. Question 6 Booth & Co. took out a 5-year, 8%, $100,000 loan on April 1, 2018. Interest payments are due to the bank every March 31st. Assume Booth & Co. uses an annual accounting period and the current accounting period ends on December 31, 2018. What would be the effect on Booth & Co.’s Assets, Liabilities, and Stockholders’ Equity if it did not record the adjusting entry on December 31, 2018 related to the interest on this bank loan?

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above