Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
<em></em>
Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
<em></em>
Answer:
If the company buys the component, income will decrease by $225,000.
Explanation:
Giving the following information:
Units= 40,000
The manufacturing cost:
Direct materials $ 75,000
Direct labor 120,000
Variable overhead 45,000
An outside supplier has offered to sell the component for $12.75.
Vest Industries can rent its unused manufacturing facilities for $45,000.
We will take into account only the differential costs.
<u>Make in -house:</u>
Total cost= 75,000 + 120,000 + 45,000= $240,000
<u>Buy:</u>
Total cost= 40,000*12.75 - 45,000= $465,000
If the company buys the component, income will decrease by $225,000.
Answer:
9.5%
Explanation:
The formula to compute the cost of common equity under the DCF method is shown below:
= Current year dividend ÷ price + Growth rate
In first case,
The current dividend would be
= Last year dividend + last year dividend × growth rate
= $0.80 + $0.80 × 8%
= $0.80 + $0.064
= $0.864
The other things would remain the same
So, the cost of common equity would be
= $0.864 ÷ $57.50 + 8%
= 0.015026 + 0.08
= 9.5%
If you are alone in heavy expressway traffic at rush hour, use the middle lane to avoid vehicles constantly entering and exiting your path. If the lanes are three wide, using the middle lane allows you to move easily in either direction. If the road only has two lanes, it’s best to be in the left lane to avoid in coming traffic.
Answer:
a. It is an output of the Validate Scope process.
Explanation:
We can define project scope statement as a tool which is used to manifest the main deliverables of project which includes the major milestones, all requirements, constraints and assumptions. It describes, in detail, the project’s deliverables and the work required to create those deliverables. It also provides a common understanding of the project scope among project stakeholders. It may contain explicit scope exclusions that can assist in managing stakeholder expectations. It is an output or the result of scope process not the validate scope process, therefore, all other options are correct while option "a" is not true.
