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Free_Kalibri [48]
3 years ago
13

Which of the following BEST describes a mission? an objective that a business hopes and plans to achieve the shared experiences,

stories, beliefs, and norms that characterize an organization an organization's competitive standing in the marketplace an organization's statement of how it will achieve its purpose in the environment in which it conducts business a broad set of organizational plans for implementing decisions made for achieving organizational goals
Business
1 answer:
nevsk [136]3 years ago
4 0

Answer:

An organisation statement on how it will achieve its purpose in the environment in which it conducts business.

Explanation:

A mission statement can be defined as a statement which explains the reasons for an organisation existence, it also explains what a business aims to achieve at a long-run.

All organisations have their different mission statements which clearly defines the purpose of the business. It is used to create a form of direction and also motivation to the various employees of the organisation.

Mission statements serves as a guide that enables the organisation to achieve their objectives and goals, It also helps in the planning of future aspirations.

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Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
Hitman42 [59]

Answer:

D. Cumulative preference stock.

Explanation:

A. Non cumulative Pref stock: if preference dividend is not paid in the current year, it is forfeited.

B. Participating Pref Stocks: Holders can participate in profit sharing after receipt of fixed interest.

C. Callable Pref Stock: This are stocks that the company can redeem in between. Hence the company can redeem it at a premium.

D. Cumulative Pref Stock: The dividend are accumulated and paid anytime before payment to common stock holders.

3 0
2 years ago
For which of the following transactions would the use of the present value of an annuity due concept be appropriate in calculati
Drupady [299]

Answer:

A capital lease is entered into with the initial lease payment due upon the <u><em>signing of the lease agreement.</em></u> The annuity begins with a payment

Explanation:

An annuity-due represnet an annuity were payment or deposits are perform at the beginning of the period.

B no. It doesn't start with a payment.

C no, there is no payment at issuance.

D same as C only the rates changes but this, do not change the essence of the annuity it is still a common annuity not annuity-due

3 0
3 years ago
Asking good questions promotes critical thinking. explain how asking good questions promote critical thinking
Sergio039 [100]
Asking good questions promote critical thinking because if a person was able to be provided with sensible and good questions, his or her critical thinking will be of help and will be of benefit to the person, making it to be promoted as the question is sensible and the use of his or her critical thinking has become something that he or she will made use of and will be something worth it.
6 0
3 years ago
Pet Toys Inc. has four customers. Details on revenues and expenses are presented below. Customer A Customer B Customer C Custome
natali 33 [55]

Answer:

a. Customer A.

Explanation:

operating profit = EBIT

in this case, the company allocates fixed operating costs equally, which is incorrect since the sales volumes are very different. Fixed operating costs should be allocated proportional to the amount of units sold:

total fixed operating costs = ($30,000 x 4) + ($20,000 x 4) + ($10,000 x 4) = $240,000

total sales = 10,000 + 20,000 + 35,000 + 50,000 = 115,000 units

fixed operating costs per unit = $240,000 / 115,000 = $2.08696 per unit

                                               A                B                   C                D

units sold                        10,000         20,000        35,000        50,000

sales                               $100,000     $150,000    $200,000   $250,000

total variable costs        $75,000       $105,000    $125,000    $155,000

allocated fixed costs     $20,869       $41,739       $73,044       $104,348

EBIT per customer         $4,131            $3,261        $1,956         -$9,348

EBIT per unit                   $0.41            $0.16           $0.06          -$0.19

Since customer A's EBIT per unit sold is higher, then it is the client with the highest customer level operating profit per unit sold.

3 0
3 years ago
This information relates to Hanshew Real Estate Agency.
Molodets [167]

Answer and Explanation:

a. The Journal entry is shown below:-

1. Cash Dr, $35,000

      To common stock $35,000

(Being received cash in exchange of common stock is recorded)

2. No Journal entry is required

3. Equipment Dr, $3,500

      To Accounts payable $3,500

(Being equipment is recorded)

4. Accounts receivable Dr, $10,000

    To service revenue $10,000

(Being service revenue is recorded)

5. Cash Dr, $140

     To Service revenue $140

(Being Cash is recorded)

6. Accounts payable Dr, $700

       To Cash $700

(Being accounts payable is recorded)

7. Salaries and wages expenses Dr, $3,000

      To Cash $3,000

(Being Salaries and wages expenses is recorded)

b. The transaction of T accounts is shown below:-

                          Cash

Oct 1       $35,000        Oct 27     $700

Oct 10     $140               Oct 30     $3,000

Oct 31      $31,440

                        Accounts receivable

Oct 6        $10,000

Oct 31       $10,000

                           Equipment

Oct 3         $3,500

Oct 31        $3,500

                        Accounts payable

Oct 27       $700                Oct 3     $3,500

                                          Oct 31     $2,800

                       Common stock

                                          Oct 1      $35,000

                                          Oct 31     $35,000

                           Service revenue

                                         Oct 6       $10,000

                                         Oct 10      $140

                                         Oct 31       $10,140

                           Salaries and wages revenue

Oct 30     $3,000

Oct 31      $3,000

3 0
3 years ago
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