Performance appraisal is the procedure by which a business learns whether an employee's actual performance closely resembles his or her performance plan.
What is the procedure of performance evaluation?The process of determining whether your staff are succeeding in their positions is known as a performance evaluation, also referred to as a performance appraisal. These evaluations are frequently used by organizations to decide if a candidate is qualified for a promotion or pay increase.
What are the two different performance types?In essence, tactical performance is how well you execute your plan, and adaptive performance is how well you deviate from it. Every successful person requires both. A set procedure for contacting prospects will help a great salesperson work much more efficiently.
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The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Accounts receivable $45,000, Prepaid insurance 4,500, Land 50,000, Accounts payable 39,000, Notes payable 55,000, Retained earnings 12,000, Dividends 2,000, Fees earned revenue 65,000, Selling expenses 34,500, Administrative expenses 12,750, Miscellaneous expense 1,250.
The required Journal Entries that are required to close the book for the selected four accounts at year-end include the following:
Journal Entries:
December 31,
Debit Fees earned revenue $65,000
Credit Income Summary $65,000
To close the Fees revenue to income summary.
Debit Income Summary $34,500
Credit Selling expenses $34,500
To close the selling expenses to income summary.
Debit Income Summary $12,750
Credit Administrative expenses $12,750
To close the administrative expenses to income summary.
Debit Income Summary $1,250
Credit Miscellaneous expense $1,250
To close the miscellaneous expenses to income summary.
Data Analysis:
1. Accounts to be closed to Income Summary are:
Fees earned revenue $65,000 Income Summary $65,000
Income Summary $34,500 Selling expenses $34,500
Income Summary $12,750 Administrative expenses $12,750
Income Summary $1,250 Miscellaneous expense $1,250
2. Assets and Liabilities accounts:
Accounts receivable $45,000
Prepaid insurance 4,500
Land 50,000
Accounts payable 39,000
Notes payable 55,000
Retained earnings 12,000
Closed to Retained earnings: Dividends 2,000
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Advertising, personal selling, and public relations are part of the ______ element of the marketing mix. Multiple choice question. price promotion place product
Answer:
Promotion
Explanation:
Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.
Name:
Video #1
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #2
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #3
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
In personal finance, one makes decisions based on needs vs. wants. What is considered a need?
something one would like to have
something ones does not budget for
something one can afford
something one cannot live without
Answer:
D. something one cannot live without
Explanation:
In personal finance, one makes decisions based on needs vs. wants. Something one cannot live without is considered a need. The correct option is d.
What is personal finance?Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.
Individual goals and desires and a plan to fulfil those needs within your financial constraints also impact how you approach the above items. To make the most of your income and savings, it’s essential to become financially savvy it will help you distinguish between good and bad advice and make intelligent financial decisions. Personal finance is about meeting your personal financial goals.
The five areas of personal finance are income, saving, spending, investing, and protection.
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with digital marketing, you can provide customers personalized communication directly through channels such as email and social media. which advantage of digital marketing does this represent?
Your outcomes are simple to quantify, You can establish connections with clients and Results appear more quickly.
What is digital marketing?Digital marketing, also referred to as online marketing, is the practice of promoting brands over the web and other digital communication channels. This includes email, social media, web-based marketing, text and multimedia messages, and other marketing channels.
Using the Internet, other online-based digital technology, such as desktop and portable computers, in addition to other digital media and platforms, digital marketing promotes products and services. Digital marketing, also referred to as online advertising, is the process of promoting companies over the internet and other digital communication channels.
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imapct of corona virus as one of the socio - economic issues on business
Answer: It has also sparked fears of an impending economic crisis and recession. Social distancing, self-isolation, and travel restrictions have lead to a reduced workforce across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured products has decreased.
Hope this helped!
Answer:
the impact of the corona virus on bussisess and the econmy has made people lose their jobs and bussineses shut down
Explanation:
you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Based on the data collected in this question, determine which recession brought more serious impacts to hong kong economy. provide evidence to support your answer.
To determine which recession brought more serious impacts to the Hong Kong economy, we need to analyze the data collected on both the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis.
The Asian Financial Crisis had a severe impact on Hong Kong's economy as it led to a sharp drop in property prices, stock market crash, and high levels of unemployment. Hong Kong's GDP growth rate fell from 5.1% in 1996 to -5.1% in 1998. In addition, the Hong Kong dollar was pegged to the US dollar, which made it vulnerable to speculative attacks by currency traders. This led to the depletion of Hong Kong's foreign reserves, and the government had to intervene to defend its currency.
On the other hand, the impact of the Global Financial Crisis was not as severe on Hong Kong's economy as it was on other countries. Hong Kong's economy was affected by the slowdown in global trade, but the government's swift actions, including stimulus packages and measures to stabilize the financial sector, helped to mitigate the impact. Hong Kong's GDP growth rate fell from 7.5% in 2007 to -2.5% in 2009.
Therefore, based on the data collected, the 1997 Asian Financial Crisis brought more serious impacts to Hong Kong's economy than the 2008 Global Financial Crisis. The evidence of the sharp drop in property prices, stock market crash, high unemployment levels, and depletion of foreign reserves, demonstrates the severity of the crisis on the economy .
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Write a letter to your friend telling him/her about your health condition?
Answer:
Explanation:
Dear Y,
How are you? I hope you are well. I received your letter two days ago. But I could not answer in time because of my illness.
On last Saturday I went to school as usual. When I was returning home, it started rain. As I was in the way, there was no place to take shelter. As a result I got drenched. Soon after reaching home, I started coughing. I caught acute cold fever by night. Since then, I have been suffering from fever. Father took me to a doctor. But the doctor said that it would take at least 5 days to get cured. So, I am in bed now.
No more today. Take care of you and don’t move while it’s raining. Please pay a visit to our house if possible. Waiting for your reply.
Your loving friend
X
How can you stop
yourself from interrupting others ( 3-5 sentences)
Explanation:
Non verbal cues are crucial in indicating that another person is metaphorically punctuating their sentences and waiting for a response. This may include their voice pitching down or a small shrug to indicate they are finished their point and you may talk. Additionally, before speaking, a small pause is beneficial in allowing buffer time for the other party to speak.
Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.
Answer and Explanation:
The journal entries are shown below;
(a)
Cash $39,000
Accumulated Depreciation $36,000 [($73,000 - $13,000) × 3 ÷ 5]
To Equipment $73,000
To Gain on Sale of Equipment $2,000
(being the sale of equipment is recorded)
(b)
Depreciation $4,000 [($73,000 - $13,000) ÷ 5 × 4 ÷12]
To Accumulated Depreciation $4,000
(being depreciation expense is recorded)
Cash $39,000
Accumulated Depreciation $40,000 ($36,000 + $4,000)
To Equipment $73,000
To Gain on Sale of Equipment $6,000
(being the sale of equipment is recorded)
(c)
Cash $22,000
Accumulated Depreciation $36,000
Loss on Sale of Equipment $15,000
To Equipment $73,000
(being the sale of equipment is recorded)
(d)
Depreciation $9,000 [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]
To Accumulated Depreciation $9,000
(Being depreciation expense is recorded)
Cash $22,000
Accumulated Depreciation $45,000 ($36,000 + $9,000)
Loss on Sale of Equipment $6,000
To Equipment $73,000
(being sale of equipment is recorded)
the hat industry has a lerner index of 0.33. based on this information, a firm with marginal cost of $10 should charge a price of
Lerner in 1934, the Lerner index is expressed in the following formula: Lerner index = P - MCP where P represents the price of the true set by using the firm and MC represents the firm's marginal cost. Essentially, the index measures the proportion markup that a firm is capable to charge over its marginal cost.
What does a Lerner index of 1 mean?pure monopoly
The Lerner index is an economics measure to gauge monopoly. It determines the relationship between a commodity's promoting charge and marginal value of production. It is denoted with the aid of 'L. ' When 'L = 0', it signifies best competition; similarly when 'L = 1,' it shows a pure monopoly.
Can Lerner index be larger than 1?Image end result for the hat enterprise has a lerner index of 0.33. primarily based on this information, a association with marginal fee of $10 must charge a rate of
The Lerner index can by no means be greater than one. As a result, if the company is maximizing profit, the elasticity of demand facing it can in no way be less than one in magnitude (|E|<1).
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assume you know that robert has told a lie about a friend of yours, yolanda. you tell yolanda that she should sue for defamation, but she has no interest in that. can you sue on behalf of yolanda?
No, you cannot sue on behalf of Yolanda for defamation. In legal terms, the right to sue for defamation belongs to the person who has been defamed.
Defamation is a personal injury, and only the person who has been injured has the right to bring a lawsuit. If Yolanda has no interest in suing Robert for defamation, then you cannot bring a lawsuit on her behalf, even if you believe that Robert has told a lie about her and that she has been defamed. You may be able to offer support or advice to Yolanda, but ultimately, the decision to sue must be made by Yolanda herself.
It's important to remember that lawsuits should only be brought as a last resort and that seeking legal action may not always be the best solution to a problem. In some cases, it may be more productive to seek alternative forms of resolution, such as mediation or negotiation.
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how does cost-benefit analysis help make economic decisions?
Cost-benefit analysis (CBA) is a tool that helps make economic decisions by comparing the costs and benefits of a particular project or policy.
CBA helps to identify the net benefits of a project or policy by subtracting the costs from the benefits. This allows decision-makers to see whether the benefits of a project or policy outweigh the costs and whether it is worth investing in or implementing. By using CBA, decision-makers can make informed choices about how to allocate resources and can ensure that they are using them in the most efficient and effective way possible.
CBA is a quantitative tool that helps decision-makers to weigh the costs and benefits of different options, it also helps to identify potential trade-offs and helps to prioritize among alternative options. It is widely used by government agencies, private organizations, and international bodies to evaluate the impact of proposed projects and policies.
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The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
now suppose the secretary of labor proposes an increase in the minimum wage. what effect would this increase have on employment? does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither?
An increase in the minimum wage would have an effect on employment. The effect would depend on the elasticity of demand and the elasticity of supply.
If the demand for labor is inelastic, an increase in the minimum wage would lead to a smaller decrease in employment than if the demand for labor is elastic. Similarly, if the supply of labor is inelastic, an increase in the minimum wage would lead to a smaller increase in employment than if the supply of labor is elastic. Therefore, the change in employment depends on both the elasticity of demand and the elasticity of supply.
In general, the more elastic the demand and supply of labor are, the greater the effect an increase in the minimum wage will have on employment. If both the demand and supply of labor are elastic, an increase in the minimum wage will lead to a larger decrease in employment than if either the demand or supply of labor is inelastic.
Conversely, if both the demand and supply of labor are inelastic, an increase in the minimum wage will lead to a smaller decrease in employment than if either the demand or supply of labor is elastic.
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Explain the project planning steps
Set goals
Prioritize tasks
Create a schedule
Communicate.
Why did charities and other public assistance programs fail during the great depression?.
The charities and other public assistance programs failed during the Great Depression as the demand for assistance increased rapidly, and their resources were limited.
The public assistance programs that were available during the Great Depression were not well-equipped to handle the sudden increase in demand and also lacked the resources to cater to the needy people.The charities were struggling to help everyone who needed assistance, and this led to the closure of many charity programs. They were overwhelmed with the number of people who needed their help, and the donations were not sufficient enough to cater to the increasing needs of the population.
The Great Depression made many people homeless, and this also resulted in many children not attending school as they had no homes to go to.The government was not adequately prepared for such an economic crisis. The welfare programs they established were inadequate, and many people who needed help were not able to receive it. There was a lot of corruption, and many officials in charge of the welfare programs used their positions to enrich themselves instead of helping the needy. This led to a loss of trust in the government by the citizens.
Conclusively, the charities and other public assistance programs failed during the Great Depression due to the sudden increase in demand for their services, limited resources, and corruption in the government's welfare programs.
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What are the three 3 objectives of financial planning?
objectives of financial planning are identifying the investment, resource, and financial needs of the future. choosing the financial sources. efficient administration or use of these monies. locating plan's dangers and problems.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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In 2021, Rydin Company purchased one asset costing $48,400 and elected to expense the entire cost. However, Rydin could only deduct $21,000 of the Section 179 expense because of the taxable income limitation. In 2022, Rydin purchased tanglble. personalty costing $1,090,000. Rydin's taxable income without regardito any Section 179 deduction was $1,912,400. Compute Rydin's 2022 Section 179 deduction.
Muitiple Choicen
a.$27,400
b.51,080,000
c.51.067
d.400
The correct option is C. $51,067.
In 2022, Rydin Company had a taxable income without regard to any Section 179 deduction of $1,912,400. In 2022, Rydin purchased tanglble personalty costing $1,090,000. Therefore, the maximum Section 179 deduction allowable is $1,090,000.
Rydin had a Section 179 deduction of $21,000 in 2021, which is less than the maximum Section 179 expense limitation of $26,010.
Since the remaining deduction is $26,010 - $21,000 = $5,010, it carries over to 2022.
Thus, Rydin has a total maximum Section 179 deduction of $5,010 + $1,090,000 = $1,095,010 in 2022.
Therefore, the Section 179 deduction for Rydin Company is $1,095,010.
Thus, the correct option is letter C. $51,067.
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Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.
NEED HELP, I WILL GIVE BRAINLIEST
Today I sold a new 80 inch television. The sale of this item is called________?
A. Unit of Sale
B. Asset
C. Cost of Goods Sold
Answer:
unit of sale
Explanation:
if u look up the definition of the word, unit of sale makes understand
Answer:
a.unit of sales
Explanation:
the owner of tastee cookies needs to decide whether to lease a small, medium, or large new retail outlet. she estimates that monthly profits will vary with demand for her cookies as follows: size of outlet demand low high small $ 1,000 1,000 medium 500 2,500 large 0 3,000 if she feels there is a 30 percent chance that demand will be high, what is her expected payoff under certainty?
See the answer The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: table ------------------demand size of outlet ---- low-------------------high small ------------1000-----------------1000
June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.
Answer:
Question requires that a journal entry is done;
Date Account Title Debit Credit
June 1 Cash $78,200
Common Stock $78,200
2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition
Answer:
Eventually prices will equalize at all five lemonade stands.
Explanation:
Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.
The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.
Also, there is little or no barriers to entry for lemonade sellers.
A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.a. Falseb. True
False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.
What is the term structure's pure expectations theory?
A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.
Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.
What does expectation theory mean?
The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).
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the us bankruptcy court has exclusive federal jurisdiction over core bankruptcy proceedings and state courts have exclusive state jurisdiction over all matters not subject to federal jurisdiction, including but not limited to, divorce and adoption cases.
Yes, it is true: us bankruptcy court has exclusive federal jurisdiction over core bankruptcy proceedings, and state courts have exclusive state jurisdiction over all matters not subject to federal jurisdiction, including but not limited to, divorce and adoption cases.
Bankruptcy courts are set up to deal with the issue of bankruptcy only. Each of the 94 federal judicial districts has jurisdiction over bankruptcy proceedings, and bankruptcy cases are filed in the bankruptcy court in practically every district. By selling up their possessions to pay off their obligations or by coming up with a repayment plan, those who are unable to pay their creditors can receive a fresh start thanks to bankruptcy rules. The High Court is extremely qualified to handle these claims, so the parties can rest easy knowing their case is in capable hands.
There may be other options for debt recovery depending on the type of transaction, such as the Rental Housing Tribunal or an Ombudsman.
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The money supply is $4840 and currency in circulation is equal to bank reserves. If the reserve ratio is 10%, how much is being held as reserves in the banking system
The amount held as reserves in the banking system is given by the amount as $440.
Except for contributed or basic share capital, a reserve may be present in any portion of shareholders' equity. Nonprofit boards typically set a target of keeping several months of operational cash or an operational Reserve Ratio, which is a proportion of their yearly income. In nonprofit accounting, a "operating reserve" is the unrestricted cash on hand available to run an organisation.
Different forms of reserves, such as capital reserves, revenue reserves, statutory reserves, realised reserves, and unrealized reserves, are utilised in financial accounting.
Explanation:
Bank reserves = 0.10 x Deposits = 0.10 x $4400 = $440.
The profit that a firm makes, of which a portion is invested back into the company to help it weather bad times, is known as reserve. Unwary readers may believe that the previous statement indicates that this item is an asset rather than a debt balance. That is untrue. There is always a credit balance in a reserve. Usually, Retained Earnings have a credit balance. If a company wants to designate a portion of retained earnings as a reserve for reinvestment, doing so is not harmful, but it also has no effect on keeping assets, liquid or not, on hand for any day, rainy or not.
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What types of information does a W-2 form contain? Check all that apply
Answer:
Normally "check all that apply" is followed by answers to check...
Explanation:
A W-2 is a Tax statement
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.