Answer:
The amount of total assets at the end of the year is $15,600
Explanation:
The computation of the total assets is shown below:
= Borrowed amount + issued stock to owners + purchase of supplies - paid to supplies
= $5,000 + $10,000 + $1,000 - $400
= $15,600
We considered all the items which are given in the question. The payment made to supplies should be deducted as it reduced the balance of cash So, the remaining items would be added
Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
The answer is psychological contract.
A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.
Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.
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In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.
Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.
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Answer:
Compensation management is the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures. ... Reward management consists of analysing and controlling employee remuneration, compensation and all of the other benefits for the employees
Answer:
Option which would likely appear on that budget will be:
Batch level costs: production setup.
Explanation:
Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.
Activity based budgeting which is a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.
Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.
For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.
Another example can be be procurement costs. The expenses associated with the procurement costs include the ordering of direct materials, paying suppliers and receiving goods.
Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.
