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4 years ago

Identify the right HRM practice that can assist firms in becoming a high-performance organization.

Business

2 answers:

xz_007 [3.2K]4 years ago

7 0

Answer:

The correct answer is letter "C": Selection system is job related and legal.

Explanation:

Human Resource Management (<em>HRM</em>) has the responsibility of filtering candidates for different job positions within an organization. To ensure good practices, the HR department must use a job-related selection method to find out if one applicant suits best for one position over another. At the same time, the selection process must be legal, which implies there must not be any biased decision in choosing one candidate over another.

Nina [5.8K]4 years ago

4 0

Answer: Statement C

Explanation: Selection system is the most important system in an organization as it is related to employing the most important asset, that is, human resource.

If a firm wants to become a high performance, the employees working in it must be efficient in their jobs and it is dependent on selection process.

If the recruiter keeps the process of recruitment completely job related and legal checks are done then it can lead to high performance.

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The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3

Serjik [45]

Answer: $1,395

Explanation:

Not all the above can be counted as Revenue so first I will differentiate them to make calculating revenue easier.

a) Received $960 cash for services provided to a customer during July.

- This is Revenue as it was received in payment of work done.

b) Received $3,200 cash investment from K. Peterson, the owner of the business.

- This is an Investment into the business and so is NOT Revenue.

c) Received $810 from a customer in partial payment of his account receivable which arose from sales in June.

- This is NOT Revenue but is the settling of an Accounts Receivables.

d) Provided services to a customer on credit, $435.

- This is Revenue as it is rendered for services provided.

e) Borrowed $6,600 from the bank by signing a promissory note.

- This is NOT Revenue as it was long term borrowing.

f) Received $1,310 cash from a customer for services to be rendered next year.

- This is NOT Revenue as it is Prepaid Revenue.

Adding up those considered Revenue we have,

= 960 + 435

= $1,395

$1,395 is the amount of Revenue in July.

8 0

4 years ago

Read 2 more answers

Given the following balance sheet and income statement data for the year ended December 31, what is the final figure for the num

Dennis_Churaev [7]

Answer:

Option (d) is correct.

Explanation:

Given that,

Cash = $300,000

Short-term investments = 400,000

Accounts receivable = 900,000

Total operating expenses = 640,000

Depreciation expense = 140,000

The numerator part in the formula of days' cash on hand is cash and cash equivalents available.

Cash and cash equivalents available:

= Cash + Short term investments

= $300,000 + $400,000

= $700,000

8 0

3 years ago

unland Company has the following data: direct labor $238,000, direct materials used $199,000, total manufacturing overhead $248,

labwork [276]

Answer:

(a) Total manufacturing costs = $685,000

(b) Total cost of work in process = $721,000

Explanation:

(a) Compute total manufacturing costs.

Total manufacturing cost can be described as the total cost that a manufacturing company incurred within a reporting period to produce goods. This can be computed using the information provided in the question as follows:

Total manufacturing cost = Direct materials used + Direct Labor + Total manufacturing overhead = $199,000 + $238,000 + $248,000 = $685,000

(b) Compute total cost of work in process.

Total cost of work in process refers to the aggregate cost of partially completed goods. This can be computed using the information provided in the question as follows:

Total cost of work in process = Beginning work in process + Total manufacturing costs = $36,000 + $685,000 = $721,000

7 0

3 years ago

Equipment costing $276000 was destroyed when it caught on fire. At the date of the fire, the accumulated depreciation on the equ

Oksanka [162]

Answer:

a). The credit to the equipment account=$173,000

b). Credit to the accumulated depreciation account for $103,000

c). gain on disposal=$152,000

Explanation:

a). The formula for the book value of the equipment when it caught fire can be expressed as;

Book value=Acquisition cost-accumulated depreciation

where;

acquisition cost=$276,000

accumulated depreciation=$103,000

replacing;

Book value=(276,000-103,000)=$173,000

The credit to the equipment account=$173,000

b). Credit to the accumulated depreciation account for $103,000

c). The formula for calculating the gain from disposal is;

gain on disposal=insurance check-book value

where;

insurance check=$325,000

book value=173,000

replacing;

gain on disposal=325,000-173,000=$152,000

4 0

3 years ago

Demand for movie rentals is highly elastic. What will happen if a video store raises the price of a rental?

adelina 88 [10]

Answer:

It will lose revenue

Explanation:

An elastic demand (which are found in goods or services that have substitutes) moves proportionally to price changes.

It means that, if the price of the good rise, then the demand will diminish. The opposite works the same, if the price reduces, then the demand will grow.

On the other hand, elasticity refers to the impact of the prices on the demand of the goods and there are key factors that influence this relation:

Necessity of the good (or product)
The existence of substitutes goods or alternatives to those goods
Time

5 0

4 years ago

Read 2 more answers