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3 years ago

Which of the following statements is true of a mission statement?

2 answers:

5 0

The following statements is true of a mission statement:
e. A well-developed mission statement, no matter what the industry or size of business, will answer five basic questions.
d. A mission statement seeks to answer the question: "Why should you finance our business?"
c. A good mission statement is a complex, detailed statement that explains how the organization will contribute to its specific industry.

drek231 [11]3 years ago

3 0

Answer:

Letter a is correct. A well-developed mission statement should answer every possible question the company's customers could have about its processes and products.

Explanation:

The organizational mission statement reflects the company's core purpose, through which it is possible to analyze the corporate identity and the goals and objectives it intends to achieve, as well as to realize the benefits and added value that the organization intends to convey to its stakeholders. To be effective, it must contain statements that are capable of directing business strategy and assisting in the decision making process.

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What is 4 P's in entrepreneur

leva [86]

Answer:

passion, persistence, perseverance, and preparation

Explanation:

6 0

3 years ago

The 7 percent preferred stock of Midwest Muffler and Towing is selling for $65 per share. What is the firm's cost of preferred s

Luda [366]

Answer:

e. 10.77 percent

Explanation:

The computation of the cost of preferred stock is shown below:

Cost of preferred stock = Annual dividend paid ÷ Price of preferred stock per share

= 0.07 × $100 ÷ $65

= 10.77%

Simply we divide the annual dividend after considering the par value per share by the price of preferred stock per share so that the correct cost of preferred stock can be computed

3 0

3 years ago

The slogan of Nature's Source Products is "Loving the Planet." This is more than just an advertising message. The company hires

mylen [45]

Answer: A. Brand alignment

Explanation:

Brand alignment simply means when a company ensures that the brand's promise is being uphold through its marketing assets and the way the company interacts with the customers.

Brand alignment is a way of making sure that the brand's promise are delivered and met. Since the slogan of Nature's Source Products is "Loving the Planet." and the company employs people who are committed to sustainability and enjoyment of nature, it implies that the company is using brand alignment.

3 0

3 years ago

Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimat

Zarrin [17]

Answer:

Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores.

total monthly sales should decrease from $1,800,000 to $1,380,000 = a $420,000 reduction

b. The monthly responsibility margin of Stores 1 and 2.

store 1 responsibility margin increased from 10% to 12.55% (2.55% increase)
store 2 responsibility margin increased from 9% to 13.69% (4.69% increase)

c. The company’s monthly income from operations.

increased from $72,000 to $140,200 ($70,200 increase)

Explanation:

Store Store Total

1 2

Sales $660,000 $720,000 $1,380,000

Variable costs $409,200 $453,600 $862,800

Contribution margin $250,800 $266,400 $517,200

Controllable fixed costs $120,000 $102,000 $222,000

Performance margin $130,800 $164,600 $292,200

Committed fixed costs $48,000 $66,000 $114,000

Store responsibility margin $82,800 $98,600 $178,200

Common fixed costs $38,000

Income from operations $140,200

4 0

3 years ago

Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.

Scilla [17]

Answer:

D. $3240000.

Explanation:

Particulars Amount ($) Amount ($)

Direct materials used 1,880,000

Direct Labor 760,000

Manufacturing Overheads

Factory Utilities 150,000

Indirect Labor 50,000

Factory Depreciation 400,000 600,000

Total Manufacturing cost $3,240,000

6 0

2 years ago