Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.
The Babylonians in Sumer used what as a monetary commodity
When interest rates fall a. firms want to borrow less for new plants and equipment and households want to borrow less for homebuilding. b. firms want to borrow more for new plants and equipment and households want to borrow more for homebuilding. c. firms want to borrow less for new plants and equipment and households want to borrow more for homebuilding. d. firms want to borrow more for new plants and equipment and households want to borrow less for homebuilding.
The correct answer is option b.
When there is a fall in the interest rate, it means the cost of borrowing will decrease. So it will become cheaper for both firms and households to borrow money.
Thus, borrowing will increase. Firms will borrow more for new plants or equipment to increase output. While households will borrow more for building homes and other such purposes.
Based on the interdependence of the four types of salesperson goals, what should a salesperson's sales call goals be based on?
"2016: Ending inventory was overstated by $60,000 while depreciation expense was overstated by $25,400. 2017: Ending inventory was understated by $6,500 while depreciation expense was understated by $4,800. By how much should retained earnings be adjusted on January 1, 2018?"
The computation of the adjusted retained earning balance is shown below:
Ending inventory was overstated - no change
Add: Depreciation expense was overstated $24,100
Add: Ending inventory was understated $6,500
Less: Depreciation expense was understated ($4,800)
Adjusted retained earning balance $25,800