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Kobotan [32]
3 years ago
14

Combust Con Inc. specializes in manufacturing internal combustion engines. Recently, Combust Con has decided to create a divisio

n for the flexible fuel field. During this time, Ashton, the HR manager, has been reviewing and updating job descriptions.
With the knowledge that a new division of jobs will be created, what would be the appropriate course of action for Ashton to take next?


A) Ashton should amend the original job descriptions to say they all will eventually take on flexible fuel responsibilities.

B) Ashton should take care to avoid including the titles of the jobs while formulating new job descriptions.

C) Ashton should wait until the new employees are hired before creating the new job descriptions.

D) Ashton should consider preparing new job descriptions since new jobs will be created in the organization.

E) Ashton should reuse the old job descriptions for the new jobs, instead of creating new ones.
Business
1 answer:
KengaRu [80]3 years ago
6 0

Answer:

The correct answer is letter "D": Ashton should consider preparing new job descriptions since new jobs will be created in the organization.

Explanation:

Whenever a firm engages in new operations and requires new personnel, the Human Resources (HR) department must analyze the profile of the employee that will be needed to determine what type of applicant that will approve. Before that, a clear description of the new workers' duties and skills must be outlined so that at the moment of publishing the offering, the company makes sure they will attract the proper candidates.

Thus, Ashton must get ready the job descriptions of the new workers that will cover the positions fo the new flexible fuel division of the corporation he works for.

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Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for
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                                 Eller Equipment Co.

                                  Income statement

Particular                                  Amount($)  Amount ($)

Sales revenue                                                940,000

Less: Cost of good sold                                 <u>(595,000)</u>

Gross margin                                                   345,000

<u>Operating expenses</u>

Salaries expenses                         122,000  

Operating expenses                     65,000  

Warranty expenses                        9,200

Un-collectible account expenses  45,000  

Depreciation expenses                 <u>3,000</u>

Total operating expenses                                <u>(244,200)</u>

Operating income                                              100,800

<u>Non-operating expenses</u>

Interest revenue                            6,200  

Interest expenses                        (36,000)

Gain on sale of equipment            19,000  

Total non-operating items                                   <u>(10,800)</u>

Net Income                                                          <u>$90,000</u>

<u />

                                   Balance Sheet

Assets                                          Amount$

<u>Current Assets</u>                                    

Cash                                                            41,000  

Accounts receivable                  108,000

Less: Allowance for doubtful    (19,000)  89,000

accounts

Merchandise inventory                             101,000  

Interest receivable                                     3600

Prepaid rent                                                38,000  

Supplies                                                      6,500  

Notes receivable                                        <u>32,500</u>

Total current assets                                                           311,600

Property Plant and Equipment    

Equipment                                    243,000  

Less: Accumulated depreciation <u>(66,000)</u>   177,000  

Land                                                                 <u>95,000</u>

Total property plant and equipment                                 <u>272,000</u>

Total Assets                                                                        <u>583,600</u>

Liabilities and Stockholder Equity

<u>Current liabilities</u>

Account payable                     55,000  

Unearned revenue                  47,000  

Warranties payable                  6,500  

Interest payable                        6,000  

Salaries payable                       <u>68,000 </u>

Total current liabilities                                                  182,500

<u>Long-term liabilities</u>  

Notes payable                     160,000

Total long-term liabilities                                               160,000

<u>Stockholders equity</u>

Common stock                            110,000  

Retained earning                         131,100

Total stockholders equity                                              <u>241,100</u>

Total liabilities and stockholders equity                    <u>$583,600</u>

<u>Workings</u>

Retained earning = Beginning retained earning + Net income - Dividend  

= 61,100 + 90,000 - 20,000

= 131,100

5 0
3 years ago
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