Suppose you are an HR manager who is conducting orientation for a group of new hires in the accounting department. All of the new hires will be working with accounts receivable. When the orientation is complete, which three pieces of information should all of the new hires have?
What will be an ideal response?
Following orientation, new employees should emerge with information about three key areas:
1. The job routine: At minimum, the new employee needs to have learned what is required in the job for which he or she was hired, how the work will be evaluated, and who the immediate coworkers and managers are.
2. The organization's mission and operations: Certainly all managers need to know what the organization is about—its purpose, products or services, operations, and history. Even low-level employees perform better if they have this knowledge.
3. The organization's work rules and employee benefits: This information may include formalized work rules, overtime requirements, grievance procedures, and employee benefits. There are also matters of law (such as those pertaining to sexual harassment) affecting work operations that every employee should be made aware of.
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A limitation of the internal rate of return method is that it:
A. Does not consider the time value of money. B. Lacks ability to compare dissimilar projects. C. Measures results in years. D. Ignores varying risks over the life of a project. E. Measures net income rather than cash flows.
Briefly explain why the European Union could be considered a threat to U.S. marketers that want to do business in Europe
What will be an ideal response?
On January 1 . SOMA issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 8 percent payable annually each January 1 . The bonds were priced to yield 1 . percent. The total issue price (rounded) of the bonds was
a. $1,000,000. b. $980,000. c. $920,000. d. $880,000.
Liabilities are reported on the:
A) income statement. B) statement of retained earnings. C) statement of cash flows. D) balance sheet.