Gerardo Company Had a Net Income of $75,000 and Other

question 147

Essay

Gerardo Company had a net income of $75,000 and other comprehensive income of $12,500 for the year. On January 1, the retained earnings balance was $525,000 and the accumulated other comprehensive income balance was $55,000. Determine the
(a) comprehensive income for the year,
(b) retained earnings balance on December 31, and
(c) the accumulated other comprehensive income on December 31.

Recognize the fundamental principles of bureaucracy and its effects on organizational structure and efficiency.

Identify the contributions of classical management theorists to modern management practices.

Comprehend the significance of managerial ethics and corporate social responsibility in relation to business operations.

Analyze the role of coordination, control, and command within the management functions framework.