Do you feel that Steve has significant variations from budget? Why do you think Steve’s boss assigned Steve a lower labor cost percentage goal during week 3? How do you feel about Steve’s overall performance? What would you do if you were Steve’s boss? If you were Steve?

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)