All categories

4 years ago

If you could make an online clothing business, what would be your mission and vission staement?

Business

1 answer:

Papessa [141]4 years ago

3 0

A mission statement defines the company vision and objectives.

A vision statement focuses more on the future goals and is usually longer than a mission statement because it covers things company purpose, goals, how it will be achieved, etc.

You might be interested in

To be included in property, plant, and equipment, an asset must have all of the following except Group of answer choices a. the

tester [92]

Answer:

b. the asset must have an expected life of a normal operating cycle.

Explanation:

A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.

Hence, to be included in property, plant, and equipment, an asset must have all of the following;

I. The asset is expected or required to be held for use

II. It must be tangible in nature.

III. It is required to have an expected life of that is typically above a year.

6 0

3 years ago

The balance sheet of Cattleman's Steakhouse shows assets of $86,700 and liabilities of $15,200. The fair value of the assets is

Allisa [31]

Answer:

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

Explanation:

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities

Total Fair Assets= $89,900-$15,200

Total Fair Assets= $74,700

Longhorn Goodwill=Price Paid to Acquire - Total fair Assets

Longhorn Goodwill=$82,620-$74,700

Longhorn Goodwill=$7920

Longhorn should record goodwill on this purchase of $7920.

6 0

3 years ago

(fill in the blank) are financial instruments that outline the future payments a company promises to make in exchange for receiv

Alexeev081 [22]

Three key elements of a bond are financial instruments that outline the future payments a company promises to make in exchange for receiving a sum of money now.

A secured bond is a bond that is pledged against a specified asset. An example of a secured bond is a mortgage bond with a lien on real estate. Bonds that do not have specific collateral and instead rely on the general financial condition of the company are known as unsecured or corporate bonds.

A lease is a contractual arrangement under which one party, called the lessor makes an asset available for use by another party called the lessee based on periodic payments over an agreed period of time. A lessee pays a lessor to use an asset or property. Premium bonds are bonds that trade above par. It costs more than the face value of the bond. A bond may trade at a premium because its interest rate is higher than the market's current interest rate.

Learn more about Financial instruments here:-brainly.com/question/21662535

#SPJ4

8 0

1 year ago

Which of the following would NOT shift an economy's PPF? *

Lelechka [254]

Answer:

a technological advance

Explanation:

thats a waste of money

5 0

3 years ago

Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60

Effectus [21]

Answer:

Net accounts receivable Before $18,600 and After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off

Accounts Receivable = $19,600

and Allowance for doubtful debt = $1,000

so Net accounts receivable = $19,600 - $1,000 = $18,600

Journal Entry for write off is here

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and After $18,600

6 0

4 years ago