Answer:
b) mission statement
Explanation:
A mission statement is a formal description that captures all what a company is set out to do in achieving their vision. It is a brief summary of a company’s philosophy, goals and objectives.
A mission statement is what gives a clear direction to a business, as the purpose of a business is well clarified. A mission statement which answers the basic question of “Why does your business exist” helps in increasing employee engagement as well as ensuring the vision of the company is actualized.
The statement of Dell as highlighted in the question above is part of Dell’s mission statement, as it tells why the business exist.
Answer:
0.95
Explanation:
Given that,
Market demand for wheat: Q = 100 − 2p + 1pb + 2Y
price of wheat, p = $2
price of barley, pb = $3
Income, Y = $1000
Q = 100 − 2p + 1pb + 2Y
= 100 - (2 × 2) + (1 × 3) + (2 × 1,000)
= 100 - 4 + 3 + 2,000
= 2,099
Differentiating Q with respect to Y,
dQ/dY = 2
Income elasticity of wheat:
= (dQ/dY) × (Y ÷ Q)
= 2 × (1,000 ÷ 2,099)
= 0.95
Entry to close the income summary account at the end of the year:
At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:
Net income = Revenue – Expenses = 201,000-111,700 = $89,300
Hence the entry to close the income summary account at the end of the year shall be as follows;
Income Summary Debit $89,300
Retained earnings Credit $89,300
<span>The fact that Ramon funds small businesses that he believes have the potential to grow large and when these companies are still in their initial stages and need investment, he buys their stocks at a low price and later sells them at higher prices when they are successful means that Ramon is a venture capitalist. The term venture capitalist in economics describes a person who i</span>nvests in a business venture, providing capital for start-up or expansion.
Answer:
It is given that in an oligopolistic market, there are at first five firms. At the point when the quantity of fums diminishes to three, it implies that the all out yield will likewise decrease. It is on the grounds that, all the makers are delivering separated items. The inventory of merchandise won't increment in light of the fact that the makers would have expanded the creation before, if that was conceivable. Hence, the balance amount will fall and in view of decrease in amount, cost will increase.
Thus, equilibrium price will likely <u>increase</u> and the equilibrium quantity will likely <u>decrease.</u>
