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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.

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The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referre
MakcuM [25]

Answer: Corporate Cultural Responsibility.

Explanation:

The corporate cultural responsibility of a company are the standards members of the society have come to expect from the company based on the previous ways their members of staff have been seen to operate. Corporate Cultural responsibility can be seen in staff dress-code and work style.

6 0
3 years ago
Name 2 advantages and 2 disadvantages of opening a franchise.
deff fn [24]

Answer:

two advantages are having your own buisness and being able to make money, and doing what you love (or like)

two disadvantages are the cost of owning a buisness, and a building to have it in.

Explanation:

5 0
3 years ago
Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati
iragen [17]

Answer:

equipment    3,700

Explanation:

First we calcualte the values of the machine given up:

<u>traded-out assets</u>

purchased  23000

depreciation <u>20,000 </u>

book value   3,000

fair value   5,000

gain on disposal   2,000

This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.

Value given up forthe new equipment:

cash                   700

traded-out        <u>5,000 </u>

total value         5,700

We subtract the deffered gain on disposal to get the accounting value for the new equipment:

deferred gain       (2,000)

accounting value 3,700

The machine will enter the accounting with 3,700

journal entry

equipment    3,700

acc del        20,000

   equipment            23,000

  cash                             700

3 0
4 years ago
The separation of the ownership of the firm from the control of the firm leads to: ____________
murzikaleks [220]

Answer:

D. Equity financing

Explanation:

Hope this helps!

3 0
3 years ago
- What is the conventional wisdom when it comes to what good debt is vs. bad debt?
Ede4ka [16]

good debt is for buying assets : things that will be worth more in the future

bad debt is for buying liabilities : things that will be worth less in the future

6 0
3 years ago
Read 2 more answers
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