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LUCKY_DIMON [66]
4 years ago
6

An organization's _____ is defined as a more specific goal than the organization's purpose that unifies company-wide efforts, st

retches and challenges the organization, and possesses a finish line and a time frame.a. a single-use planb. mission statementc. strategic objectived. vision statement
Business
1 answer:
AVprozaik [17]4 years ago
7 0

<u>Answer:</u>

An organization's<u> mission statement </u>is defined as a more specific goal than the organization's purpose that unifies company-wide efforts, stretches and challenges the organization, and possesses a finish line and a time frame.a. a single-use plan b. mission statementc. strategic objectived. vision statement

<u>Explanation:</u>

The vision statement is a smaller, future-arranged revelation of the organization's purpose and desires. Together, mission and vision guide technique improvement, help impart the associations purpose to partners and advise the goals and objectives set to decide if the methodology is on track.

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On July 1, a company paid the $600 premium on a one-year insurance policy with benefits beginning on that date. What will be the
Schach [20]

Answer:

$300

Explanation:

When insurance is paid in advance, the entries required are

Debit Prepaid Insurance

Credit Cash account

As time elapses and the insurance expires,

Debit Insurance expense

Credit Prepaid Insurance

Amount of insurance expense as at 31 December (6 months between 1 July and 31 December)

= 6/12 * $600

= $300

The insurance expense on the annual income statement for the first year ended December 31 is $300.

8 0
3 years ago
The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .52 and a
SCORPION-xisa [38]

Answer:

$13286.84

Explanation:

Given that

Current ratio = 1.41

Current liabilities =2465

Firstly, we calculate for current assets.

Recall that,

Current ratio = current assets / current liabilities

That is,

1.41 = current assets / $2,465

Therefore,

Current assets = $2,465 × 1.41

Current assets = $3475.65

Following that

We find Net Income

Again, recall that

Profit margin = net income / Sales

Where

Profit margin = 0.09 or 9%

Sales = 10,675

0.09 = net income / $10,675

Net income = 0.09 × $10,675

Net income = 960.75

Next step is to find for return on equity

Recall that

ROE = net income / total equity

Where,

ROE was given as 0.14

We got net income as 960.75

Hence,

0.14 = 960.75 / total equity

Total equity = 960.75 / 0.14

Total equity = $6,862.5

Long term debt ratio = long term debt / (long term debt + total equity)

1 / 0.52 = 1 + long term debt / (total equity / long term debt)

0.923 = (total equity / long term debt)

$6,862.5 / long term debt = 0.923

long term debt = 7,434.99

Recall that

Total debt = Current liabilities + long term debt

Thus,

Total debt = $2,465 + $7,434.99

Total debt = 9,899.99

Total asset is given as: total debt + total equity,

Thus,

Total assets = $9,899.99 + $6,862.5

Total assets = 16,762.494

Finally,

Recall that,

Net fixed assets = total assets - current assets

Therefore,

Net fixed assets = 16,762.494 - $3475.65

Net fixed assets = $13286.84

3 0
3 years ago
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of
iVinArrow [24]

Answer:

$2500

Explanation:

Given: Total output(quantity)= 1000 units.

           average variable cost per unit= $3

           Average fixed cost per unit= $1.5

           Selling price per unit is $7

We know, Profit= Total\ revenue - Total\ cost

First, lets find out total cost

Total cost= Total\ fixed\ cost+ Total\ variable\ cost

Remember, cost= average\ cost\times quantity

Fixed\ cost= \textrm{average fixed cost per unit}\times quantity

Fixed\ cost= 1.5\times 1000= \$ 1500

Variable\ cost= \textrm{average variable cost per unit}\times quantity

Variable\ cost= \$ 3\times 1000= \$ 3000

∴ Total cost= 1500+ 3000= \$4500

Now, finding total revenue.

Total\ revenue= selling\ price\times quantity

Total\ revenue= \$ 7\times 1000= \$ 7000.

Profit= Total\ revenue - Total\ cost

∴ Total profit= \$ 7000-\$ 4500= \$2500

Total profit= $2500

8 0
3 years ago
The stockholders of a construction firm decide to start a steel company, but they want to have limited liability. After completi
Serga [27]

Answer:

Corporation

Explanation:

The stockholders of then firm want to start a Corporation ,

Corporation -

It is the group of people or an organisation , which is authorized by the state

as a single association .

The stockholders want to start a steel company , but have limited liability . Hence ,

They started the process after the completion of the plan , and payed the fees to the state government .

5 0
4 years ago
On October 1, Gala Corporation has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during
Troyanec [42]

Answer:

Units of Product XYZ must be produced during October are A) 1,400

Explanation:

Units of Product XYZ must be produced during October = Units of Product XYZ are sold during October + units of Product XYZ on hand October 31 - units of Product XYZ on hand October 1.

Gala Corporation has 300 units of Product XYZ on hand on October 1 and  500 units on hand October 31.

The company plans to sell 1,200 units of Product XYZ during October.

Units of Product XYZ must be produced during October = 1,200 + 500 - 300 = 1,400 units.

5 0
3 years ago
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