{"id":89858,"date":"2022-08-22T10:33:25","date_gmt":"2022-08-22T10:33:25","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/q1-examine-with-suitable-examples-how-vision-and-mission\/"},"modified":"2022-08-22T10:33:25","modified_gmt":"2022-08-22T10:33:25","slug":"q1-examine-with-suitable-examples-how-vision-and-mission","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/q1-examine-with-suitable-examples-how-vision-and-mission\/","title":{"rendered":"Q1. examine with suitable examples, how \u201cvision and mission"},"content":{"rendered":"
\n

\u00a0<\/p>\n

Q1.<\/strong> Examine with suitable examples, how \u201cVision and Mission<\/strong> statement\u201d<\/strong> influence<\/strong> the organization\u2019s decision making process?<\/strong> Also provide vision and mission statement of any two Saudi companies.<\/strong><\/p>\n

Answer:<\/strong><\/p>\n

Q2. The following data has been taken from the records of ABC Company<\/strong> for the year 2015:<\/strong><\/p>\n

Month<\/strong><\/p>\n

Units Produced<\/strong><\/p>\n

Total Cost (SAR)<\/strong><\/p>\n

January<\/p>\n

3,500<\/p>\n

35,500<\/p>\n

February<\/p>\n

3,750<\/p>\n

35,750<\/p>\n

March<\/p>\n

4,000<\/p>\n

36,000<\/p>\n

April<\/p>\n

4,250<\/p>\n

36,250<\/p>\n

May<\/p>\n

4,500<\/p>\n

38,000<\/p>\n

June<\/p>\n

4,750<\/p>\n

43,000<\/p>\n

July<\/p>\n

2,750<\/p>\n

32,000<\/p>\n

August<\/p>\n

3,250<\/p>\n

32,500<\/p>\n

Required:<\/strong><\/p>\n

Using the high-low method of analysis,<\/strong> find out variable cost, fixed cost and<\/strong> determine a cost function.<\/strong><\/p>\n

Answer:<\/strong><\/p>\n

Q3. MNM<\/strong> Corporation<\/strong> provides you<\/strong> the<\/strong> following accounting information related with<\/strong> a particular product:<\/strong><\/p>\n

Particulars<\/strong><\/p>\n

Amount (SAR)<\/strong><\/p>\n

Selling price per unit<\/p>\n

500<\/p>\n

Variable cost per unit<\/p>\n

200<\/p>\n

Total fixed cost<\/p>\n

240,000<\/p>\n

Use cost volume profit analysis to answer the following questions:<\/strong><\/p>\n

    \n
  1. Determine the break-even point in units?<\/strong><\/li>\n
  2. Determine the break-even point in sales value<\/strong> SAR?<\/strong><\/li>\n
  3. What will be the pretax profit if company sells 1,200<\/strong> units of the product?<\/strong><\/li>\n
  4. How many units<\/strong> the company will be required to<\/strong> sell to reach a target pretax profit of SAR<\/strong> 150,000?<\/strong><\/li>\n<\/ol>\n

    Answer:<\/strong><\/p>\n

    Q4.<\/strong> X Ltd. makes metal products<\/strong> and sells a metal product for SAR<\/strong> 150 per units.<\/strong> The company\u2019s variable cost is SAR<\/strong> 35 per units and total fixed cost are<\/strong> SAR<\/strong> 51,750. The company\u2019s estimated next year budgeted sales are<\/strong> 1,500 units. You are required to calculate:<\/strong><\/p>\n

      \n
    1. Degree of operating leverage<\/li>\n
    2. Margin of safety in units<\/li>\n
    3. Margin of safety in SAR value<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      \u00a0 Q1. Examine with suitable examples, how \u201cVision and Mission statement\u201d influence the organization\u2019s decision making process? Also provide vision and mission statement of any two Saudi companies. Answer: Q2. The following data has been taken from the records of ABC Company for the year 2015: Month Units Produced Total Cost (SAR) January 3,500 35,500 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-89858","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/89858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=89858"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/89858\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=89858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=89858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=89858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}