By setting a vision for the organisation, a leader can inspire and motivate others to work toward shared goals and objectives. Controlling entails determining if the organization's objectives are met by what really happens.
Creating a vision for the organisation and directing, educating, mentoring, and inspiring others to work productively to meet the organization's goals and objectives on schedule is what it means to LEAD.
In a learning organisation, what is vision?
An organization's vision is what it hopes to become and accomplish in the future. The Vision is crucial since it is intertwined with all other organisational strategy components.
A company's mission statement, goals, and aspirations are all outlined in a vision statement. The majority of vision statement writers find the process to be satisfying and motivating. It gives them the ability to describe the traits that affect the strategy of the firm.
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Answer:
Break-even point in units = 11 units
Explanation:
Given:
Rent per month = $150
Fixed charges per = $15
Variable cost = $5
Sale value = $20
Break-even point in units = ?
Computation of Contribution:
Contribution = Sale value - Variable cost
Contribution = $20 - $5
Contribution = $15
Computation of break-even point in units:
Break-even point in units = Fixed cost / Contribution
Break-even point in units = ($150 + $15) / $15
Break-even point in units = ($165) / $15
Break-even point in units = 11 units
Explanation:
Net purchases= Gross purchases- Returned inventory- Discount on purchases
= $10,300- $800- $360= $9,140
Ending inventory= Beginning inventory+ Net purchases- Cost of goods sold
Cost of goods sold= Beginning inventory+ Net purchases- Ending inventory
= $46,000+ $9,140- $34,500= $20,640
Answer:
see below
Explanation:
In this transaction, Rs. 700 is used to pay for rent that the proprietor uses for personal use. The transaction will be captured in the drawings account. A drawing account is used to track all the money owners take from a business for personal use. The amount taken to pay rent, Rs. 700 will be debited Drawings A/c.
The transaction will decrease cash ( asset account) by Rs. 700. A decrease in assets is credited. Therefore, the cash account will be credited by Rs.700
The journal entry will be
Drawings A/c Dr. Rs.700
Cash A/c. Cr Rs.700
