Jenkins Company Began Business in June When Stockholders Invested $80,000

question 127

Multiple Choice

Jenkins Company began business in June when stockholders invested $80,000 in the business,which in turn issued its common stock to them.Jenkins Company then purchased a building for $40,000 cash and inventory for $20,000 cash,performed services for clients for $10,000 cash,purchased supplies for $5,000 cash,and paid utilities of $2,000 cash.What is the amount of Cash at the end of June?

• A)$20,000
• B)$23,000
• C)$30,000
• D)$43,000

Understand the difference between performance effectiveness and performance efficiency in organizational contexts.

Recognize the impact of resource utilization and goal attainment on organizational performance.

Identify current organizational trends and their implications for management practices.

Describe the activities and responsibilities of different levels of managers within organizations.

---

Definitions:

Second Shift

Refers to the phenomenon where individuals, often women, perform unpaid labor at home after completing their paid workday, highlighting the dual burden of employment and domestic responsibilities.

Domestic Labour

Work performed within the home, such as cooking, cleaning, and childcare, often undervalued in economic terms and traditionally performed by women.

Social Reproduction

The process by which societies transmit cultural, social, and economic systems across generations, maintaining continuity and norms.

Capitalist Economy

An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in a market.