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2 years ago

A key part of planning is organizational design and strategic human resources. True or False?

Business

2 answers:

Pachacha [2.7K]2 years ago

8 0

Answer:

True is the correct answer.

Explanation:

Organizational design refers to a step-by-step methodology used to identify dysfunctional aspects of work flow, procedures, systems, among other things. It realigns these elements to fit current goals and the it explains how to successfully achieve the changes.

Strategic human resources refers to attract, develop, reward and retain employees that benefit both the company/organization and the employes themselves.

These two elements are a key part of planning.

Verizon [17]2 years ago

6 0

I'd say True because when planning you have to be organized about it

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I'm having a difficult time with my accounting workbook. I post the adjusting entries, but my balance sheet never equalizes. Can

Marta_Voda [28]

Answer:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

Unadjusted Adjusting Adjusted

Trial balance Entries Trial balance

Dr Cr ref Dr Cr ref Dr Cr

Cash 67,520.04 3 1,000 68,520.04

Accounts Receivable 68,519.91 68,519.91

Other Receivable -

Insurance Baking

Supplies 15,506.70 15,506.70

Merchandise

Inventory 1,238.07 1 3,175 1 4,413.07

Consignment

Inventory 2 200 2 200

Prepaid Rent 2,114.55 2,114.55

Prepaid Insurance 2,114.55 2,114.55

Misc. Supplies 170.49 170.49

Baking Equipment 14,000.00 4 2,000 4 12,000.00

Accumulated Depreciation 1,606.44 4 4 406.44

Customer Deposit

- Accounts Payable 20,262.11 20,262.11

Wages Payable 3,383.28 3,383.28

Interest Payable 211.46 211.46

Notes Payable 5,000.00 5,000.00

Common Stock 20,000.00 20,000.00

Beginning Retained

earnings 50,144.84 50,144.84

Dividends 105,000.00 105,000.00

Bakery Sales 327,322.55 327,322.55

Merchandise Sales 1,205.64 1,205.64

Cost of Goods

Sold - Baked 105,834.29 105,834.29

Cost of Goods

Sold -

Merchandise 859.77 859.77

Rent Exp. 24,549.19 24,549.19

Wages Exp. 10,670.72 10,670.72

Misc. Supplies

Expense 3,000.46 3,000.46

Business

License

Expense 2,045.77 2,045.77

Misc.

Expense 1,363.84 1,363.84

Depreciation

Expense 677.86 677.86

Insurance

Expense 1,091.08 1,091.08

Advertising

Expense 1,549.74 1,549.74

Interest

Expense 818.31 818.31

Telephone

Expense 490.98 490.98

Gain/Loss on

disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

Explanation:

a) Data and Calculations:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

Unadjusted trial balance Adjusting entries Adjusted trial balance

Dr Cr ref Dr Cr ref Dr Cr

Cash 67,520.04 67,520.04

Accounts Receivable 68,519.91 68,519.91

Other Receivable - Insurance Baking Supplies 15,506.70 15,506.70

Merchandise Inventory 1,238.07 1,238.07

Consignment Inventory Prepaid Rent 2,114.55 2,114.55

Prepaid Insurance 2,114.55 2,114.55

Misc. Supplies 170.49 170.49

Baking Equipment 14,000.00 14,000.00

Accumulated Depreciation 1,606.44 1,606.44

Customer Deposit - Accounts Payable 20,262.11 20,262.11

Wages Payable 3,383.28 3,383.28

Interest Payable 211.46 211.46

Notes Payable 5,000.00 5,000.00

Common Stock 20,000.00 20,000.00

Beginning Retained earnings 50,144.84 50,144.84

Dividends 105,000.00 105,000.00

Bakery Sales 327,322.55 327,322.55

Merchandise Sales 1,205.64 1,205.64

Cost of Goods Sold - Baked 105,834.29 105,834.29

Cost of Goods Sold - Merchandise 859.77 859.77

Rent Expense 24,549.19 24,549.19

Wages Expense 10,670.72 10,670.72

Misc. Supplies Expense 3,000.46 3,000.46

Business License Expense 2,045.77 2,045.77

Misc. Expense 1,363.84 1,363.84

Depreciation Expense 677.86 677.86

Insurance Expense 1,091.08 1,091.08

Advertising Expense 1,549.74 1,549.74

Interest Expense 818.31 818.31

Telephone Expense 490.98 490.98

Gain/Loss on disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

b) The adjustments are made in the Adjusting entries column and referenced accordingly, while the effect is reflected in the adjusted trial balance column.

3 0

2 years ago

Each of the following quality control policies and procedures is typical of ones that can be found in public accounting firms’ s

hammer [34]

Answer:

Quality Control Policies and Procedures and the Elements of Quality (SQCS 8):

1. Assign management responsibilities in such a manner that commercial considerations do not override the quality of work performed.

d. Human resources

2. Establish policies and procedures for resolving differences of opinion among firm personnel that arise during professional engagements.

a. Leadership responsibilities for quality within the firm (the tone at the top)

3. Develop policies and procedures to ensure that professionals are provided appropriate professional development opportunities.

d. Human resources

4. Review engagement documentation, reports, and the client’s financial statements.

f. Monitoring

5. Develop effective performance evaluation, compensation, and advancement procedures. Identify circumstances and relationships that create threats to independence and take appropriate action to eliminate those threats or reduce them to an acceptable level.

b. Relevant ethical requirements

6. Identify whether the firm possesses the competency, capability, and resources to appropriately serve a specific client.

c. Acceptance and continuance of client relationships and specific engagements

7. Devote sufficient resources to develop, communicate, and support the firm’s quality control procedures.

d. Human resources

8. Retain engagement documentation for a sufficient period of time to satisfy the needs of the firm, professional standards, laws, and regulations.

e. Engagement performance

Explanation:

According to SQCS 8, the firm must establish and maintain a system of quality control. The six elements of the system of quality control are:

a. Leadership responsibilities for quality within the firm (the tone at the top)

b. Relevant ethical requirements

c. Acceptance and continuance of client relationships and specific engagements

d. Human resources

e. Engagement performance

f. Monitoring

6 0

2 years ago

When a complaint is lodged, or when inappropriate activity is brought to the attention of management, the manager should wait to

Natali [406]

Answer:

False

Explanation:

Manager should start investigation as soon as complaint is brought to his notice. He must not wait for the charge to be proven. He should be the one taking lead on the investigation and responsible for investigation. And after investigation if charge is proven then he is supposed to apply penalty according to company's policy. And if not proven then talk to individual who brought the charge and give them proof.

7 0

1 year ago

The skill you’re focusing on this week is:

Ludmilka [50]

could you explain some more please

8 0

1 year ago

You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end

Lesechka [4]

Answer:

- $45000

Explanation:

Economic profit is different from accounting profit in the sense that former also takes into consideration the implicit costs, also referred to as opportunity costs unlike the latter.

Economic Profit = Accounting profit - Opportunity Costs

Opportunity costs are defined as the the cost of sacrificed or foregone alternative for pursuing a particular alternative. Such costs are implicit or notional as they are not actually incurred.

In the given case, Economic Profit = Revenues - Explicit costs - Implicit costs

Here, the implicit cost is $60,000 income foregone.

Thus, Economic Profit = $20,000(income) - $ 5000 (expense) - $60,000 (opportunity cost)

Economic Profit = ($ 45,000) or -$45,000.

7 0

2 years ago