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3 years ago

Role o vision, mission,and objectives in entreprenial development in Nigeria businesses? Pls describe

Business

1 answer:

-Dominant- [34]3 years ago

3 0

Answer:

Developing a vision and mission statement is crucial to the success of community initiatives. These statements explain your group's aspirations in a concise manner, help your organization focus on what is really important, and provide a basis for developing other aspects of your strategic plan

Explanation:

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Department S had no work in process at the beginning of the period. 13,934 units of direct materials were added during the perio

love history [14]

Answer:

Option (B) is correct.

Explanation:

Equivalent units of production(EUP) - Materials:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 100%

= 10,451 + 3,483

= 13,934

Equivalent units of production(EUP) - conversion:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 36%

= 10,451 + 1,253.88

= 11,704.88

Material cost = $\frac{Cost\ of\ direct\ material}{EUP\ material}\times units\ transferred\ out$

Material cost = $\frac{97,538}{13,934}\times 10,451$

= 73,157

Conversion cost = $\frac{Direct labor+overhead}{EUP\ conversion}\times units\ transferred\ out$

Conversion cost = $\frac{51,257+8,903}{11,705}\times 10,451$

Conversion cost = $\frac{60,160}{11,705}\times 10,451$

= 53,715

Therefore,

Total cost of units completed during the period(10,451 units):

= Material cost + Conversion cost

= 73,157 + 53,715

= 126,872

5 0

3 years ago

Integrated marketing communications (IMC): Group of answer choices is typically overseen by a marketing communications director

makvit [3.9K]

Integrated marketing communications (IMC): "Refers to the coordination of all promotional activities to produce a unified, customer-focused promotional message."

<h3>What is Integrated marketing communications (IMC)?</h3>

IMC is described as "a planning process meant to ensure that all brand contacts for a product, service, or organisation received by a consumer or prospect are relevant to that person and consistent across time" by the American Marketing Association.

The importance of IMC are-

To effectively deliver a single message to both potential and current end users, integrated marketing communication helps integrate all key marketing components.
At a low cost, integrated marketing communication can significantly increase consumer brand recognition.
Any marketing initiative that employs many channels is considered integrated marketing. For instance, you might see a commercial for a popular new doughnut flavour, then drive by the donut store and see posters of the donut.

To know more about integrated marketing communications (IMC), here

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6 0

2 years ago

Described below are certain transactions of Pina Corporation. The company uses the periodic inventory system. 1. On February 2,

nadya68 [22]

Answer:

Question: From the details given, make all the journal entries necessary to record the transactions above using appropriate dates.

Pina Corporation

Journal Entries

Date Details Debit Credit

$ $

February 2 Purchases 62,034

Accounts Payable 62,034

Being credit purchase of goods at discount of 2%

February 26 Accounts Payable 62,034

Purchase - Discount 1,266

Cash 63,300

Being payment made for goods purchased

April 1 Vehicle 52,000

Cash 3,000

10% 1-year Note payable 49,000

Being purchase of vehicle by part cash, part note-payable

May 1 Cash 82,900

Note Payable - Discount 9,600

1-year Note payable 92,500

Being borrowing from bank

August 1 Dividend 280,000

Dividend Payable 280,000

Being dividend declared, not yet paid

September 10 Dividend Payable 280,000

Cash 280,000

Being cash payment of dividend

Explanation:

a) 2/10, n/30 means that the buyer is to pay within 30 days but is entitled to 2% discount if the purchase is paid for in 10 days. Since Pina records at net amounts after cash discount

To record this purchase = 63,300 * 0.02 = 1,266

= 63,300 - 1266 = $62,034

b) Since payment was made on 26th, it means the 10 day discount was not utilized hence Pina pays full price for the goods

3 0

3 years ago

The payments a business makes for investing in capital expenses are known as Question 3 options: A) profits B) interest C) wages

rewona [7]

The answer for this question is A.

4 0

3 years ago

Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery an

gulaghasi [49]

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

4 0

3 years ago