Answer:
The correct word for the blank space is: Stories.
Explanation:
Stories tell employees facts of the company that occurred in the past and led the organization to be positioned where it currently is. It usually includes events of how the company started, who were the initial owners, and what happened with the enterprise that allowed its success or failure.
Answer: an instruction, command, or duty given to a person or group of people.
Explanation:
an instruction, command, or duty given to a person or group of people.
Answer:
(1) The price Elasticity of demand for Dormintory space will less than one.
(2) The room rates will increase following the increase in demand.
Explanation: The price Elasticity of demand is a term used in Economics to describe the change in Quantity demanded at the slightest change in price of the product or services rendered. FOR A NECESSARY AND ESSENTIAL GOODS AND SERVICES WITH NO CLOSE SUBSTITUTES LIKE THE DORMITORY SPACES THE PRICE ELASTICITY OF DEMAND WILL BE LESS THAN ONE.
THIS MEANS THAT A CHANGE IN PRICE WILL HAVE LITTLE OR NO EFFECT ON THE DEMAND.
One of the conditions necessary for a change in price is a change in demand, as the demand for a product or service increases, it will lead to a corresponding increase in the price of the product or service especially when the supply for the product or sevice is constant.
Answer:
The correct answer is C,top level managers may pursue their own interests over that of the company.
Explanation:
Company executives tends to pursue personal interests at the expense of the shareholders who are the bona fide owners of the business.
This selfish interest pursuance is playing out because the CEO's remuneration packages cannot be said to be justifiable in that they are not linked to any performance metrics such as the level of profits posted.
The major concern is on the stock compensation and bonuses since the best practice requires that benefits should be linked to the company's underlying performance,that way the company's performance is boosted and would be seen as a way win-win situation for both shareholders and the management team.
Answer:
Explanation:
Required 1
determine the effect of the error on retained earnings at january1,2016;
in 2016, SE discovered that the expenses for advertising is $42000, it is an error caused by net purchase of inventory in the year 2015. the cost of goods sold for advertising expenses is overrated by $42000.
Therefore, the understatement advertising expense at ending inventory is $30000 held on consignment caused in 2015 is detected that the goods sold to be overstated.
check the attachment for analysis of 2015 ending inventory error effects.
REQUIRED 2 ( CHECK THE ATTACHMENT BELOW)
REQUIRED 3;
Determine the steps taken in connection with the correction of the error;
In 2015 the result for the financial statement was incorrect with two errors by restated. The correct inventory amount cost of goods sold, advertising expenses , net income and retained earnings are reported in comparative purpose to their current annual report.
a previous period adjustment for retained earnings is reported with disclosure note for the nature of error.
finally, the correction is made at the year earning for net income and extra ordinary item purchased. Therefore , a calculated share for each retained earnings is get reported.
