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3 years ago

Job rotation involves:

Business

1 answer:

ziro4ka [17]3 years ago

5 0

Answer:

b. moving the employee through a series of job assignments in one or more functional areas of the company.

Explanation:

The job rotation is a type of technique that is used by some employers to rotate their employees through their employment. As it's designed to promote flexibility of employees and to keep them interested in the organization that employs them.

Its objective is employe and employee learning and motivation. Along with the company providing the opportunities and training for job rotation, thus reducing the leave and the absence period of workers throughout the year.

Also, it can be used to create communication networks between the agencies and the drawbacks from this are that such practices can impose significant costs on individuals and the organizations involved.

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Accounting Cycle Review 15 a-e

OLga [1]

Requirment: Prepare a Balance Sheet as at December 31, 2020.

Answer:

<h2>Cullumber Corporation</h2><h3>Balance Sheet as of December 31, 2020:</h3>

Current Assets:

Cash $61,140

Accounts Receivable 60,000

less allowance for doubtful 6,000 54,000

Inventory 23,300 138,440

Non-current Assets:

Land 67,200

Buildings 81,700

Accumulated Depreciation 28,050 53,650

Equipment 41,000

Accumulated Depreciation 17,890 23,110 143,960

Total Assets $282,400

Liabilities + Equity:

Current Liabilities:

Accounts Payable 19,500

Interest Payable 4,400

Dividends Payable 5,802

Unearned Rent Revenue 1,800 31,502

Non-current Liabilities:

Bonds Payable (10%) 44,000 $75,502

Equity:

Common Stock ($10 par) 38,000

Paid-in Capital in Excess of Par—Common 10,240

Preferred Stock ($20 par) 20,000

Paid-in Capital in Excess of Par—Preferred 3,000

Retained Earnings 138,258

Treasury Stock (2,600) 206,898

Total Liabilities + Equity $282,400

Explanation:

a) Cullumber Corporation's Unadjusted Trial Balance as of December 31, 2020:

Debit Credit

Cash $26,100

Accounts Receivable 60,000

Inventory 23,300

Land 67,200

Buildings 81,700

Equipment 41,000

Allowance for Doubtful Accounts $470

Accumulated Depreciation—Buildings 25,500

Accumulated Depreciation—Equipment 14,200

Accounts Payable 19,500

Interest Payable –0–

Dividends Payable –0–

Unearned Rent Revenue 7,200

Bonds Payable (10%) 44,000

Common Stock ($10 par) 28,000

Paid-in Capital in Excess of Par—Common Stock 5,600

Preferred Stock ($20 par) –0–

Paid-in Capital in Excess of Par—Preferred Stock –0–

Retained Earnings 65,330

Treasury Stock –0–

Cash Dividends –0–

Sales Revenue 570,000

Rent Revenue –0–

Bad Debt Expense –0–

Interest Expense –0–

Cost of Goods Sold 380,000

Depreciation Expense –0–

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600

Total $779,800 $779,800

b) Cullumber Corporation's Adjusted Trial Balance as of December 31, 2020:

Debit Credit

Cash $61,140

Accounts Receivable 60,000

Inventory 23,300

Land 67,200

Buildings 81,700

Equipment 41,000

Allowance for Doubtful Accounts $6,000

Accumulated Depreciation—Buildings 28,050

Accumulated Depreciation—Equipment 17,890

Accounts Payable 19,500

Interest Payable 4,400

Dividends Payable 5,802

Unearned Rent Revenue 1,800

Bonds Payable (10%) 44,000

Common Stock ($10 par) 38,000

Paid-in Capital in Excess of Par—Common Stock 10,240

Preferred Stock ($20 par) 20,000

Paid-in Capital in Excess of Par—Preferred Stock 3,000

Retained Earnings 65,330

Treasury Stock 2,600

Cash Dividends 5,802

Sales Revenue 570,000

Rent Revenue 5,400

Bad Debt Expense 5,530

Interest Expense 4,400

Cost of Goods Sold 380,000

Depreciation Expense 6,240

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600

Total $839,412 $839,412

c) Cash Account Adjustment:

Balance as per Trial Balance $26,100

Preferred Stock 23,000

Common Stock 24,000

Treasury Stock (11,960)

Adjusted Cash balance $61,140

d) Income Statement

Sales Revenue $570,000

Cost of goods sold 380,000

Gross profit $190,000

Rent Revenue 5,400

Total $195,400

less expenses:

Bad Debt Expense 5,530

Interest Expense 4,400

Depreciation Expense 6,240

Other Operating Expenses 36,900

Salaries and Wages Expense 63,600 116,670

Net Income $78,730

Retained Earnings 65,330

Dividends (5802)

Retained Earnings carried forward $138,258

7 0

4 years ago

Abraham’s Eatery uses a lunch box supplier that has a sales rep come by weekly to order boxes. Abraham wants a 98% service level

fredd [130]

Answer:

There is no enough information to answer this question

Explanation:

5 0

4 years ago

Robin Corporation retires its $800000 face value bonds at 104 on January 1, following the payment of annual interest. The carryi

LekaFEV [45]

Answer:

The correct option is debit of $2040 to Loss on Bond Redemption

Explanation:

The unamortized premium on the bonds at redemption date=carrying value-face value

carrying value is $829,960

face value is $800,000

unamortized premium=$829,960-$800,000=$29,960

cash paid on redemption=$800,000*104%=$832,000.00

The appropriate entries would a credit to cash of $ 832,000 while face value is debit to bonds payable and also the unamortized premium is debited to premium on bonds payable

loss on retirement=$832,000-$829,960=$2040

The loss is debited to loss on bond redemption

4 0

4 years ago

Money deposited into a 401k is not taxed, however it is taxed years later when it is withdrawn for retirement. so if the money i

ExtremeBDS [4]

I believe the answer is: it gives a special tax break to employees who are saving primarily for retirement.

This make the taxpayers able to maxmize their purchasing power prior to their retirement. Which allow them to do things such as putting more money down on their mortrage, improve their standard of living, increasing their life saving, or putting of some of their income in various type of investments.

4 0

4 years ago

Read 2 more answers

You are asked to investigate how to determine which marketing techniques will be effective for selling a new product. You must w

Ivanshal [37]

Explanation:

To determine the most effective marketing techniques for selling a new product, it is necessary to develop a marketing plan, which is a strategic tool to identify and structure which marketing actions will lead an organization to achieve its goals.

So as stated in the question above, when writing a report on your findings to sell a new product, after analyzing the problem and the purpose of the report, by anticipating the potential audience and finding out the educational level and prior knowledge of the subject of your audience , it is possible to determine how the company will segment the market, that is, develop marketing campaigns and personalized strategies and aligned with the characteristics and preferences of its potential audience to achieve the central objective, which is to sell the product and achieve profitability and competitiveness in the market .

4 0

4 years ago