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3 years ago

Why is training important

Business

1 answer:

Ray Of Light [21]3 years ago

8 0

<u>These reasons include</u>:-

Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
Reduced employee turnover.

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Dunn Sporting Goods sells athletic clothing and footwear to retail customers. Dunn's accountant indicates that the firm's operat

Brilliant_brown [7]

Answer:

Dunn Sporting Goods

Identifying Current Assets and Current Liabilities

Current Assets:

1. Prepaid Rent $6,000

3. Inventory $46,230

4. Marketable securities $700

5. Cash $1,050

7. Account receivable $2,850

Current Liabilities:

2. Accounts payable $9,700

6. Interest Payable $4,500

Explanation:

a) Data and Analysis:

1. Prepaid Rent (Current Assets) $6,000 Prepaid Rent (Long-term Assets) $2,500 in the amount of $8,500. Dunn's rent is $500 per month.

2. Account payable $9,700

3. Inventory (Current assets) $46,230.

4. Short-term marketable securities $700 Long-term Investments $1,200

5. Cash (current assets) $1,050.

6. Loan Payable (long-term) $60,000 due in March 2024. Interest Payable (current liabilities) $4,500

7. Account receivable (Current assets) $2,850

8. Store equipment $9,200. Accumulated depreciation $1,250.

b) Current assets are short-term assets expected to be used up within 12 months while current liabilities are short-term assets expected to be settled within 12 months.

8 0

3 years ago

25-Which of the following is the BEST indicator of the economic well-being of the average citizen?

Leviafan [203]

The answer is D,norminal GDP

7 0

2 years ago

Read 2 more answers

Explain how someone can be employed and still live below the poverty line.

Rama09 [41]

- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue

5 0

3 years ago

Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that

Virty [35]

Answer: 21.32 per hour

Explanation:

Guitars produced each month = 100

considered good enough to sell = 82%

Remaining are scrapped = 18 %

Selling price of each guitar = $260

Each guitar requires = 10 labor hours

Each employee works an average = 160 hours per month

Labor is paid = $11 per hour

materials cost = $40 per guitar

overhead = $4,200

Therefore,

Number of guitars are good enough to sell = 82% of 100

= 82 guitars

Value of output = Number of guitars sell × Selling price of each guitar

= 82 × $260

= $21,320

Input in labor hours = Guitars produced each month × Labor hour employed in each guitar

= 100 × 10

= 1,000 hours

Labor productivity = $\frac{output}{input}$

= $\frac{21,320}{1,000}$

= 21.32 per hour

7 0

3 years ago

In Spring 2018, Parmac Engineering Company signed a $160 million contract with the city of Parkersburg, to construct a new city

marta [7]

Answer:

By using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

Explanation:

Percentage-of-completion method : Under this method,

First we have to calculate the percentage which is based on current period cost to total period cost.

After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.

In mathematically,

Estimated Cost percentage = current period cost ÷ total period cost

= $48 million ÷ $120 million

= 40%

Now,

Revenue recognized = Estimated cost percentage × Revenue

= 40% × $160 million

= $64 million

Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018

7 0

3 years ago

Why is training important ​

Why is training important