Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 5.4, Problem 1CC
What is the role of the EEOC?
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Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Cash
Accounts receivable
Office supplies
Land
Office equipment
Accounts payable
Owner investments
$ 8,450 Cash withdrawals by owner
16,950
4,080 Rent expense
Consulting revenue
Salaries expense
18,860 Telephone expense
Miscellaneous expenses
46,020
9,280
84,920
$ 2,930
16,950
4,420
7,900
860
680
Check my work
Exercise 1-21 (Algo) Preparing a statement of cash flows LO P2
Also assume the following:
a. The owner's initial investment consists of $38,900 cash and $46,020 in land.
b. The company's $18,860 equipment purchase is paid in cash.
c. Cash paid to employees is $2,700. The accounts payable balance of $9,280 consists of the $4,080 office supplies…
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=
ences
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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Cash withdrawals by owner
Consulting revenue
Salaries expense
Cash
$ 8,450
Accounts receivable
16,950
Office supplies
4,080
Rent expense
Land
46,020
Office equipment
18,860
Telephone expense
Accounts payable
9,280
Owner investments
84,920
Miscellaneous expenses
$ 2,930
16,950
4,420
7,900
860
680
Exercise 1-18 (Algo) Preparing an income statement LO P2
Using the above information prepare a December income statement for the business.
ERNST CONSULTING
Income Statement
Revenues
Rent expense
Salaries expense
Telephone expense
Total revenues
$
4,420
7,900
860
$
SA
Assets
Cash
8,450
Accounts receivable
16,950
Office supplies
4,080
Land
46,020
Office equipment
18,860
navable
9,280
13,180
5
11
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Assets
Current Assets
Cash
Credit card receivables
Accounts receivable
Marketable securities
Food Inventories
Prepaid expenses
Total Current Assets
Golden Bay Balance Sheet as at December 31
Year 2018
Year 2019
$ 18,500
9,807
$ 29,400
11,208
5,983
6,882
15,400
2,000
12,880
14,700
10 800
14 900
73370
79 090
Property Plant & Equipment
Land
Building
Equipment
Furnishings
$ 60,500
828,400
114,900
75,730
(330,100)
16 600
766 030
839 400
$ 60,500
884,400
157,900
81,110
(422,000)
18 300
7 80 210
859 300
Net: Accumulated depreciation
China, glass, silver, & linen
Total Assets
Liabilities & Stockholders' Equity
Current Liabilities
Accounts payable
Accrued expenses payable
Taxes payable
Current mortgage payable
Total Current assets
$ 19,200
4,200
12,400
26 900
62 700
$16,500
5,000
20,900
26 000
68 400
Long-term liabilities
Mortgage payable
Total Liabilities $
$512 800
$486 400
575 500
$555 200
Stockholders' Equity
Common stock ($5 par. 40,000 shares issued & OS) $200,000
Retained earnings…
Chapter 5 Solutions
Organizational Behavior
Ch. 5.1 - What is diversity?Ch. 5.1 - What are the three types of diversity encountered...Ch. 5.2 - How is diversity defined in relation to the...Ch. 5.2 - What are the components that make up a diverse...Ch. 5.3 - What are the challenges and opportunities that...Ch. 5.3 - What are the responsibilities of human resources...Ch. 5.3 - Can diversity be a strategic advantage to...Ch. 5.4 - What is the role of the EEOC?Ch. 5.4 - What are the types of discrimination encountered...Ch. 5.5 - What are the theories that can help managers...
Ch. 5.6 - How can managers reap the benefits of diversity?Ch. 5.6 - How can managers mitigate the challenges of...Ch. 5.6 - What is the access-and-legitimacy perspective?...Ch. 5.7 - How can managers ensure fairness in the...Ch. 5.7 - What is the role of leadership regarding...Ch. 5 - Define the three type of diversity and compare...Ch. 5 - How are demographics of the workforce changing?Ch. 5 - What are some major challenges that women face in...Ch. 5 - What is the model minority myth? How does it...Ch. 5 - What are some benefits of hiring older workers?Ch. 5 - Why would an employee pass or reveal at work? What...Ch. 5 - Explain the six benefits of workplace diversity...Ch. 5 - Compare how the cognitive diversity hypothesis and...Ch. 5 - Based on the justification-suppression model,...Ch. 5 - Describe challenges that managers must face when...Ch. 5 - How can employees ensure they are compliant with...Ch. 5 - What are some recommendations for managing...Ch. 5 - Based on Coxs business case for diversity, what...Ch. 5 - Under what form of federal legislation was Fowler...Ch. 5 - What strategies should have been put in place to...
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