Answer: The primary purpose of a mission statement is to state the reason for the existence of the business. The correct answer is D.
Explanation:
A mission statement is an important part of a businesses values. Every company should have a mission statement for their employees and their customers. The mission statement should be positive and set achievable goals for the future of the business. In the statement, a description of the location of the business should be included. The statement can include what types of customers are wanted and needed for the business to thrive.
Answer:
10.94 %
Explanation:
Calculation for the firm's cost of preferred stock
Using this formula
Preferred stock =Annual dividend /Sales amount of annual dividend per Shares
Let plug in the formula
Preferred stock = $5.25/$48
Preferred stock =0.1094 *100
Preferred stock= 10.94%
Therefore the firm's cost of preferred stock will be 10.94%
Answer:
Answer is option b, i.e. help their followers overcome obstacles to achieve their goals.
Explanation:
According to Northouse's text, the person who helps his/her followers to overcome the obstacle that one encounters while moving on the path towards his/her goals and also helps his/her followers to achieve their goals is considered to be a good leader.
Answer:
<u>$289,000</u>
Explanation:
The journal entry for sale of investment for profit is:
Bank A/C Dr.
To Investments A/C
To Gain on sale of investments
(Being investments sold and profit realized being recorded)
Purchase of Investments during the year = Investments closing balance + Amount of investments sold - Investments opening balance - Gain on sale of investments
Investments purchased during the year = $1,200,000 + 80,000 - 965,000 - 26000
Investments purchased during the year = $289,000
Investments account is an asset account. A debit to such an account increases it's balance and a credit reduces it's balance.
Treatment and enforcement. There is a quizlet on it, just copy and past this question on google and it's the first that pops up.