Analyze the business transactions using the accounting equation

Overview You are currently an HR analyst at a top consumer goods company, in the head corporate office. One morning, you receive a memo from your manager of a sample of events that occurred in the month of March 2019: a. The HR department hired 5 new employees and received confirmed signed contracts. The pay for the 5 new hires are as follows: $35,000; 50,000; 70,000; 80,000 and the last hire is a summer intern that will be paid $17/hour for a 40-hour work week. b. The recruitment team spent $17,000 to purchase company "swag", as well as printing materials, which they will use to promote their company at university student recruitment events. c. Wages, and salaries for the month of March were paid in cash for all earnings by employees in the head corporate office; the total for this was $2,488,000. d. The HR department recently received approval on their proposal to implement a new payroll system. They signed an agreement with the vendor and your company purchased this for $350,000. e. An external strategy coach was hired to conduct facilitation classes for the HR team. The coach charges $250/hour and has spent a total of 48 hours to conduct these classes for the team. The coach has not yet been paid. Required In this assignment, you are to take the role of an HR analyst. Your manager wants to get a better understanding of how business transactions affect the financials and more importantly how HR impacts the bottom line of the company's finances and has asked you to do the following:

Assignment 3: Comprehensive Case Assignment HRM 817: Business and Finance Accounting McMaster University Centre for Continuing Education 2 of 4 1. 2) What ratios would you use to get a better understanding of the company's current state? As you are working on the above tasks, you get additional questions from your manager and she asks the following: 3) "Does HR need to worry about accruals or is that solely an accounting term?" Please explain and provide additional details on this. 4) "We may also need to replace some of our equipment (boards, stands) that the recruitment team uses at university events. Please analyze whether we should retain or replace these. I don't want to ask the accounting department for the specific calculation as I'm sure we can determine this calculation ourselves. They simply said "it's a very simple calculation, a matter of 'option 1: do we retain vs option 2 do we replace' They also mentioned that there is no need to consider any present value, or anything like that... again just a simple calculation using the information provided". Here is the information: a. These boards and stands have been used at many university and college recruitment events and there has been some wear and tear through all the travel. Last year the recruitment team spent $1,000 to fix some of the equipment. The facilities team at the company confirmed that another $1,500 would be needed for some additional repair. Another option is to replace all the recruitment equipment - office depot shows this new equipment to be sold at $7,000. The current estimate on both the old and new equipment is a useful life of 8 years. For the new equipment, Office depot as well as company facilities team stated that it is more efficient and can reduce operating expenses by $500 per year. In addition to this the new recruitment equipment is top of the line and can be rented out to other companies (for $2000) if we promote this online."