________ are relatively concrete formulations of achievements the organization is aiming for within set periods of time.
A. Visions
B. Goals
C. Missions
D. Value premises
Answer: B
You might also like to view...
Firewalls are
a. special materials used to insulate computer facilities b. a system that enforces access control between two networks c. special software used to screen Internet access d. none of the above
Ecuador, Algeria, and the United Arab Emirates are members of the ________
A) North American Free Trade Agreement B) Dominican Republic-Central America Free Trade Agreement C) Association of Southeast Asian Nations D) Organization of the Petroleum Exporting Countries
________ costs result from production of defective parts or services before delivery to the customer
Fill in the blanks with correct word
Lancaster Company provides services in the retail flooring industry. The following information is available for 20x5:*Twenty percent of the firm's services are for cash and the remaining 80% are on account. Of the credit services, 40% are collected in the month that the service is provided, with the remaining 60% collected in the following month.*Services provided in January are expected to total $250,000 and grow at the rate of 5% per month thereafter.*January's cash collections are expected to be $240,400, and month-end receivables are forecast at $120,000.*Monthly cash operating costs and depreciation during the first quarter of the year are approximated at $250,000 and $15,000, respectively.*Lancaster's December 31, 20x4 balance sheet revealed accounts payable balances
of $28,000. This amount is related to the company's operating costs and is expected to grow to $36,000 by the end of 20x5's first quarter. All operating costs are paid within 30 days of incurrence.*Company policy requires that a $20,000 minimum cash balance be maintained, and Lancaster's 20x4 year-end balance sheet showed that the firm was in compliance with policy by having cash of $23,000.Required: A. Determine the sales revenue earned that will appear on the income statement for the quarter ended March 31, 20x5.B. Compute the company's first-quarter cash collections.C. Compute the cash balance that would appear on the March 31, 20x5 balance sheet.D. What are some possible actions the company could pursue if, at any time during the quarter, it finds that the cash balance has fallen below the stated minimum? What will be an ideal response?