Based Orders for Next Year JKL Industries Will Need to Produce

question 84

Multiple Choice

Based orders for next year JKL Industries will need to produce 5600 units each month to meet customer demands. Last year the company's 204 employees produced on average 5304 units each month. How many employees will JKL need to hire to meet the new demand?

• A) 4
• B) 8
• C) 12
• D) 16
• E) 26

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure that a company's books are in balance.

Financial Statements

Reports that summarize the financial performance and position of a company, including balance sheet, income statement, and cash flow statement.

Deferred Revenue

Money received for goods or services which have not yet been delivered or performed; recognized as a liability until the revenue earning criteria are met.

Earned

Income or revenue that has been realized or generated, typically through the sale of goods or services.