Answer: Joint process
Explanation:
Joint products result when the same raw resource is processed so Joint process refers to the process by which two (or even more) products are obtained by refining one ore.
The processing of oil for instance results in the production of kerosene, gasoline, bitumen, airplane fuel and even petroleum jelly so all those products are joint products.
Joint products result when the same raw material is processed, so Joint Process refers to the process by which two (or more) products are obtained by refining one ore.
What do you mean by Joint Product?A joint product can be the result of a process with fixed or variable dimensions. A joint product is a product that results in collaboration with other products in the processing of the same input; this common process is also called joint production.
The processing of oil for example results in the production of kerosene, gasoline, bitumen, airplane fuel, and even petroleum jelly so all of these products are joint products.
Hence, Joint Process is the correct choice.
To learn more about Joint Product, refer:
https://brainly.com/question/15075246
You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 miles/gallon of fuel. The second is European-made, costs $4.9100 x 104, and travels 19.0 km/liter of fuel. If fuel costs $3.00/gallon, and other maintenance costs for the two vehicles are identical, how many miles must each vehicle travel in its lifetime for the total costs (puchase cost fuel cost) to be equivalent
Answer:
Both cars(American and European) must travel 8,060 kilo metres each during their lifetime for the total cost(purchase cost + fuel equivalent) to be equivalent
Explanation:
With regards to the above, the cost equation for both cars will be equated together.
Furthermore, we will convert gallons into litres while also converting miles into kilometers.
Since 1 gallon has 3.785 litres; 1 mile also has 1.609 kilo metre, hence milage of the first car in kilo metre per litre would be ;
Milage American made = [ 28 miles × 1.609 ] / 3.785
= 11.90 kilo meter per litres.
Cost of Gas per litre = $3 per gallon / 3.785
= 0.79 per litre
Gas cost per kilo metre(American made) = 0.79 per litre / 11.90
= 0.066 per km
Gas cost per kilo metre(European made) = 0.79 per litre / 19.0
= 0.042 per km
We can sum up the equation of first car which is American made( Purchase price + Fuel cost)
We can make a be the number of kilo metres where total cost for both cars would be equal.
Total cost = 317.2 + 0.066a
Also, the total cost equation - purchase price + fuel cost of European car is represented as;
Total cost = 510.64 + 0.042a
317.2 + 0.066a = 510.64 + 0.042a
Collect like terms
0.066a - 0.042a = 510.64 - 317.2
0.024a = 193.44
a = 8,060 kilo metres
Therefore, both cars(American and European) must travel each 8,060 kilo metres in their life time for the total costs( purchase cost + fuel cost) to be equivalent.
Real options analysis is appropriate to use when __________________; a ________________ investment up front can be followed by subsequent investments.
Answer:
1. investments can be staged;
2. smaller
Explanation:
Real Option is a term that describes a form of investment tool, which is utilized to assess and analyze the delicate risks involved when it comes to starting a new business venture.
Hence, Real options analysis is appropriate to use when INVESTMENT CAN BE STAGED; a SMALLER investment upfront can be followed by subsequent investments.
What is the process of applying safeguards to avoid a negative impact? risk mitigation risk transfer risk analysis risk avoidance
Answer: risk avoidance
Explanation:
Risk avoidance is simply defined as the process by which safeguards are applied in order to avoid a negative impact. It should be noted that a risk avoidance strategy helps to eliminate all risk and organizations apply safeguards to both potential threats and vulnerabilities.
Risk avoidance helps to remove hazards, and the activities that'll have a negative impact on the business.
Suppose that Second Republic Bank currently has $100,000 in demand deposits and $70,000 in outstanding loans. The Federal Reserve has set the reserve requirement at 20%. Please calculate Second Republic Bank's:_________.(a) reserves(b) required reserves(c) excess reserves
Answer:
$30,000
$20,000
$10,000
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
$100,000 - $70,000 = $30,000
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.2 x $100,000 = $20,000
Excess reserves is the difference between reserves and required reserves
$30,000 - $20,000 = $10,000
In fund A, $100,000 accumulates at an annual nominal rate of interest j compounded semiannually to $130,666.52 in 4 years. In fund B, $100,000 accumulates at an annual nominal rate of discount k compounded quarterly to $154,531.82 in 5 years. In fund C, $100,000 accumulates at an annual effective rate of interest j in year one and an annual effective rate of interest k in year 2. What is the balance in fund C at the end of year 2?
Answer:
at the end of year 2, the balance of fund C = $116,639.23
Explanation:
to determine the nominal semiannual interest rate j we can use the future value formula:
$130,666.52 = $100,000 x (1 + j)⁸
(1 + j)⁸ = $130,666.52 / $100,000 = 1.3066652
⁸√(1 + j)⁸ = ⁸√1.3066652
1 + j = 1.034000004
j = 0.034000004
effective annual interest j = (1 + 0.034000004)² - 1 = 0.069156 = 6.9156%
to determine the nominal quarterly interest rate k we can use the future value formula:
$154,531.82 = $100,000 x (1 + k)²⁰
(1 + k)²⁰ = $154,531.82 / $100,000 = 1.5453182
²⁰√(1 + k)²⁰ = ²⁰√1.5453182
1 + k = 1.022
k = 0.022
effective annual interest k = (1 + 0.022)⁴ - 1 = 0.090946828 = 9.094682805%
at the end of year 1, the balance of fund C = $100,000 x (1 + 6.9156%) = $106,915.60
at the end of year 2, the balance of fund C = $106,915.60 x (1 + 9.094682805%) = $116,639.23
You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity. How much would you need to have saved at the time of your retirement in order to achieve this goal
The question is incomplete. The complete question is stated below,
You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity. How much would you need to have saved at the time of your retirement in order to achieve this goal? (Assume that the perpetuity payments start one year after the date of your retirement. The annual interest rate is 12.5 percent.)
Answer:
At the time of retirement, the amount that needs to be saved for this perpetuity should be $800000
Explanation:
A perpetuity is a series of constant cash flows that occur after equal intervals of time for an indefinite time period. Thus, it is a series of perpetual cash flows. To calculate the amount that need to be saved at the time of retirement to receive a perpetuity of $100000 per year starting from one year after the retirement, we need to calculate the present value of the perpetuity. The formula for the present value of the perpetuity is,
Present value of perpetuity = CF / r
Where,
CF is cash flow or constant payment by perpetuityr is the required rate or return or the interest ratePresent value of perpetuity = 100000 / 0.125
Present value of perpetuity = $800000
Store Travel Time Each Way Price of a Dress
(Minutes) (Dollars per dress)
Local Department Store 15 104
Across Town 30 87
Neighboring City 60 80
Juanita makes $36 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $36 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop.
Assume that Juanita takes opportunity costs and the price of the dress into consideration when she shops. Juanita will minimize the cost of the dress if she buys it from the_______.
Answer and Explanation:
For the local departmental store
As the person travels 30 minutes but the person sacrificed $36 for an hour at work so here the opportunity cost of the time is $36
For the across town
The person J travel time is 60 minutes ( 30 + 30) and her shopping time is 30 minutes but sacrificed $36
So the opportunity cost is
= 60 minutes + 30 minutes
= 90 minutes
= $54
For the neighbor city
The person J travel time is 120 minutes (120 + 120) and her shopping time is 30 minutes but sacrificed $36
So the opportunity cost is
= 120 minutes + 30 minutes
= 150 minutes
= $90
Now the table is
Store Opportunity Cost Price of a Dress Total Cost
of Time
(Dollars) (Dollars per dress) (Dollars)
Local
Department
Store 36 104 140
Across Town 54 87 141
Neighboring City 90 80 170
So she should buy from the local department cost as it contains the minimum cost
Which of the following statement about working capital management are TRUE?
A) Lengthening payment terms with suppliers reduces financing needs
B) Shorter payment terms for customers increase net working capital
C) Decrease in inventories increases working capital
D) Identical decrease in customer and supplier payment terms does not alter net working capital Back Next
Answer:
C and D
Explanation:
The answers from the options are:
1. Decrease in inventories increases working capital
2. Identical decrease in customer and supplier payment terms does not alter net working capital.
Working capital management is a type of strategy used in business to make sure that a company runs efficiently by using it's current assets and liabilities effectively as well as monitoring them
A direct participation program shows the following operation results: Revenues: $3 million Operating expense: $1 million Interest expense: $200,000 Management fees: $200,000 Depreciation: $3 million The cash flow from program operation is
Answer:
The cash flow from program operation is $1,600,000.
Explanation:
Prepare the Cash Flow from Operating Activities Section to determine the cash flow from program operation.
Cash Flow from Operating Activities
Revenue $3,000,000
Less Expenses :
Operating Expenses $1,000,000
Interest expense $200,000
Management fees $200,000
Depreciation $3,000,000 ($4,400,000)
Operating Profit / (Loss) ($1,400,000)
Add Back Depreciation $3,000,000
Operating Cash flow $1,600,000
Torrid Romance Publishers has total receivables of $2,800, which represents 20 days’ sales. Total assets are $73,000. The firm’s operating profit margin is 5.9%. Find the firm's ROA and asset turnover ratio. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Answer:
ROA=4.13
Asset turnover ratio = 0.70 times
Explanation:
1.Computation for ROA
Using this formula
ROA=Net income/Total assets
First step is to find Day's sales in receivables before calculating for the sales amount
Day's sales in receivables = Numbers of days in a year/Total receivables days sales
Let plug in the formula
Day's sales in receivables = 365 / 20
Day's sales in receivables = 18.25times
Now let find the Sales amount using this formula
Sales= Day's sales in receivables× Total receivables
Let plug in the formula
Sales = 18.25 times × $2,800
Sales=$51,100
Second step is to find the Net income
Using this formula
Net income =Percentage of Operating margin× Sales amount
Let plug in the formula
Net income=5.9%×$51,100
Net income =$3,014.90
Now let find the ROA using this formula
ROA=Net income/Total assets
Let plug in the formula
ROA=$3,014.90/$73,000
ROA=0.0413×100
ROA=4.13%
Therefore ROA will be 4.13%
2. Computation for asset turnover ratio
First step is to calculate for the Receivables turnover
Using this formula
Day's sales in receivables = Numbers of days in a year/Total receivables days sales
Let plug in the formula
Day's sales in receivables = 365 / 20
Day's sales in receivables = 18.25times
Second step is to find the Sales amount using this formula
Sales= Day's sales in receivables× Total receivables
Sales = 18.25 times × $2,800
Sales=$51,100
Now let calculate for the Asset turnover ratio using this formula
Asset turnover ratio = Sales / Total assets
Let plug in the formula
Asset turnover ratio= $51,100 / $73,000
Asset turnover ratio= 0.70 times
Therefore asset turnover ratio will be 0.70 times
On January 1, 2012, Uncle Company purchased 80 percent of Nephew Company’s capital stock for $672,000 in cash and other assets. Nephew had a book value of $806,000 and the 20 percent noncontrolling interest fair value was $168,000 on that date. On January 1, 2011, Nephew had acquired 30 percent of Uncle for $325,750. Uncle’s appropriately adjusted book value as of that date was $1,052,500.
Separate operating income figures (not including investment income) for these two companies follow. In addition, Uncle declares and pays $30,000 in dividends to shareholders each year and Nephew distributes $4,000 annually. Any excess fair-value allocations are amortized over a 10-year period.
Uncle Nephew
Year Company Company
2012 $131,000 $44,600
2013 174,000 55,000
2014 213,000 68,200
A. Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary’s income recognized by Uncle in 2014?
B. What is the noncontrolling interest’s share of 2014 consolidated net income?
Answer:
a. $51,840
b. $15,440
Explanation;
a. First find the excess fair-value allocation;
= Fair value of Nephew - Book Value
Fair Value = Uncle ownership + Non-controlling interest
= 672,000 + 168,000
= $840,000
Excess fair value = 840,000 - 806,000
= $34,000
Any excess fair-value allocations are amortized over a 10-year period;
= 34,000/10
= $3,400
The Income to be recognized will be reduced by this yearly amotization so the 2014 income recognized by Uncle would be;
= (Nephew income - Amortization) * Uncle ownership stake
= ( 68,200 - 3,400) * 0.8
= $51,840
b. Nephew Company also owns 30% of Uncle which means that they will receive 30% of Uncle dividends.
= 0.3 * 30,000
= $9,000
Added to their own income;
= 9,000 + 68,200
= $77,200
The Non-controlling interest owns 20% so the income they will recognise is;
= 0.2 * 132,100
= $15,440
What role has venture capitalism played in the market place?
Answer:
The summary of the matter in question is mentioned throughout the subsection below.
Explanation:
Venture Capital seems to be an age-old term although in previous centuries this same industry has changed.A venture capitalist plays a very important role throughout organizing early-stage investment, attracting top management abilities candidates, promising technological start-ups, and innovative product manufacturer's professional assistance as well as other support facilities.
Size of Tax Shield. Roxy Broadcasting was originally an all-equity firm with a before-tax value of $10,000,000. Determine the size of the tax shield with a corporate tax rate of 16%, 20%, 35%, and 48% if Roxy's capital structure is 40 / 60 debt to equity Determine the same if the capital structure is 60/ 40.
1. If Roxy's capital structure is 4060 debt to equity, what is the size of the tax shield with a corporate tax rate of 16%? (Round to the nearest dollar.)
2. If Roxy's capital structure is 4060 debt to equity, what is the size of the tax shield with a corporate tax rate of 20%? $ (Round to the nearest dollar.)
3. If Roxy's capital structure is 40/60 debt to equity, what is the size of the tax shield with a corporate tax rate of 35%? (Round to the nearest dollar.)
4. If Roxy's capital structure is 4060 debt to equity, what is the size of the tax shield with a corporate tax rate of 48%?
5. If Roxy's capital structure is 60/40 debt to equity, what is the size of the tax shield with a corporate tax rate of 16%?
6. If Roxy's capital structure is 60 40 debt to equity, what is the size of the tax shield with a corporate tax rate of 20%? (Round to the nearest dollar.)
7. If Roxy's capital structure is 60/40 debt to equity, what is the size of the tax shield with a corporate tax rate of 35%? (Round to the nearest dollar.)
8. If Roxy's capital structure is 60 40 debt to equity, what is the size of the tax shield with a corporate tax rate of 48%? (Round to the nearest dollar.)
Ash is the preferred wood to be used in the production of baseball bats. If a company was to buy the rights to harvesting the ash trees out of all the forests in North America, which of the following barriers of entry has this company created?
A. problems raising capital
B. patents and copyright law
C. control of resources
D. economies of scale
E. licensing
Answer:
C. control of resources
Suppose one U.S. dollar can purchase a half pound of strawberries in the United States. After converting dollar to pesos, one U.S. dollar can now purchase a full pound of strawberries in Mexico. These values represe:_________.
Answer:
The answer is:
a real exchange rate
Explanation:
The last word in the question seems to be incomplete, I am assuming that the intended word is "represent".
Real Exchange Rate (RER), also known as Real Effective Exchange Rates (REER) is an exchange rate that compares the relative price of the two countries' consumption baskets (what the average consumer buys and its price indicates how much consumers pay for it). It gives information beyond the nominal exchange rate or the relative prices of two currencies. In this example, the RER between the U.S dollar and the Mexican Pesos is used to determine what the U.S. dollar can buy in Mexico, as compared to what that same amount can buy in the U.S. This helps to tell us if a currency is undervalued or overvalued.
A firm that uses ___________ segmentation divides a market into groups based on age, income, or level of education.
Answer:
Demographic
Explanation:
Demographic segmentation is when a business divides its market according to characteristics like race, age, gender, income, religion and level of education to have a better understanding of the customer's preferences and needs to be able to design strategies that reach the target market more effectively. According to this, the answer is that a firm that uses demographic segmentation divides a market into groups based on age, income, or level of education.
A furniture manufacturer specializes in wood tables. The tables sell for $150 and incur $60 in variable costs. The company has $11, 700 in fixed costs per month. The company desires to earn an operating profit of $10, 800 per month. (Abbreviation used; CM = contribution margin.)
1. Calculate the required sales in units to earn the target profit using the equation method.
2. Calculate the required sales in units to earn the target profit using the contribution margin method.
3. Calculate the required sales in dollars to earn the target profit using the contribution margin ratio method.
4. Calculate the required sales in units to break even using the contribution margin method.
Answer:
1. 250 wood tables
2. 250 wood tables
3. $37,500
4. 130 wood tables
Explanation:
Sales (units) required to earn a target profit = (Fixed Costs + Target Profit) ÷ Contribution per unit
Where,
Contribution per unit = Selling Price per unit - Variable Costs per unit
= $150 - $60
= $90
Therefore,
Sales (units) required to earn a target profit = ($11, 700 + $10, 800) ÷ $90
= 250 wood tables
Contribution Margin Ratio = Contribution / Sales × 100
= $90 / $150 × 100
= 60 %
Sales (dollars) required to earn a target profit = (Fixed Costs + Target Profit) ÷ Contribution Margin Ratio
= ($11, 700 + $10, 800) ÷ 60%
= $37,500
Sales in Units to Break Even = Fixed Costs ÷ Contribution per unit
= $11, 700 ÷ $90
= 130 wood tables
What arguments could you provide to convince top management to support the establishment of a safety program?
Explanation:
A safety training program could be insightful and maybe even provide lifesaving information to employees of a company. Tell management about the following advantages;
1. The Safety program increases the company's reputation: For example, the company may attract the best professionals in the industry because they are impressed by the company's safety program.
2. It benefits the company financially: For example, it will save the company money when there less injured employees since there will be no need to spend on a replacement.
For a two-stock portfolio, what would be the preferred correlation coefficient between the two stocks?
Answer:
-1
Explanation:
The correlation coefficient can range from -1 to 1. It measures how one stock (or security) reacts to any change in the price of performance of another stock (or security). When the correlation is -1, it means that there is no relationship between how the stocks will perform, i.e. they are completely uncorrelated.
Under the provisions of the Uniform Securities Act, an investment adviser's registration becomes effective:
Answer:
when the administrator so orders
Explanation:
Under this act the registration becomes effective when the administrator so orders. The administrator of the investment advisors association is responsible for reviewing the registration, making sure that all the information is legal, and also making sure that it meets all the required qualifications before approving it. Once this is done, it then becomes effective.
On December 12, 2021, Pace Electronics received $25,200 from a customer toward a cash sale of $252,000 of diodes to be completed on January 16, 2022. What journal entries should Pace record on December 12 and January 16
Answer:
(a) Debit Cash for $25,200; Credit Deferred sales revenue for $25,000.
(b) Debit Cash for $2,26,800; Debit Deferred sales revenue for $25,200; and Credit Sales revenue for $252,000.
Explanation:
(a) What journal entries should Pace record on December 12?
The receipt of part-payment of $25,200 from a customer on December 12, 2021 creates a deferred sales revenue which will appear as under current liabilities. The journal entries that Pace should record on December 12, 2021 will therefore look as follows:
Date Account Title Dr ($) Cr ($)
12 Dec '21 Cash 25,200
Deferred sales revenue 25,200
(To record a deferred sales revenue from diodes.)
(b) What journal entries should Pace record on January 16?
On this date, the customer will pay the remaining amount. The amount in the Deferred sales revenue account will now be transferred to the Sales Revenue account and there will be no liability again. The journal entries that Pace should record on January 16, 2022 will therefore look as follows:
Date Account Title Dr ($) Cr ($)
16 Jan '22 Cash (w.1) 2,26,800
Deferred sales revenue 25,200
Sales revenue 252,000
(To record sales revenue from diodes.)
Workings:
w.1: Cash = Sales revenue - Deferred sales revenue = $252,000 - $25,200 = $2,26,800
Replacing obsolete components piece by piece rather than changing the entire product is made possible because of ______.
Answer:
modular design
Explanation:
Modular design is when the faulty part of a system or process is being repaired in a piecemeal instead of replacing the whole system so that they can be more efficient. These means that the faulty parts are broken into smaller units and then rearranged to a larger unit hence increase efficiency. The idea here is not to replace the whole system but to fix or repair or change the faulty area.
Where modular design is adopted by a firm, there would be improvement and consistency in terms of whatever systems or products a firm might be engaging in.
If the marginal propensity to consume is 0.30 , what is the multiplier, assuming there are no taxes or imports
Answer:
Multiplier or k = 1.428571429 rounded off to 1.43
Explanation:
A change in consumer income leading to an increased consumer spending based on the Marginal propensity to consume or MPC can have a much larger effect in the economy due to the multiplier. A multiplier is the is the amount of new income that is generated form an addition of extra income.
The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. The formula to calculate the multiplier, also denoted as k, is:
k = 1 / (1 - MPC)
k = 1 / (1 - 0.3)
k = 1.428571429 rounded off to 1.43
________ are typically used by companies for specific applications such as data processing and financial transactions.
Answer:
Mainframe computers
Explanation:
Mainframe computers are typically large in size with large storage space, reliability, and high processing power.
They are usually used by large corporations for data processing applications such as financial transactions, industry statistics, Customer statistics, and enterprise resource planning.
Mainframe computers are different from supercomputers in the aspect of processing power. Supercomputers has have leading edge processing power.
While supercomputers are used to solve scientific and engineering problems, mainframes are mostly used for financial transactions.
When a company holds stock of several different corporations, the group of securities is identified as a(n)
Complete Question:
When a company holds stock of several different corporations, the group of securities is identified as a(n)?
Group of answer choices
a) investment portfolio
b) controlling interest
c) consolidated portfolio
d) affiliated investment
Answer:
a) investment portfolio.
Explanation:
When a company such as a hedge fund, investment company etc, holds stock of several different corporations, the group of securities is identified as an investment portfolio.
An investment portfolio could comprise of cash and cash equivalents, stocks, commodities, bonds, currencies, real estate investment trusts (REITs) and other financial assets such as exchange-traded funds (ETFs) and mutual funds used by an investor to earn profits while ensuring they're well preserved.
Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is
Answer: E) Both answers B and D are correct.
Explanation:
Inflation using the Consumer Price Index is calculated by;
= (CPI in current year - CPI in previous year) / CPI in previous year
Year 2 Inflation = (100 - 90) / 90
= 11%
Year 3 Inflation = (110 - 100) / 100
= 10%
Bob reviews an income statement that includes percentages of how each item relates to sales. What kind of financial analysis is this?
Answer:
Common Size Analysis
Explanation:
In a common size, Statement of Comprehensive Income, sales revenue is expressed as 100% and every other item is expressed as a percentage of sales revenue.
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
Options:
a. Shift to the left, causing the prices of carrots to rise
b. Shift to the left, causing the prices of carrots to fall
c. Stay the same
d. The supply curve does not shift. Only the demand curve shifts.
Answer:
a. Shift to the left, causing the prices of carrots to rise
Explanation:
Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.
What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.
A constraint with a positive slack value will have a positive dual price. will have a negative dual price. will have a dual price of zero. has no restrictions for its dual price.
Answer:
will have a dual price of zero.
Explanation:
Slack variables are used in linear programming equation where the equation is not balanced and to balance the equation a variable equal to zero is introduced called a slack variable.
The constraint in the slack variable will be zero, where the positive value.
It is never equal to zero, but the value is so low and so near to zero that it is considered to be equal to zero.
Vision statements are used to create a better understanding of the overall purpose and direction of the organization. Vision statements:
a. are very specific
b. provide specific objectives
c. set organizational structure
d. evoke powerful and compelling mental images
Answer:
d. evoke powerful and compelling mental images
Explanation:
The organizational vision is used so that companies have as aspirations to achieve their objectives and goals that will help companies to reach a desired place that helps the company to expand and obtain new achievements.
Therefore, when making a vision statement, companies combine powerful and attractive mental images to attest to goals that generate value for stakeholders, causing greater identification with an inspiring vision where there are development plans not only for their businesses, but for company in which the company operates eg.