Human Resources Management welcomes participation by all organizational members and views each person as valuable to the organization instead of focusing primarily on productivity
<h3>What is Management?</h3>
This refers to controlling and organizing people and things for better and more effective productivity or output.
Hence, we can see that there are different types of management, and based on this, they have varied characteristics, but the kind of management that focuses on individuals, rather than productivity is human resources.
Read more about human resources here:
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Answer:
a. $32,800
b. $37,019
c. $37,460
Explanation:
a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-
Accumulated amount of money = Invested amount + (Rate of interest × Number of years)
= $20,000 + ($20,000 × 8% × 8)
= $32,800
b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-
Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years
= $20,000 × (1 + 0.08)^8
= $20,000 × 1.85093
= $37,019
c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-
Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)
= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)
= $20,000 × 1.87298
= $37,460
Therefore we have applied the above formulas.
Answer:
1.
Dec 31 Rent expense $3450 Dr
Prepaid Rent $3450 Cr
2.
Oct 1 Prepaid Rent $13800 Dr
Cash $13800 Cr
3.
Year end balances at 31 December:
Rent Expense = $3450
Prepaid Rent = $10350
Explanation:
Assumption: The year end for the business in on 31 December.
1.
The rent is paid in advance thus it is an asset. On 31 December the adjusting entry will be made under the accrual principle to match the current period's rent expense and record it in the period to which it belongs to. Thus we will credit the rent expense for 3 months i.e. October, November and December. We will credit the asset account that is Prepaid Rent.
2.
The prepayment of rent is creating an asset account in the title of prepaid rent. The entry would be to record the asset prepaid rent by the full amount of the rent prepaid and credit the other asset account through which the payment is being made.
3.
The adjusted year end balance for rent expense will be the rent expense paid for this period that is $1150 * 3 = 3450
The balance in the prepaid rent account after adjusting the rent expense will be,
Prepaid rent = 13800 - 3450 = $10350
