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WINSTONCH [101]
2 years ago
14

What is the difference between position management and job management.

Business
1 answer:
Lelechka [254]2 years ago
4 0

The difference between position management and job management lies in the fact that;

  • In Position Management, a position is created for each new employee/opening while In Job Management, no positions are necessary in order to create a job requisition.

<h3>Staffing Models</h3>

Conventionally, there are two types of staffing models:

  • Position Management and
  • Job Management.

In Position Management, it is necessary that a position is created for each new employee/opening. In such cases, reports show open positions and vacancy rates.

However, In Job Management, no positions are needed in order to create a job requisition.

Read more on staffing Models;

brainly.com/question/14702055

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Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and there was a cost of $40,000 for
creativ13 [48]

Answer:

$133,600

Explanation:

Straight line depreciation expense = (cost of asset - salvage value) / number of year

Cost of asset = $340,000 + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

The amount of accumulated depreciation at December 31, 2018 =  $66,800 x 2 = $133,600

4 0
2 years ago
Oriole Company reports the following financial information before adjustments. - Dr. Cr. Accounts Receivable $130,100 Allowance
fgiga [73]

Answer:

(a) 4% of accounts receivable

  • Oriole Company estimates bad debts at (a) 4% of accounts receivable  

Dr Bad Debt Expense $ 35,001  

Cr Allowance for Uncollectible Accounts  $ 35,001

  • (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,490 debit balance.

Dr Bad Debt Expense $ 39,801  

Cr Allowance for Uncollectible Accounts  $ 39,801

Explanation:

Initial Balance  

Dr Accounts Receivable   $ 130,100

Cr Allowance for Uncollectible Accounts  $ 3,310

Sales Revenue (all on credit)  

Dr Accounts Receivable  $ 880,500  

Cr Sales  $ 880,500

Sales Returns and Allowances    

Dr Sales Returns and Allowances $ 52,830  

Cr Accounts Receivable   $ 52,830

Oriole Company estimates bad debts at (a) 4% of accounts receivable  

Dr Bad Debt Expense $ 35,001  

Cr Allowance for Uncollectible Accounts  $ 35,001

To register the adjustment of 4% of accounts receivables it's necessary considerate the values previously recorded in the account.

It means, CREDIT Balance $3,310 and to register the difference.

4% of accounts receivable but Allowance for Doubtful Accounts had a $1,490 debit balance.  

Dr Allowance for Uncollectible Accounts  $ 1,490

Dr Bad Debt Expense $ 39,801  

Cr Allowance for Uncollectible Accounts  $ 39,801

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of accounts receivables as CREDIT.  

Because the company has a debit balance in that account it's necessary to register an entry that compensate the DEBIT value and reflect A CREDIT estimated as % of account receivable.  

FINAL Balance  

Dr Accounts Receivable  $ 957,770  

Cr Allowance for Uncollectible Accounts  $ 38,311

Bad accounts are those credits granted by the company and there is no possibility of being charged.

When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

7 0
2 years ago
The current value in today's dollars of a future sum of money is called :______
AleksandrR [38]
Ans: (a) present value
4 0
2 years ago
JacksonJackson Bank lends JabbourJabbour Clothing Company ​$125 comma 000125,000 on September 1. JabbourJabbour signs a ​$125 co
lara31 [8.8K]

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

           To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

4 0
3 years ago
In a commercial bank's t-account, reserves and outstanding loans are recorded as?
Vsevolod [243]

In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.

Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.

Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.

Learn more about reserves here brainly.com/question/25812353

#SPJ4

3 0
2 years ago
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