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Musya8 [376]
3 years ago
13

When Jack was first hired at Acme Global, he was assigned to a virtual mentoring group of new employees and managers before his

first day of work. The group built an online community that helped Jack learn more about the culture of Acme Global. This is an example of how social media is used in ______. a. performance management b. onboarding c. training and development d. recruitment and selection
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

The answer to this question is  C. Training and Development

Explanation:

Assigning Jack to a virtual mentoring group to learn about the culture of ACME global is an example of how social media helps business.

Before resumption of duties, the New employees alongside Jack would have been familiarized with the environment they will be working in and would have been exposed to some required knowledge they are suppose to have about their jobs and about the organisation itself.

Hence the scenario above is an example of how social media is used in  Training and Development  

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Milea Inc. experienced the following events in Year 1, its first year of operations:
Ostrovityanka [42]

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1. Net income = $35,750

2. Stockholders' equity = $48,200

3. Total assets = Total Equity and Liabilities = $56,300

4. Net cash generated = $47,840

Explanation:

1. Prepare the income statement

Milea Inc.

Income Statement

For the Year ended 31 December Year 1

<u>Details                                         Amount ($)  </u>

Revenue:

Service income                             45,000

Expenses:

Utility expense                                (1,150)

Accrued salaries                          <u>   (8,100) </u>

Net income                                    35,750

Dividend paid                             <u>    (1,050)  </u>                        

Retained earnings                     <u>   34,700   </u>

2. Prepare the statement of changes in stockholders' equity

Milea Inc.

Statement of changes in stockholders' equity

For the Year ended 31 December Year 1

<u>Details                                         Amount ($)  </u>

Common stock                             13,500

Retained earnings                     <u>   34,700   </u>

Stockholders' equity                <u>   48,200  </u>

3. Prepare the balance sheet as of December 31.

Milea Inc.

Balance Sheet

As of 31 December Year 1

<u>Details                                                                         $               </u>

<u>Assets</u>

<u>Current Assets</u>

Ending cash balance                                             47,840

Accounts receivable ($45,000 - $36,540)         <u>   8,460  </u>

Total assets                                                        <u>    56,300  </u>

Equity and Liabilities

Stockholders' equity                                              48,200  

<u>Liabilities</u>

<u>Current liabilities</u>

Accrued salaries                                                <u>     8,100  </u>

Total Equity and Liabilities                              <u>    56,300  </u>

4. Prepare the statement of cash flows for the Year 1 accounting period.

Milea Inc.

Statement of Cash Flows

For the Year ended 31 December Year 1

<u>Details                                                                  $                      $         </u>

Net income                                                                             35,750

Adjustment to reconcile net income:

(Increase) decrease in current assets:

Accounts receivable ($45,000 - $36,540)                           (8,460)

Increase (decrease) in current liabilities:

Accrued salaries                                                                   <u>   8,100   </u>

Net cash from operating activities                                       35,390

<u>Cash flow from financing activities:</u>

Common stock                                               13,500

Dividend paid                                             <u>    (1,050)  </u>

Net cash from financing activities                                       <u>  12,450  </u>

Net cash generated                                                              47,840

Beginning cash balance                                                      <u>       0        </u>

Ending cash balance                                                         <u>   47,840  </u>

7 0
2 years ago
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