The General manager would likely
assume the controllers’ duties in a limited service hotel, with no full-time
controller. Controllers duties includes guiding financial
decisions and protects assets by establishing, monitoring, and enforcing
policies, procedures and internal control. He/she monitors and confirms
financial condition by conducting audits and providing information to external
auditors.
Answer: Retained Earnings
Explanation
The profit for the year less the dividends paid, is finally adjusted in the balance sheet under the name Retained earnings. This means that the retained profits increases the equity by the amount retained.
Answer:
Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most. There are five functions an economic system performs in producing goods and services for consumption.
The contract in the scenario is considered to be valid even
if the contract is unauthorized because both of the parties have agreed on the
contract and therefore, it is considered to be valid and made use of even if
there is no authorized personnel involved.
Answer:
Null hypothesis: The mean price of restaurant meal is the same as fixing a comparable meal at home.
Alternate hypothesis: The mean price of restaurant meal is less than fixing a comparable meal at home.
Explanation:
A null hypothesis is a statement from a population parameter which is either rejected or accepted (fail to reject) upon testing.
An alternate hypothesis is also a statement from the population parameter that negates the null hypothesis and is accepted if the null hypothesis is proven false.
