Marcus Enterprises Was Started by Damien Marcus in 2010

question 160

Essay

Marcus Enterprises was started by Damien Marcus in 2010. During 2010, Damien Marcus invested $8,000 in the business. Based on the following worksheet, prepare an income statement, statement of owner's equity, and balance sheet for Marcus Enterprises for the year ended December 31, 2010.
Marcus Enterprises
Worksheet
For the Year Ended December 31, 2010

Understand the purpose and limitations of Management by Objectives (MBO) within an organization.

Recognize the application and functionality of Project Evaluation and Review Technique (PERT) in project management.

Calculate the break-even point and profit goals using break-even analysis.

Understand the impact of MBO on employee motivation and productivity.

---

Definitions:

Whigs

A political party active in the 19th century in the United States, advocating for federal government action in the economy.

North American Possessions

Territories in North America that were held or colonized by foreign powers, particularly during the age of European exploration and colonialism.

Missionaries

Individuals, often religious in nature, who are sent on a mission, usually to promote their faith or perform humanitarian work in foreign lands.

New Spain

The name of a vast territory that included much of North America, Central America, parts of the Caribbean, and the Philippines, governed by the Spanish Empire from the 16th to the 19th century.