Answer:
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)
Explanation:
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.
Answer:
A.$20,200
Explanation:
The computation of the cash amount which should be reported in the balance sheet is shown below:
= August Bank statement balance + Deposits outstanding - Checks outstanding
= $22,400 + $2,300 - $4,500
= $20,200
The other amount which is given in the question is irrelevant. Hence, these items should not be considered in the computation, so they are ignored.
Financial capital, like money, is simply a tool. once financial capital is converted to economic capital (invested), it produces a resource that is Productive. Firms invest in their companies using financial capital.
Businesses employ capital to purchase additional machinery, structures, or materials, which they then use to produce things or offer services. Cash and investments can also be considered capital assets for a business. Its balance sheet includes a list of these assets.
The money cannot be used by managers to enhance dividends, cut prices, or grant themselves raises. They must put it to use in order to increase profits and assist the company make more gains in the future.
Debt is the first category. Companies obtain funding today, which they later remit with interest. Many business owners initially borrow money from family members or their credit cards. Once they establish a track record, they can apply for bank loans and Small Business Administration funding from the federal government. The company receives funds from investors in the form of equity, which is the second type of capital, in exchange for a future profit share. Specialty capital is the third category. It frequently serves as a means of purchasing time to increase revenue, for example, by postponing invoices.
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