These Items Are Taken from the Financial Statements of Drew

question 92

Essay

These items are taken from the financial statements of Drew Corporation for 2014. $$\begin{array} { l r } \text { Retained earnings (beginning of year) } & \$ 33,000 \\\text { Utilities expense } & 2,000 \\\text { Equipment } & 56,000 \\\text { Accounts payable } & 15,300 \\\text { Cash } & 15,900 \\\text { Salaries and wages payable } & 3,000 \\\text { Common stock } & 13,000 \\\text { Dividends } & 14,000 \\\text { Service revenue } & 78,000 \\\text { Prepaid insurance } & 3,500 \\\text { Maintenance and repairs expense } & 1,800 \\\text { Depreciation expense } & 3,300 \\\text { Accounts receivable } & 14,200 \\\text { Insurance expense } & 2,200 \\\text { Salaries and wages expense } & 47,000 \\\text { Accumulated depreciation-equipment } & 17,600\end{array}$$ Instructions
Prepare an income statement and a retained earnings statement for the year ended December 31, 2014 and a classified balance sheet as of December 31, 2014.

Understand the impact of generational differences on workplace dynamics and organizational culture.

Recognize the importance and challenges of managing change within organizations.

Assess the role of technology, including information technology, in transforming organizations.

Identify strategies for leveraging diversity and inclusion within the workforce.

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Definitions:

Onsite And Offsite

Referring to activities or work conducted within the main location (onsite) versus those carried out remotely or at another location (offsite).

Sports Arena

A large enclosed area designed and equipped to host sports events and potentially concerts or other entertainment events, featuring seating for spectators around the actual playing area or stage.

Fast-food Chains

A series of restaurants offering quick service and a menu of fast food items, characterized by a consistent set of offerings across locations.

Ecotourism

is responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.