The plan initiated by Sheng can be best categorized as a vision statement based on the plans he wants to implement in his business.
<h3>What is Vision Statement?</h3>
This refers to the statement which contains the goals and objectives of which an organization wants to achieve in a given time period.
With this in mind, we can see that Mr Sheng is making use of vision statement by the plans he is making on how to implement his business and also to hire a marketing team to establish his business.
Read more about vision statement here:
brainly.com/question/4269555
Answer:
estimated inventory is $395000
C is correct option
Explanation:
given data
Inventory = $300000
sales = $1300000
purchases = $875000
gross profit = 40%
to find out
estimated inventory
solution
we find estimated inventory by this formula
estimated inventory = Inventory + purchases - (100% - 40%)sale
put here all value
estimated inventory = 300000 + 875000 - (100% - 40%)1300000
estimated inventory = 300000 + 875000 - 780000
estimated inventory = 395000
so estimated inventory is $395000
C is correct option
Answer: Function
Explanation:
The Morgan Company have put in place departmentalization by function, where seperate departments/units are formed in the organisation based on the function they perform. The departmentalization by function ensures each department of an organization is focused on a certain role, with each department of the organization Performing their role in such a way that the organizations objectives are met.
(D) In order to prevent your account from going under zero you must remember what you spent your money on.
Nowadays you can check your bank accounts balance on your phone so you can see how much you spent.
