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LiRa [457]
3 years ago
6

Which of the following statement is incorrect about the​ mission? A. The mission statement provides boundaries and focus for org

anizations. B. The mission states the rationale for the​ organization's existence. C. The mission statement provides the concept around which the firm can rally. D. Each functional area within the firm may develop its own​ strategy, but not its own supporting mission.
Business
1 answer:
34kurt3 years ago
7 0

Answer: OPTION E

Explanation: Mission refers to the ultimate goal that a business organisation has. It is the end point towards which all the procedures and activities of the business is to be carried out.

It is the future determining factor of a business. In nowadays the business is operating at a very high level with different functional area. These areas have different activities to perform and are useful in different ways by the organisation.

Thus, every functional area could have its different mission to complete.

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Individuals have to choose whether to save or invest since it is not recommended to do both
Kisachek [45]
False. Investing is sometimes considered a form of saving money people use other than savings accounts

7 0
3 years ago
Read 2 more answers
Electrodo Co. purchased land for $55,000 with $20,000 paid in cash and $35,000 in notes payable. What effect does this transacti
Archy [21]

Answer:

(c). Net increase in assets of $35,000 and a net increase in liabilities of $35,000

Explanation:

Accrual basis of accounting attempts to record transactions as and when they arise and not on the basis of  when money is actually received or paid. Once a liability is certain, such a liability is provided for immediately.

The journal entry for purchase of Land partly by cash and partly for issuing a notes payable would be:

Land                                                  Dr. $55,000

     To Cash                                                          $20,000

     To Notes Payable                                           $35,000

(Being land purchased by payment of $20,000 in cash and a note being issued against the balance amount)

Land and cash are assets whereas Notes Payable is a liability.

So, the effect of the above transaction would be:

Net increase of $35,000 ( $ 55,000 - $ 20,000) as debit in fixed assets account increases their balance whereas cash being a real account, the rule being debit what comes in, credit what goes out. So credit in cash account would reduce the cash balance by $ 20,000.

Notes Payable account which is to be paid in future is a liability which shall increase the liabilities by $ 35,000.

So, the correct answer is (c), Net increase in assets of $35,000 and a net increase in liabilities of $35,000.  

5 0
3 years ago
Your corporation has a marginal tax rate of 35% and has purchased preferred stock in another company. The before-tax dividend yi
Leni [432]

Answer:

5.37%

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the company’s after tax return on preferred by using following formula:-

Company’s After Tax Return = Before Tax Dividend Yield Rate on Preferred Stock × [1 - (1 - Dividend Exclusive) × (Tax Rate)]

= 6% × [1 - (1 - 70%) × (35%)]

= 0.06 × [1 - (1 - 0.70) × (0.35)]

= 0.06 × [1 - (0.30) × (0.35)]

= 0.06 × (1 - 0.105)

= 0.0537

= 5.37%

We simply applied the above formula to determine the company after tax return

8 0
2 years ago
5. Almost 30% of drivers between the ages of 15 and 20 who were killed in a motor vehicle crashes had been drinking. A. True B.
Vladimir [108]
I believe the answer is true
4 0
3 years ago
If you fail to provide proof of insurance, your drivers license and license plates will be suspended for up to ______
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It will suspended up to 5 to 10 or years.
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