Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $481,540
Adjustment made:
Add : Depreciation expense $44,200
Add: Amortization expense $4,200
Less: Gain on sale of equipment - $6,200
Less: Increase in accounts receivable - $30,500
Less: Increase in inventory - $25,000
Less: Decrease in accounts payable - $12,500
Less: Decrease in salaries payable - $3,500
Net Cash flow from Operating activities $452,240
Answer:
Firms may be inclined to keep their workers’ wages above the equilibrium level.
Explanation:
The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.
Answer:
Human resource managers play a key role in developing an organization's culture. They facilitate communication between a company's managers and employees, helping to resolve disputes or complaints and advise executives on relevant policies for workplace conduct.
Explanation:
The Human Resource Manager will lead and direct the routine functions of the Human Resources (HR) department including hiring and interviewing staff, administering pay, benefits, and leave, and enforcing company policies and practices.
btw this is my second account
NWC = 1,410 = Current Assets – Current Liabilities = CA - 5,810
=> CA = 1,410 + 5810 = 7,220
Current Ratio = Current Assets/Current Liabilities
= 7,220/ 5,810 = 1.24
Quick Ratio = (Current Assets – Inventory) / Current Liabilities
= (7,220 – 1,315)/ 5,810 = 1.02
Current ratio is 1.67
Quick ratio = 0.88
In general, an appropriate current ratio is one that is comparable to the industry norm or just a little bit higher. The likelihood of distress or default may be increased by a current ratio that is lower than the industry average.
In a similar vein, if a company's current ratio is significantly higher than that of its peer group, it suggests that management might not be making the most use of its resources.
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Answer:
$15.44 per direct labor-hour
Explanation:
Actual manufacturing overhead = $361,660
Over applied overhead = $8,900
Applied manufacturing overhead
= Actual manufacturing overhead + Over applied overhead
= 361,660 + 8,900
= $370,560
Applied manufacturing overhead
= Actual direct labor hours*Predetermined overhead rate
370,560 = 24,000*Predetermined overhead rate
Predetermined overhead rate = 370,560/24,000
= $15.44 per direct labor hour