What makes a contract different from an agreement?

____ is the process for motivating employee performance in which the manager and employee jointly set objectives for the employe

nika2105 [10]

Answer:

MBO

Explanation:

Management by objectives also known as management by results is a process which is proposed by the peter drunkard in 1954. By defining the specific objectives in an organization, and how to achieve these targets.

This process helps the business organization to accomplish its objectives, by goal setting. It has a five-set process of reviewing the organizational goal , then setting the worker objective and monitoring their progress and evaluation after giving the reward.

The word SMART is also associated with the objectives as Specific, Measurable, Assignable, Realistic and a Time-bound process.

8 0

2 years ago

dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

7 0

3 years ago

At the profit maximizing level of employment, the wage rate is _____ and the level of employment is _____: w3; q1 w2; q2 w1; q1

diamong [38]

The correct option is w1;q1.
At the profit maximizing level of employment, the wage rate is W1 and the level of employment is Q1.

4 0

3 years ago

Inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error? a. n

vlabodo [156]

Answer:

The answer is stockholders' equity is overstated

Explanation:

When inventories are overstated it reduces the cost of sales because the excess inventory in accounting records means the ending inventory will be higher and cost of sales will be lower.

When ending inventory is overstated, total assets and retained earnings will be overstated. And when retained earnings is overstated, stockholders' equity is also overstated because retained earnings is a line item under stockholders' equity.

7 0

3 years ago

If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity

Morgarella [4.7K]

Answer:

We can expect to see a large change in the quantity demanded for Good A.

Explanation:

As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.

5 0

3 years ago