What is the primary purpose of a mission statement?

It's important for business owners to develop values and a philosophy of doing business. These viewpoints will be expressed in y

sasho [114]

The answer is mission statement which is letter a. It defines the company's business, its objectives and its approach to reach those goals in the future which is written in the vision statement. Elements of Mission and Vision Statements are often put together to provide a statement of the company's purposes, goals and values.

8 0

4 years ago

Read 2 more answers

He Silver Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Departme

Troyanec [42]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Dept.A Dept.B

Direct labor cost $ 63,000 $ 40,000

Manufacturing overhead $ 80,010 $ 68,450

Machine-hours 4,700 18,500

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Departement A:

Estimated manufacturing overhead rate= 80,100/63,000= $1.127 per direct labor cost

In % terms= 127% of direct labor cost.

Department B:

Estimated manufacturing overhead rate= 68,450/18,500= $3.7 per machine hours

3 0

3 years ago

Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $2

Andrews [41]

Answer:

Explanation:

The accounting equation is presented below:

Particulars Assets = Liabilities = Stockholders equity

Cash Supplies Account payable Retained earnings

1. Service

Performed $20,000 $20,000

2. Supplies

Purchased $4,000 $4,000

3. Supplies

Used -$3,000 -$3,000

Total $20,000 $1,000 $4,000 $17,000

6 0

4 years ago

What roles do campaign managers, pollsters, media consultants, and volunteers play?

belka [17]

<span>Components of successful political campaign - 1) Right political environment and its analysis 2) Targeting the right segments 3) Right Campaign messages like development, overall strategy 4) Grassroots plan 5) Right Budget spending plan Political campaigns are organized putting together a dedicated team of volunteers, politicians and managers who will oversee and manage the campaign. The next step is to frame the entire campaign, including the pitches, messages etc. Then organize a campaign at a venue. A candidate must devise a campaign plan right in the beginning when he is planning to campaign and the time for campaign has come near. The candidate needs to make sure that the campaign runs for a good amount of time for the most number of people to know about it. Managers - Oversee the daily operations of the campaign pollsters - Generally from media who organizes opinion polls media consultants - Media consultants are consultants who work the political party to help them get maximum media coverage Volunteers - Volunteers are people who see potential and belief in the cause of the party and volunteer to work for them</span>

4 0

3 years ago

Rush Corp. has outstanding accounts receivable totaling $500,000 as of December 31 and sales during the year of $250,000. There

Dominik [7]

Answer:

$20,000

Explanation:

Calculation for what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense

Using this formula

Balance in the allowance for doubtful accounts=

(Outstanding Accounts Receivable

* Percentage uncollectible)- Eebit balance of in the allowance for uncollectible accounts.

Let plug in the formula

Balance in the allowance for doubtful accounts=($500,000*8%)-$20,000

Balance in the allowance for doubtful accounts=$40,000-$20,000

Balance in the allowance for doubtful accounts=$20,000

Therefore the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $20,000

8 0

3 years ago