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liberstina [14]
2 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]2 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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Consider the following three decisions that an organization could be faced with:
JulijaS [17]

Answer:

The correct answer is II. Deciding between Singapore, London or Buffalo as the location for the construction of a new manufacturing facility.

Explanation:

Strategic Planning is a management tool that allows you to establish the task and the path that organizations must travel to achieve the planned goals, taking into account the changes and demands that their environment imposes. In this sense, it is a fundamental tool for decision making within any organization. Thus, Strategic Planning is an exercise in the formulation and establishment of objectives and, especially, in the action plans that will lead to achieving these objectives.

7 0
2 years ago
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage c
Len [333]

Answer:

Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>

Explanation:

Purchases excluding freight  $3,000

Less:Goods returned           -$300

Add:freight charges           $100

Net Purchases                 $2,800

Less:Discount on payment($2,800*2%)  -$56

Net cash paid                         $2,844

 

6 0
2 years ago
Kathy wants to buy a condominium selling for ​$95 comma 000. The taxes on the property are ​$1500 per​ year, and​ homeowners' in
kumpel [21]

Answer:

Check the answers below!

Explanation:

There is just one question despite the exercise requires completition of 7 additional numerals.

a. Required down payment  = Price of the condominium * interest rate required by the bank.

$95.000 * 20% =  $19.000

b. 28% of adjusted monthly income is:

(5000-145)*28%=

1359.4

c. Monthly payments of principal and interest for a​ 25-year loan.

Using PV of ordinary annuity formula,

with PV of the bank loan =96000*80%=76800

d.Total monthly payment=

671+((346+1400)/12)=

817

e.YES---- 817 < 1359.4

​f. Amt. of First payment on the loan applied to the principal:

671-(76800*0.00792)=

62.74

ie.$ 63

​g.Total amount she pays for the condominium with a​ 25-year conventional loan(without including taxes &​ homeowners' insurance)

671*12 mths. *25 yrs. =

201300

​h) So, Total interest paid for the​ 25-year loan:

201300-76800=

124500

No.of periods=25*12=300

at monthly interest of 9.5%/12=

76800=Pmt.*(1-1.00792^-300)/0.00792

Solving the above, we get the monthly payment as 671

5 0
2 years ago
Beckham Broadcasting Company (BBC) has operating income (EBIT) of $2,500,000. The company's depreciation expense is $500,000 and
Neko [114]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Operating Income (EBIT) = $2,500,000

Depreciation Expense =$500,000

Tax rate = 40%

Net investment = $1,000,000

So, we can calculate the BBC's free cash flow by using following formula:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization  - Net investment

Now put these values to the above formula  

So, the value would equal to  

= $2,500,000 × ( 1 - 40%) + $500,000  - $1,000,000

= $1,500,000 + $500,000 - $1,000,000

= $1,000,000

4 0
2 years ago
hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive
pav-90 [236]

Answer: Employee separation

Explanation:

From the question, we are informed that Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, and that his manager asked him to resign.

In the context of human resource planning, this scenario best illustrates employee separation. Employee separation has to do with situation whereby the services of an employee is no longer needed by an organization.

7 0
2 years ago
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