Assume That the Accounts Payable Department of a Company Has

question 45

Essay

Assume that the accounts payable department of a company has five clerks; each one is paid $25,000 per year ($125,000 total clerical salaries).On average,the clerks spend:
20% of time on processing payments
30% of time matching invoices,receiving documents,and billing statement
50% of time correcting errors in the various documents
In addition,long distance telephone costs of $1,700 are directly traced to the activity "correcting errors."
A. Assign the clerical salary cost to each of the three activities.
B. What is the total cost of the "correcting errors" activity?

Distinguish between synchronous and asynchronous training methods and their suitability for different learning needs.

Understand the use and benefits of Web 2.0 technology in training and collaborative learning.

Analyze the effectiveness of computer-based training compared to traditional classroom instruction.

Appreciate the role of personal choice in the effectiveness of training methods.

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Definitions:

Refund

The act of returning money previously paid for a product or service, usually due to dissatisfaction or a defect.

Authority

Involves the right or power to give orders, make decisions, and enforce obedience within an organizational or social context.

Cultivating Others

The act of nurturing, developing, and enhancing the skills, knowledge, and abilities of other individuals.

Relationships

Connections or associations between two or more people, entities, or concepts, often characterized by mutual interactions and emotional bonds.