1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liberstina [14]
3 years ago
13

During a management meeting, Lester, the CEO of Elite Office Equipment, reminded his management team of where the company wants

to go as an organization: "Elite Office Equipment is the expert that customers should always call regarding all their office equipment needs because we strive to understand customer needs and provide the right answers for them." This statement is Top Office Equipment's _______.
Business
1 answer:
REY [17]3 years ago
7 0

Answer: Vision statement

Explanation:

Vision statement is referred to as or known as an organization's road map, which tends to indicate what the organization believes to become and achieve by putting forth a well defined direction and route for the organization's growth. These statements usually undergo the minimal revisions throughout the lifetime of an organization, unlike the operational goals that might be revised on yearly basis.

You might be interested in
Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entrie below, ide
Virty [35]

Answer and Explanation:

According to the given situation, the income statement and balance sheet as per parts is shown below:-

                        <u>Accounts               Account Title       Financial statements  </u>

<u>For Part A</u>

Debit           Accounts receivable       Liability account      Balance sheet

Credit            Consulting service       Income statement

                        revenue

<u>For Part B</u>

Debit           Interest receivable          Liability account    Balance sheet

Credit            Interest revenue           Income statement

                         

<u>For Part C</u>

Debit           Accounts receivable    Assets account        Balance sheet

Credit            Service Revenue      Income statement

<u>For Part D</u>

Debit           Janitorial expense    Income statement

Credit           Janitorial expense   Liability account        Balance sheet

                         Payable

<u>For Part E</u>

Debit           Rent expenses          Income statement      

Credit          Rent expenses           Liability account        Balance sheet

                     payable

8 0
4 years ago
On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,600. The ending i
Lyrx [107]

Answer:

a. An additional layer of $12,760 is added to the 12/31/2021 balance.

Explanation:

The computation of the inventory balance is given below:

2021 Base year cost is

=  $131,040 ÷ 1.05

= $124,800

Additional layer is

= $124,800 - $101,600

= $23,200

2022 Base year cost is

= $150,040 ÷ 1.10

= $136,400

Additional layer is

= ($136,400 - $124,800 ) × 1.10

= $11,600  1.10

= $12,760

Therefore the first option is correct

3 0
3 years ago
Which of the following is most likely a true statement about social class?
tekilochka [14]

Answer:

3) Social classes show distinct product preferences in areas such as clothing.

Explanation:

Individuals that belong to the same social class exhibit similar buying patterns, which are different than those exhibited by people belonging to other social classes.

Social class is defined by an individual's economic status and his/her social hierarchy which is based on social esteem, prestige and success. The main factor in determining the social class of an individual is wealth, but not all the people that possess a similar amount of wealth belong to the same social class.

American society is generally divided into 5 social classes: upper, upper-middle, middle, working and lower. Generally the people belonging to the upper social class possess large inherited wealth (old money), while new rich people belong to the upper-middle class even though they might have even more money.

7 0
3 years ago
At the end of the current accounting​ period, account balances were as​ follows: Cash, $26,000​; Accounts​ Receivable, $42,000​;
Georgia [21]

Answer: Liabilities =$38,000

Explanation: An asset whether tangible or intangible is a source of value to a company examples are Cash, investments, accounts receivables etc

Liabilities are referred to the debts owed to a company or buisness at a particular period eg bank debts, tax owed, wages owed etc.

Equity is the measure of value of a company"s asset eg  Common stock, retained earnings, , preferred stock etc.

The three above are related using the equation below

Assets = Liabilities + Equity.

Total Liabilities = Assets - Equity

Total asset = Cash + Account receivables = 26,000+42,000=68,000

Total equity = Common stock + retained earnings = 18,000+12000=30,000

Total liabilities =Total asset -total equity

= 68,000-30,000

= $38,000

3 0
3 years ago
If a bushel of wheat costs $6.40 in the US and costs 40 pesos in Mexico and the nominal exchange rate is 10 pesos per dollar, th
Akimi4 [234]

Answer:

a. Import more bushels of wheat from Mexico

Explanation:

When the real exchange rate is higher than one, a country is likely to import more, since goods are cheaper in the other country than locally. In this example, a bushel of wheat, in the US, costs $6.40, while in Mexico, the same product costs:

P=40\ pesos *\frac{\$1}{10\ pesos}\\ P=\$4

Therefore, the US will Import more bushels of wheat from Mexico.

4 0
3 years ago
Other questions:
  • A zero coupon bond: is sold at a large premium. can only be issued by the U.S. Treasury. has a market price that is computed usi
    6·1 answer
  • Maris Bothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given below, and
    5·1 answer
  • Define Justice as it relates to Business
    9·1 answer
  • Nash's Trading Post, LLC purchased equipment for $1330 cash. As a result of this event, equity decreased by $1330. assets increa
    5·1 answer
  • Ways in which businesses can contribute time and effort to advance the well-being of others in a business context In refreshing
    13·1 answer
  • Which scenario might have taken place at a southern state polling center in the wake of the Fifteenth Amendment being ratified ?
    6·2 answers
  • Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of go
    6·1 answer
  • Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $6
    8·1 answer
  • 1. Pinahalagahan nang wasto at maayos ang mga produktong panunda
    7·1 answer
  • In a climatological sense, dryness is a function of both annual rainfall and ________.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!