The Assets and Liabilities of Rocky's Day Spa on December

question 121

Essay

The assets and liabilities of Rocky's Day Spa on December 31 and its revenue and expenses for the year are listed below. The capital of the owner was $68,000 on January 1. The owner invested an additional $10,000 during the year.? $$\begin{array} { | l | r | l | r | } \hline \text { Accounts payable } & \$ 4,375 & \text { Spa operating expense } & \$ 23,760 \\\hline \text { Accounts receivable } & 8,490 & \text { Office expense } & 2,470 \\\hline \text { Cash } & ? ? ? & \text { Spa supplies } & 9,230 \\\hline \text { Fees earned } & 98,435 & \text { Wages expense } & 26,580 \\\hline \text { Spa furniture and equipment } & 56,000 & \text { Drawing } & 38,170 \\\hline \text { Computers } & 2,130 & & \\\hline\end{array}$$ Prepare a balance sheet for the year ended December 31.?

Explore the special-interest effect and its impact on economic policy and society.

Recognize the unintended consequences of government regulations and their effects on the economy.

Identify the role of government in enforcing laws and contracts and its impact on economic risk and efficiency.

Discuss the challenges related to the size and scope of government in economic decision-making.

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Definitions:

HR Forecasting

The process of predicting future human resources needs of an organization based on current data, trends, and projected changes in the business environment.

Workforce Knowledge

The collective skills, expertise, and understanding possessed by an organization’s employees.

Skill Competencies

The set of abilities, knowledges, and skills that enable an employee to perform job tasks successfully.

Current Time Horizons

The present period during which an organization or individual focuses their planning and decision-making efforts.