HC BUSN 270 - Human Relations (28 pages)

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Human Relations



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Human Relations

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Lecture Notes


Pages:
28
School:
Highline College
Course:
Busn 270 - Principles of Management and Superv

Unformatted text preview:

Principles of Management Chapter 8 Human Resource Management Principles of Management Why study HR Human Resource Management Principles of Management Management is the art of getting things done through people and things get done better with good people Principles of Management CoolBottled BottledWater Water Inc Inc Cool Income Statement Income Statement 12 Months Ending 12 31 03 12 Months Ending 12 31 03 Revenue Revenue Cost of Goods Sold Cost of Goods Sold Beginning Inventory 12 turns year Beginning Inventory 12 turns year Purchases Purchases Total Goods Available for Sale Total Goods Available for Sale Ending Inventory Ending Inventory Total Cost of Goods Sold Total Cost of Goods Sold 743 750 743 750 20 573 20 573 246 875 246 875 267 448 267 448 20 573 20 573 Gross Profit Gross Profit Operating Expenses Operating Expenses Executive Salaries 50k each Executive Salaries 50k each Payroll 20 of Sales Payroll 20 of Sales Rent 5k mo Rent 5k mo Advertising Advertising Depreciation Depreciation Utilities Utilities Professional Services Professional Services Insurance Insurance Licenses Licenses Total Operating Expenses Total Operating Expenses Net Income Before Federal Tax Net Income Before Federal Tax Federal Income Tax 25 Federal Income Tax 25 Net Profit Net Profit Payroll isis one one of of Payroll the firm s firm s major major the expenses expenses 246 875 246 875 496 875 496 875 Payroll 250 000 250 000 148 750 148 750 148 750 60 000 60 000 15 250 15 250 3 000 3 000 3 000 3 000 2 000 2 000 1 500 1 500 500 500 484 000 484 000 12 875 12 875 3 219 3 219 9 656 9 656 Principles of Management Joe Jones Joe Jones dba Joe Jones Company dba Joe Jones Company INCOME STATEMENT INCOME STATEMENT For the Twelve Months Ending December 31 2001 For the Twelve Months Ending December 31 2001 Revenue from Operations Revenue from Operations Cost of Goods Sold Cost of Goods Sold Beginning Inventory Beginning Inventory Purchases Purchases Goods Available for Sale Goods Available for Sale



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