The Balances for the Accounts of Milo's Management Co

question 60

Essay

The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance.
$\begin{array}{l}\begin{array}{|l|l|}\hline \text { Accounts Payable } \ldots \ldots & \$ 6,500 \\\hline \text { Accounts Receivable... } & 7,000 \\\hline \text { Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots&?\\\hline \text { Office Supplies. } & 1,200 \\\hline \text { Building } & 125,000 \\\hline \text { Supplies Expense ............ } & 21,500 \\\hline \text { Common Stock..... } & 118,700 \\\hline \text { Management Revenue. } & 175,000\\\hline\end{array}\begin{array}{|l|l|}\hline \text { Wages Expense ....... } & 36,000 \\\hline \text { Rent Expense ..... } & 6,000 \\\hline\\\hline\\\hline\\\hline \text { Land . } & 50,000 \\\hline \text { Unearned Management Fee, } & 4,000 \\\hline \text { Dividends } & 48,000\\\hline\end{array}\end{array}$

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Definitions:

Herzberg

Refers to Frederick Herzberg, a psychologist best known for developing the Motivation-Hygiene Theory, which differentiates between factors that satisfy or dissatisfy employees in the workplace.

Motivators

Factors that influence an individual's level of motivation, potentially enhancing their willingness to engage in particular behaviors or pursue certain goals.

Dissatisfiers

Factors that, when present, can cause dissatisfaction but whose absence doesn't necessarily create satisfaction, often applied in job and service satisfaction research.

Keeping The Staff Satisfied

A management goal focused on ensuring that employees remain happy, motivated, and productive in their roles.