Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.
Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
<h3>What is
Managerial economics?</h3>
Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.
With Managerial economics , one can carry out:
- planning
- directing
- organizing
In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.
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Answer and Explanation:
The journal entries are as follows:
1. Petty cash A/c Dr $150
To Cash A/c $150
(Being the establishment of petty cash is recorded)
2.
Entertainment expenses A/c Dr $70
Postage expense A/c Dr $30
Printing A/c Dr $22
To Petty cash A/c $122
(Being the reimbursement of petty cash fund is recorded)
Answer:
The subject property should be valued at $760,000
Explanation:
Sales comparison approach to valuation in real estate values properties by comparing their similar characteristics, and the features are priced. The total value of a property is thus the addition of all features.
In the instance given, both properties have 3 bedrooms and 2 bathrooms and so using comparison theses features are equally priced at $690,000.
So the property with the golf course will have $690,000 added to the value of the golf course ($70,000).
That is $760,000.
Answer:
the relationship between management and labor from one of conflict to one of cooperation.
Explanation:
The goal of Frederick Taylor and scientific management is to increase labor efficiency. He proposed specialization and training in order to have more efficient workers that can produce more per hour. At the same time, Taylor advocated for higher pay if efficiency and productivity increased. For example, if a worker produces 100 units, he/she should be paid twice than a worker that produces only 50 units.
<span>A flaw in the governor's reasoning is that a lot of people in that age bracket who are already juvenile delinquents aren't going to stop doing bad things just because they might get paid more at a job. Those people may just not want to have a job and would rather enjoy their youth causing trouble before they have to "settle" into a career.</span>