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Helen [10]
3 years ago
7

The mission of a company lays out some desired future state and articulates that the company would like to achieve

Business
1 answer:
Nikolay [14]3 years ago
4 0

Answer:

False

Explanation:

It is the Vision Statement that "lays out an entity's desired future state and articulates that the company would like to achieve it."  On the other hand, the Mission Statement defines the company's business, its goals, and its strategy to achieve the goals.  Simply, the mission conveys the purpose and reason for an entity's existence.  A Vision Statement clearly describes the desired future state or position of the company.  The vision guides the organization to make decisions that align with its philosophy and declared goals, as stated in the Mission Statement.

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Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,900 units (solar panels) in July a
Wewaii [24]

Answer:

Overhead budget:

Variable overhead= 274,400

Fixed overhead= 180,000

Total overhead= $454,400

Explanation:

Giving the following information:

Production= 4,900 units

Each unit requires 5 hours of direct labor at a rate of $16 per hour.

Variable factory overhead is budgeted to be 70% of direct labor cost

Fixed factory overhead is $180,000 per month.

First, we need to determine the direct labor cost:

Direct labor cost= (4,900*5)*16= $392,000

Now, we can calculate the overhead budget:

Overhead budget:

Variable overhead= (0.7*392,000)= 274,400

Fixed overhead= 180,000

Total overhead= $454,400

7 0
3 years ago
A manufacturer of clothing apparel currently sells its products at Neiman Marcus and Dillard's. A new survey shows that a majori
GaryK [48]

Answer:

This manufacturer should have to take the option of dropping Dillard's and including Macy's and Saks Fifth Avenue.

Explanation:

When manufacturers produce, they do so for the sake of gains and profits. A larger market provides bigger profits compared to a smaller one.

This question tells us that this manufacturer has a greater number of customers looking to get there products at Neiman Marcus, Macy's, and Saks Fifth Avenue. So since these places would provide him a bigger market, so he should partner with these retail markets (Neiman Marcus, Macy's, and Saks Fifth Avenue) and drop the market with just few customers (dillards).

7 0
3 years ago
After the introductory period, all consumers who have this Platinum Card will...
Anna007 [38]

Answer:

Qualify for an A.P.R. based on their creditworthiness

Explanation:

After the introductory period is over you will be set a new APR

5 0
3 years ago
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin
son4ous [18]

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

6 0
3 years ago
Which sector is insurance in <br> 1. primary<br> 2. secondary<br> 3. tertiary
lana [24]
The answer is 3.Tertiary
3 0
3 years ago
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