to analyze the external and internal environments by preparing a SWOT {Strengths , Weakness , Opportunities , and Threats } analysis. Once the SWOT is complete , the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work , called <u>Vision Statement.</u>

Vision Statement is a important point in strategical  planning. It tells what an organization intended to achieve or we can say it highlight the objective of the organization .

Vision Statement should we s<u>hort , simple and clearly specified.</u> It plays an i<em>mportant role</em> in an organization .    

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In the evolution of marketing, the marketing concept era emphasized selling and advertising in an effort to persuade consumers t
larisa86 [58]

Answer:

In the evolution of marketing, the marketing concept era emphasized selling and advertising in an effort to persuade consumers to buy existing products.

False

Explanation:

Reasons why it is false in the evolution of marketing in modern era is to sell and advertise. There are numerous ways to add to sales and advertisement, in order to sell existing products or goods it is expedient to package, re-package, brand, re-brand before placing such goods for advertisement because these would change the face of goods to be sold. hence; increase sales

8 0
3 years ago
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
kicyunya [14]

Answer:

For working capital, it is -$98million or($98million).

For current ratio, it is 0.51

Explanation:

1. The formula for the working capital is current asset minus current liabity.

Current assets are cash, accounts receivable, inventory and other Curren assets.

The addition of all these figures for current assets($ 30.7+$21.4+27.4+22.5) totalled $102.0

Current liability is $200.0

Therefore, working capital is:

$102 - $200

= -$98million or ($98million)

The working capital is in negative of $98million.

The current ratio = current asset/current liability.

$102.0million/$200.0million

=0.51

The current ratio of 0.51 means the company cannot meet its short term liquidation. There is a liquidity problem.

The ideal current ratio is at least 1.0

8 0
3 years ago
Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 50 $ 3
RUDIKE [14]

Answer:

Amount of taxes payable is $210.

Explanation:

<u>Calculating the Income tax amount: </u>

Income tax = Closing balance - opening balance + income tax expenses

Income tax = 30 - 50 + 230  

Income tax = - 20 + 230

Income tax = $210

7 0
3 years ago
Crane Enterprises reported cost of goods sold for 2020 of $1,290,700 and retained earnings of $4,708,100 at December 31, 2020. C
Grace [21]

Answer:

  • Adjusted Cost of Goods sold = $1,206,860
  • Adjusted Retained Earnings = $4,675,190

Explanation:

An overstated opening inventory would overstate Cost of Goods sold. The overstatement should therefore be removed from the Cost of goods sold.

An overstated closing inventory would understate Cost of Goods sold. The overstatement should therefore be added to the Cost of Goods sold.

Adjusted Cost of Goods sold 2020 = Cost of Goods sold + 2020 ending inventory - 2019 opening inventory

= 1,290,700 + 32,910 - 116,750

= $1,206,860

Adjusted Retained earnings

The retained earnings would have to be adjusted for the overstatement of the current inventory by $32,910 because this understated Cost of Goods sold.

= Retained earnings - Overstatement of inventory

= 4,708,100 - 32,910

= $4,675,190

8 0
3 years ago
What account earns the most interest
xxTIMURxx [149]

Answer:

A bank account

Explanation:

because your money is kept safe

8 0
3 years ago
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