The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding _____

Two advantages of using ___________ to fill open positions are: (1) it improves the morale of current employees, and (2) the per

mel-nik [20]

Answer:Internal recruitment

Explanation:

Internal recruitment happens When the company as a vacancy and looks with in its existing employees to fill the the vacant position. Hiring within the company has many because the company is hiring some one who is already familiar with culture and ethos of the company, he or she is also familiar with the procedures and operations of the company that reduces induction time and possible training time.

The costs associated with internal recruitment are significantly lower than the costs of recruiting externally for example, recruiting externally the company has to do background checks on the new employees and sometimes pay the the recruiting agency for their services. It also takes a long time to find a suitable candidate when recruiting externally because the company receives many applications which may result in an increase in admin costs associated with recruiting externally.

One major draw back of this recruiting strategy is that it leaves gaps within company work structure or work force. When employees are frequently changing position within the organization it may cause disruption in the function of the company

6 0

3 years ago

An annual reporting period consisting of any twelve consecutive months is known as:___.

Kaylis [27]

An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.

The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.

Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.

Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.

Learn more about fiscal year here

brainly.com/question/14504946

#SPJ4

4 0

2 years ago

Calla Company produces skateboards that sell for $56 per unit. The company currently has the capacity to produce 95,000 skateboa

Tema [17]

Answer:

Calla Company

Three-column comparative Income Statement:

Normal Special order Total

Sales Revenue $4,580,800 $673,200 $5,254,000

Cost of sales:

Direct materials $ 981,600 $158,400 $1,140,000

Direct labor 613,500 99,000 712,500

Overhead 954,000 76,973 1,030,973

Selling expenses 558,000 84,151 642,151

Administrative expenses 477,000 890 477,890

Total costs and expenses $ 3,584,100 $419,414 $4,003,514

Net income $ 996,700 $ 253,786 $1,250,486

Explanation:

a) Data and Calculations:

Annual production capacity = 95,000 units

Actual annual production and sales = 81,800 units

Special order (units) = 13,200

Selling price (normal) = $56 per unit

Special order selling price = $51 per unit

Direct materials $ 981,600

Direct labor 613,500

Overhead 954,000

Selling expenses 558,000

Administrative expenses 477,000

Total costs and expenses $ 3,584,100

Three-column comparative Income Statement:

Normal Special order Total

Sales volume 81,800 13,200 95,000

Selling price $56 $51

Sales Revenue $4,580,800 $673,200 $5,254,000

Cost of sales:

Direct materials $ 981,600 $158,400 $1,140,000

Direct labor 613,500 99,000 712,500

Overhead 954,000 76,973 1,030,973

Selling expenses 558,000 84,151 642,151

Administrative expenses 477,000 890 477,890

Total costs and expenses $ 3,584,100 $419,414 $4,003,514

Net income $ 996,700 $ 253,786 $1,250,486

1. Direct materials cost per unit = $981,600/81,800 = $12

2. Direct labor cost per unit = $613,500/81,800 = $7.50

3. Variable Overhead cost = $954,000/2 = $477,000

Variable overhead cost per unit = $477,000/81,800 = $5.83129

4. Variable selling expenses = 70% of $558,000 = $390,600

Variable selling expenses per unit = $390,600/81,800 = $4.77506

Additional selling expense per unit = $6.37506 ($4.77506 + $1.60)

Selling expense for special order = 84,151($6.37506 * 13,200)

5. Administrative expenses increased by $890

8 0

3 years ago

At December 31, 2011, Newman Engineering’s liabilities include the following:1. $10 million of 9% bonds were issued for $10 mill

Nadusha1986 [10]

Answer:

total long term debt: 24,000,000

Explanation:

the 1988 bonds will be long-term debt as there is no suggestion to the option to be exercised.

The 1978 bonds will be current liabilities as they matures at 2012

which is within the twelve months time period to be classified as current laibily.

the note payable has an agreement with the bank to not claim it at least until June 2012 The most probable reason is that the 1978 bonds are generating this situation, so once they are retired the normal 2 to 1 ratio will be acomplished, so the note payable will be kept at long term debt

but a note tothe financial statemtn should be made

Long term debt:

1988 bonds: 10,000,000

note payable 14,000,000

total 24,000,000

6 0

3 years ago

Exercise 12-15 a-b Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectively. Thei

omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

4 years ago

The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.