The Following Items Are Taken from the Financial Statements of the Postal

question 135

Multiple Choice

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: $\begin{array}{lr}\text { Accounts payable } & \$ 18,000 \\\text { Accounts receivable } & 11,000 \\\text { Accumulated depreciation - equipment } & 28,000 \\\text { Advertising expense } & 21,000 \\\text { Cash } & 15,000 \\\text { Common stock } & 42,000 \\\text { Dividends } & 14,000 \\\text { Depreciation expense } & 12,000 \\\text { Insurance expense } & 3,000 \\\text { Note payable, due 6/30/16 } & 70,000\\\text { Prepaid insurance (12-month policy) } & 6,000 \\\text { Rent expense } & 17,000 \\\text { Retained earnings (1/1/15) } & 60,000 \\\text { Salaries and wages expense } & 32,000 \\\text { Service revenue } & 133,000 \\\text { Supplies } & 4,000 \\\text { Supplies expense } & 6,000 \\\text { Equipment } & 210,000\end{array}$ What are total current assets at December 31, 2015?

• A) $26,000
• B) $32,000
• C) $36,000
• D) $42,000

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Definitions:

Absenteeism

Refers to the consistent absence of an employee from their job without a valid reason, which can impact productivity and morale.

Team Viability

Refers to a team’s capacity for sustained success and maintaining effective performance over time.

Member Satisfaction

The degree to which the expectations and needs of a member of a group or organization are fulfilled.

Synergy

The interaction or cooperation among two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.