Expectancy Theory Expectancy theory holds that people are motivated to behave in ways that produce desired combinations of expected outcomes. Generally, expectancy theory can be used to predict motivation and behavior in any situation in which a choice between two or more alternatives must be made. Victor Vroom's model of expectancy boils down to the decision of how much effort to exert in a specific task situation. This choice is based on a two-stage sequence of expectations. This exercise requires you to identify the components of expectancy theory and show the proper order of the relationships between them. For this activity, click and drag the major components of Vroom's Expectancy Theory that are listed on the lett into the correct places in the model. ----Expectancy --Valence --Performance Goal --Instrumentality --Etfort --Outcomes

Answers

Answer 1

The key components of Vroom's model of expectancy theory are expectancy, instrumentality, and valence.

Expectancy refers to an individual's belief that their effort will lead to a certain level of performance. Instrumentality refers to an individual's belief that their performance will be rewarded in some way.

Valence refers to the value an individual places on the rewards that they will receive.

In mathematical terms, the relationship between these components can be expressed using the following equation:

Motivation = Expectancy x Instrumentality x Valence

This equation shows that motivation is the product of these three components.

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Related Questions

How important are signs.symbols and designs in relation to carpentry?if you do not have access to internal.you may answer based on your opinion

Answers

Answer:

Symbols—such as gestures, signs, objects, signals, and words—help people understand that world. They provide clues to understanding experiences by conveying recognizable meanings that are shared by societies.

Explanation:

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Inseparability in services refers to the fact that.

Answers

Inseparability refers to : The consumer cannot distinguish between the service provider from the service itself.

What Is Service Inseparability?

Service inseparability means that the production and consumption of a service can't be separated from the provider of that service. It also requires that a customer is physically participating in the consumption of the service.

The above means every part of the experience is tied together. A customer can't separate the consumption of the service they've purchased from the provider.

Hence, Inseparability means consumer cannot distinguish between the service provider from the service itself.

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Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from part-time jobs. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her rate? c. How much is taxed at her parent's rate?

Answers

Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE​

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate​ $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

FILL THE BLANK. according to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.

Answers

According to the principle of comparative advantage, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.

The principle of comparative advantage is an economic concept that suggests countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. Opportunity cost refers to the value of the next best alternative that must be given up in order to produce a particular good or service. When a country specializes in producing a specific product, it can allocate its resources more efficiently, leading to increased productivity and economic growth. However, this specialization comes at the cost of sacrificing the production of other goods or services for which the country may have had some comparative advantage but chooses not to pursue.

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what tool is used to easily clean metal scales, old paints and rust​

Answers

what tool is used to easily clean metal scales, old paints and rust

Answer:

CHIPPING HAMMER

Explanation:

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1. What is the annual percentage rate (APR) for this credit card?

2. For cash advances what is the APR?

3. What three things would move the APR for the balance on this credit card to 28.99%?

4. What is the annual fee that customers are charged for holding this credit card?

5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?

a. What would be the APR charged for the transferred balance?

6. What is the fee for a cash advance?

7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?

8. If you are late on making a payment, what would be the fee charged?

9. What would be the fee charged if you went over your credit limit?

1. What is the annual percentage rate (APR) for this credit card?2. For cash advances what is the APR?3.

Answers

Answer:

1.  For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%

2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance,  the amount charged at 17.99% would be 0.1799 x 200 =$35.98.

3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.

4. The annual fee charged for the credit card is $20.

5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.

  a.  The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.

6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.

7. 2% of the amount charged (in US dollars) in a transaction.

8.  A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.

9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%

Explanation: explanations are with the answers listed above.

In a continuous, automatic bottling of mineral water plant, the quality inspector wants to plot a x bar chart to monitor the volume of water in the bottles being filled. She has taken 30 samples with 4 observations each. The process average is 250 ml and standard deviation is 0.16 ml.
a. Calculate the upper and lower control limits for the process. (5 Marks)
b. What are the main objectives of process capability? (5 Marks)

Answers

a. The upper control limit (UCL) for the X bar chart can be calculated as 250 + (3 * 0.16/sqrt(4)) = 250.24 ml. The lower control limit (LCL) is 250 - (3 * 0.16/sqrt(4)) = 249.76 ml. b. The main objectives of process capability are to assess and improve the performance of a process to meet customer requirements and achieve consistent quality.

Given that 30 samples were taken with 4 observations each, we have n = 30 and we need to calculate the average range.

Next, we need to calculate the control chart constant A2 based on the sample size. For n = 4, A2 is approximately 0.729 (obtained from statistical tables for the x-bar chart).

Finally, we can calculate the upper and lower control limits using the formulas above.

b. The main objectives of process capability are:

1. Assessing whether a process meets customer requirements: Process capability analysis helps determine if a process is capable of producing outputs that meet the specified customer requirements. It provides a measure of how well the process performs relative to the desired target values and allowable variability.

2. Identifying and reducing variability: Process capability analysis allows for the identification of sources of variation within a process. By understanding and addressing these sources, organizations can reduce variability and improve process performance, leading to consistent and predictable outputs.

3. Continuous improvement: Process capability analysis provides a baseline for process performance and serves as a benchmark for measuring improvements over time. It helps organizations identify areas for improvement and focus their efforts on enhancing process capability and efficiency.

4. Setting realistic performance goals: Process capability analysis provides insights into the current performance of a process and helps set realistic performance goals. By understanding the inherent variability and limitations of a process, organizations can establish achievable targets and work towards meeting or exceeding them.

5. Enhancing customer satisfaction: Ultimately, the main objective of process capability is to enhance customer satisfaction. By improving process capability, organizations can consistently deliver products or services that meet or exceed customer expectations, leading to higher levels of satisfaction and loyalty.

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At the beginning of the year, Oak Corp. (an S corporation) had $50,000 in its AAA, $30,000 of earnings and profits from prior C corporation years. During the year, Oak earned $25,000 of ordinary income and paid $100,000 in distributions to its shareholders. Assume that Ethan owns 25% of Oak Corp. his basis in Oak Corp. stock at the beginning of the year is $5,000, and his share of the distribution was $25,000. How much income does Ethan recognize this year from these transactions?

Answers

Answer:

$20,000

Explanation:

Calculation to determine How much income does Ethan recognize this year from these transactions

First step is to calculate the share of ordinary income Amount

Share of ordinary income amount=$25,000 × 25%

Share of ordinary income amount=$6,250

Second step is to calculate AAA distribution

AAA distribution=[$50,000 + $25,000] × 25%]-[$30,000-($50,000 + $25,000 × 25%)]-

AAA distribution =$18,750-$11,250

AAA distribution=$7,500

Third step is to calculate the distribution treated as dividend

Distribution treated as dividend= $25,000 × 25%

Distribution treated as dividend= $6,250

Now let calculate the income recognized

Income recognized=$6,250+$7,500+$6,250

Income recognized=$20,000

Therefore How much income does Ethan recognize this year from these transactions is $20,000

Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible

Answers

Answer:

Forward channel ally

Explanation:

The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.

It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.

Forward channel ally are the next steps in the distribution channel.

In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.

Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage

Which form does a person complete to demonstrate his or her legal ability to work and pay taxes on income?
A. W-2
B. I-9
C. 1040
D. W-4

Need fast I’ll give brain..

Which form does a person complete to demonstrate his or her legal ability to work and pay taxes on income?A.

Answers

Answer:

I-9

Explanation:

A P E X

A  person complete to demonstrate his or her legal ability to work and pay taxes on income with the help of I-9 form.

What is  I-9 form?

I-9 form is a form that is used by the employers. This can use I-9 to check who is permitted to work in the United States.

Every new employee employed after November 6, 1986, must fill out a Form I-9. With the use of the I-9 form, a person can demonstrate his or her legal ability to work and pay income taxes.

Therefore, option B is correct.

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what is a primary reason why some small businesses resist the opening of large chain retailers like walmart or home depot

Answers

One primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot is their fear of competition.

Small businesses are the backbone of many countries' economies. These small businesses are frequently referred to as the backbone of the economy. They are responsible for the majority of job creation and economic activity. However, with the advent of large chain retailers, small businesses have been greatly threatened, resulting in resistance from some small businesses.

In this context, one primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot is their fear of competition. Small businesses are concerned that these large chain retailers will provide an unfair advantage, allowing them to undercut local pricing and potentially drive small businesses out of operation.

Many small businesses do not have the resources to compete with large corporations. Large corporations have the financial resources to invest in research and development, marketing, and advertising. This investment allows them to gain a competitive advantage over small businesses. The entrance of a large chain retailer like Walmart into a town frequently leads to the closure of small businesses.

Additionally, Walmart's influence extends beyond its direct suppliers to include local suppliers. Small businesses that supply to Walmart frequently experience a decrease in profit margins, which can have a detrimental impact on their business operations.

In addition, Walmart frequently utilizes its market power to force suppliers to lower prices, reducing supplier profit margins even further. These factors result in resistance from small businesses when large chain retailers attempt to enter their communities.

In conclusion, the fear of competition from large corporations is the primary reason why small businesses resist the opening of large chain retailers like Walmart or Home Depot. They are concerned that the chain will be able to undercut their prices and drive them out of operation, leading to the closure of their businesses.

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What does indigenous technology mean?​

Answers

Answer: I hope this is helpful mark brainlist if right then no if wrong

Explanation:

Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.

A new computer system will require an initial outlay of $20,500, but it will increase the firm s cash flows by $4,800 a year for each of the next 6 years.
a. Calculate the NPV and decide if the system is worth installing if the required rate of return is 8%.
b. Calculate the NPV and decide if the system is worth installing if the required rate of return is 1

Answers

Since the NPV is positive ($1,720.02), the computer system is worth installing if the required rate of return is 8%.

Since the NPV is still positive ($7,346.86), the computer system is worth installing even if the required rate of return is 1%.

a. To calculate the Net Present Value (NPV) of the computer system, we need to discount the cash flows using the required rate of return (also known as the discount rate). The formula for NPV is:

NPV = (Cash Flow / (1 + r)^n) - Initial Outlay

Where:

Cash Flow = $4,800 (annual cash flow)

r = 8% (required rate of return)

n = 6 (number of years)

Initial Outlay = $20,500

Let's calculate the NPV:

NPV = ($4,800 / (1 + 0.08)^1) + ($4,800 / (1 + 0.08)^2) + ($4,800 / (1 + 0.08)^3) + ($4,800 / (1 + 0.08)^4) + ($4,800 / (1 + 0.08)^5) + ($4,800 / (1 + 0.08)^6) - $20,500

NPV = $4,444.44 + $4,115.23 + $3,811.07 + $3,530.99 + $3,273.15 + $3,035.24 - $20,500

NPV = $22,220.02 - $20,500

NPV = $1,720.02

b. Using the same formula and calculation process as above, but with a required rate of return of 1%, we get:

NPV = $4,800 / (1 + 0.01)^1 + $4,800 / (1 + 0.01)^2 + $4,800 / (1 + 0.01)^3 + $4,800 / (1 + 0.01)^4 + $4,800 / (1 + 0.01)^5 + $4,800 / (1 + 0.01)^6 - $20,500

NPV = $4,752.48 + $4,705.83 + $4,660.78 + $4,617.32 + $4,575.41 + $4,535.04 - $20,500

NPV = $27,846.86 - $20,500

NPV = $7,346.86

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The most helpful kind of business and why?

Answers

Answer:

Hair Salon

Explanation:

An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.

refrigerant will migrate to a compressor crankcase when ther is a difference between the oi pressure abnd what charscrtists of the refrigerants

Answers

Refrigerant will migrate to a compressor crankcase when there is a difference between the oil pressure and the characteristics of the refrigerant, such as vapor pressure or density.

Refrigerant will migrate to a compressor crankcase when there is a difference between the oil pressure and the characteristics of the refrigerant such as vapor pressure or density. The migration of refrigerant to the crankcase typically occurs when there is a lower pressure in the crankcase compared to other parts of the refrigeration system. This pressure difference, combined with the properties of the refrigerant, can cause the refrigerant to flow towards the crankcase. Factors such as temperature differentials, system design, and compressor operation can influence the migration of refrigerant. It is important to properly manage and control refrigerant migration to ensure the efficient and reliable operation of the refrigeration system.

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According to the studies noted in the textbook, fractional aircraft ownership is cost effective with a travel budget less than $200,000 and an expectation of flying _______ hours per year.

Answers

The answer is: 145-390

Explanation:

According to the studies noted in the textbook, fractional aircraft ownership is cost effective with a travel budget less than $200,000 and an expectation of flying “145-390” hours per year.

true or false: the fixed-charge coverage ratio requirement improves the company's ability to pay dividends.

Answers

The fixed-charge coverage ratio requirement improves the company's ability to pay dividends - False.

What are dividends?

Dividends are a portion of the company's profits or income, the amount of which is determined by the board of directors and ratified by a meeting of shareholders to be distributed to shareholders.

Usually, dividends are distributed by the company once or twice a year. However, some companies do not pay dividends because the funds originating from the company's income are invested in business capital. This condition is called retained earnings. On the other hand, companies that record losses also usually do not pay dividends.

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Successful business organizations should take actions to convert internal weaknesses into ____ and external threats into ____.

a.strengths; core competencies
b.opportunities; strengths
c. strengths; opportunities
d. opportunities; core competencies
e. core competencies; strengths

Answers

It should be noted that successful business organizations should take actions to change weaknesses to strength and threats to opportunities.

Strengths in business

It should be noted that it's important for business to compete with others through having good products, quality staffs, etc.

Successful business organizations should take actions to convert internal weaknesses into strengths and external threats into .

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true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly

Answers

Answer:

False

Explanation:

A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.

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The explanation for a downsloping aggregate demand curve differs from the explanation for the downsloping demand curve for a single product because multiple choice 2 a downsloping, single-product demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping, single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.

Answers

Answer:

single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.

Explanation:

When the aggregate demand curve i.e. downward sloping would be different to the demand curve for the single product i.e. also downward sloping is due to as the single product demand curve would assume that the income would be constant in such a way the less price would lead a substitution that the product is not expensive at all

So the above would be the reason  

How do you apply formatting features from one piece of text to multiple pieces of text using the Format Painter?

Answers

It was the apply formatting features from one piece of text to multiple pieces of text using the Format Painter as select the text, select the format Painter, and they apply the formatting.

What is Format Painter?

The term Format Painter was the apply the same formatting on such text in the multiple times. It was the font style, border style, multiple pieces of text, and the other things. It was the repetition of the method.

According to the case, was the using the Format Painter. Format Painter was to apply formatting features to work as one piece of text to multiple pieces of text.

Standard toolbar → double-click the Format Painter → select text → apply the formatting.

As a result, the significance of the apply formatting features are the aforementioned.

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How has the Internet changed entertainment marketing?

Answers

Explanation:

The evolution of the internet has made it possible for artists to target and grow fan followings all over the world. This means that the typical type of venue has also shifted. Instead of targeting one city or area, artists can advertise their new releases, concerts, and merchandise via social media posts.

Borrowing money to pursue an advanced degree makes sense if _____. a. you can earn a scholarship to pay for your educational costs b. your future earnings potential outweighs the debt you may accrue c. you already have the financing to pay out of pocket d. your employer is willing to pay for your tuition please select the best answer from the choices provided a b c d

Answers

Answer

Option c is CORRECT answer

Explanation:

Borrowing money to pursue an advanced degree makes sense if You already have the financing to pay out of pocket.

Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112,800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019. How much bad debts expense will Great Landscapes report in 2019

Answers

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Great Landscapes report in 2019

Using this formula

2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000

HURRYY
Borrowing money to pursue an advanced degree makes sense if
a. You can earn a scholarship to pay for your educational costs
b. Your future earnings potential outweighs the debt you may accrue
C. You already have the financing to pay out of pocket
d. Your employer is willing to pay for your tuition

Answers

Answer:

b. Your future earnings potential outweighs the debt you may accrue

Explanation:

Consider taking the loan to finance the advanced degree as an investment project. The project can is beneficial to the owner if the projected future income outweighs the cost of investments. A project makes sense if it generates profits.

Borrowing money to pay for the advanced degree will make sense if potential future earnings exceed the debts incurred.

Answer:

b

Explanation:

determine the net income of a company for which the following information is available for the month of july. employee salaries expense$ 197,000 interest expense27,000 rent expense37,000 consulting revenue468,000 multiple choice $207,000. $261,000. $281,000. $468,000. $729,000.

Answers

The net income of  the company is $207,000

What is the net income of the company?

The net income of the company is the consulting revenue minus the salaries expense, the interest expense as well as the rent expense for the month of July.

The net income=consulting revenue-rent expense-interest expense-salaries expense

consulting revenue=468,000

salaries expense=197,000

rent expense=37,000

interest expense=27,000

net income=468,000-197,000-37,000-27,000

net income=$207,000

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List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and achievements and should span 10 years.

can someone help me I want to go into the Navy or be a Tattoo artist and I can't think of anything for this.
30 POINTS!!

Answers

Explanation:

Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.

Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.

Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.

Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. On December 31, the Accounts Receivable balance was $300,000, and the Allowance for Doubtful Accounts had a credit balance of $21,400 before adjustment. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear in the December 31 balance sheet. (Do not use negative signs with your answers.)

Answers

Answer: See explanation

Explanation:

Firstly, we need to calculate the amount of bad debt. This will be:

= Credit sales × Bad debt expense

= $1900000 × 2%

= $38000

Also, the adjusted balance of allowance account will be the addition of the uadjusted balance of Allowance account and the bad debt expense which will be:

= $21,400 + $38000

= $59,400.00

Then, the balance sheet will be:

Accounts receivables = $300,000

Less: Allowance for Doubtful Accounts = $59,400

Net Realizable value of Accounts receivables = $240,600

list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.

Answers

Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.

Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:

1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.

2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.

3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.

4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.

5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.

These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.

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PLEASE HELP!!!
Money going out of a business is called _BLANK_.

A. income
B. expenses

Answers

Answer:

Expenses

Explanation:

Other Questions
[The Singapore Government has taken various fiscal policy measures to manage the economic impacts of the COVID-19 pandemic and support the economy through the pandemic-induced recession.](a) [We learnt in class that fiscal policy measures mainly work through the Aggregate Demand side of the economy in the short run. Discuss two macroeconomic effects that affect the size and the direction of the shift in Aggregate Demand. Provide a diagram to illustrate these effects.Your answer: maryanns car is being towed from its parking space on the street in front of her home. the other than collision coverage of her personal auto policy will cover her loss if the:;A. police had a warrant to seize the car as evidence in an investigationB. tow truck operator was unlawfully removing her carC. car was being towed because it was parked illegallyD. car was be repossess by the lender true or false conggress meets in many of our major cities A student is holding a 1 kg bag. What is the normal force on the bag from the ground? Question 4 of 10You have $10.00 and want to buy all of the items below. How much changewill you have left after you make your purchase? Do not include $ in youranswer.COSTITEMPancake MixEggsSyrup$2.18$2.28$3.98PLS HELP! donna is an od practitioner who is just learning how to develop a performance appraisal. what could hinder her from being successful in implementing her appraisal? a senior citizen gets a part-time job at a fast-food restaurant. she earns $ per hour for each hour she works, and she works exactly hours per week. thus, her total pretax weekly income is $. her total income tax assessment each week is $, but she has determined that she is assessed $ in taxes for the final hour she works each week. part 2 this person's average tax rate each week is enter your response here percent. (round your answer to one decimal place) part 3 the marginal tax rateloading... for the last hour she works each week is enter your response here percent. (round your answer to one decimal place) quizlet Why would scientists find it useful to know the densities and volumes of different materials? Please respond in 12 complete sentences using your best grammar. What is the most common method that Americans use to access their bank account? What percent of your body weight does muscle make up? #110 pointsA bag contains the following:2 blue marbles,3 black marbles,5 red marbles.If Joe pulls two marbles with replacement, what isthe probability of them both being blue? A mirror at an amusement park shows an upright image of any person who stands 1.4 m in front of it. If the image if three times the person's height, what is the radius of curvature? Write the following decimal in three different ways using unit form 3.754 2. what is "digital engine" and how does it work? what is unique about it? 3. are master cards marketing programs working? should ajay banga, ceo of master card, increase the budget for marketing? #EdmentumLivesMatter please help homework questions I font know any of these1. Which muscle is involved with shoulder abduction?subscapularissupraspinatusteres minorteres major2. Sports t HELP ME OUT HERE PLEASEEEEE Select the correct array representation of the binary heap after adding element 6 to it. Oa. [6, 11, 10, 33, 34, 21, 20, 99, 5] , Ob. [5, 11, 10, 33, 34, 21, 20, 99,6] Oc. [5, 6, 10, 33, 34, 21, 20, 99, 11] Od. [5, 6, 10, 11, 34, 21, 20, 99, 33] Complete the sentences with the words in brackets. You must not change the words in brackets in any way.1.She said shed send me a message. (promised)She.....me a message.2.I feel I must open a bank account. (want)I......open a bank account.3.He needed shoes for the wedding, so he went to the city centre. (buy)He went to the city centre.....shoes for the wedding.4.We decided we would have a barbecue in the garden. (to)We.....a barbecue in the garden.5.Its important that people are healthy. (be)Its important.......healthy.6.I feel I mustnt leave home yet. (want)I dont.....home yet. I really need help on this I also have a test on functions anyone willing to help