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

question 3

Multiple Choice

The following items are taken from the financial statements of the Freight Service for the year ending December 31 2016: $\begin{array}{lr}\text { Accounts payable } & 19,000 \\\text { Accounts receivable } & 13,000 \\\text { Accumulated depreciation - equipment } & 26,000 \\\text { Advertising expense } & 21,200 \\\text { Cash } & 15,000 \\\text { Owner's capital (1/1/16) } & 104,000 \\\text { Owner's drawings } & 11,000 \\\text { Depreciation expense } & 12,000 \\\text { Insurance expense } & 3,800\\\text { Note payable, due } 6 / 30 / 17 & 72,000 \\\text { Prepaid insurance (12-month policy) } & 7,200 \\\text { Rent expense } & 16,000 \\\text { Salaries and wages expense } & 32,000 \\\text { Service revenue } & 135,000 \\\text { Supplies } & 5,000 \\\text { Supplies expense } & 6,000 \\\text { Equipment } & 210,000\end{array}$ What are total current assets at December 31 2016?

• A) $28000
• B) $35200
• C) $40200
• D) $46200

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Definitions:

Job Design

The process of organizing tasks, duties, and responsibilities into a productive work unit to accomplish organizational objectives efficiently.

Job Characteristics Theory

A theory that suggests certain job characteristics can improve employee job satisfaction, motivation, and productivity by enhancing psychological states related to the work.

Core Job Dimension

Fundamental aspects of a job that affect employee motivation and job satisfaction, such as skill variety, task identity, and feedback.

Critical Psychological State

Refers to an individual's mental condition that can significantly influence their motivation, efficiency, and satisfaction in the workplace.