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2 years ago

Which resource management activity identifies and verifies that personnel.

1 answer:

5 0

The process of credentialing helps in identification and verification of the personnel in an organization.

<h3>What is credentialing?</h3>

The process that involves the documentation of an individual for the purpose of ensuring and authenticating the true and fairness of the qualifications of an individual associated with the organization is known as credentialing.

It is one of the most important function of the resource management system, which ensures that the organization can be assured of the skills mentioned by the personnel.

Hence, credentialing process is as defined above.

Learn more about credentialing here:

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On April 1, Lewis Company paid $14,400 for two years of insurance in advance. Lewis Company recorded the transaction by debiting

Dominik [7]

Answer:

31 Dec Expense A/c Dr. $5,400

To Prepaid Expense A/c $5,400

(Therefore, expense for the current financial year recorded)

Explanation:

We know that at the time of insurance paid in advance on 1 April for 2 years, entry was;

Prepaid Insurance A/c Dr. $14,400

To Cash A/c $14,400

Now at year end the expense relating to current period shall be recognized properly in the books, so that matching principle of revenue against expenses shall be matched.

Thus, period from 1 April to 31 December = 9 months

Expense for 9 months = $14,400 \times \frac{9}{24} = 5,400$

That means expense for the year = $5,400

Therefore, entry for such recording will be:

31 Dec Expense A/c Dr. $5,400

To Prepaid Expense A/c $5,400

(Therefore, expense for the current financial year recorded)

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3 years ago

Under the equity method of accounting for investments, an investor recognizes its share of the earnings in the period in which t

Sphinxa [80]

Answer: Earnings are reported by the investee in its financial statements

Explanation:

Equity method is when investments are being treated in associate companies and it is usually applied in cases whereby an investor entity holds about twenty to fifty percent of the associate company's voting stock. Due to this reason, it has a strong say in the associate company's management.

Under the equity method of accounting for investments, an investor recognizes its share of the earning in the period in which the earnings are reported by the investee in its financial statements.

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3 years ago

An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall.

Mumz [18]

This is True.

Being an entrepreneur means starting a business venture by placing a new product on the market and then profiting from it.<span />

3 0

3 years ago

Read 2 more answers

The distinguishing feature of economic capital (as opposed to financial capital, like money) is that it is:__________. a. expens

seraphim [82]

Answer:

C. Productive

Explanation:

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3 years ago

A local charity has been given a grant to serve free meals to the homeless in its community, but it is worried that its program

Elis [28]

Homeless:
10 – t^2 /320 > 0
10 > t^2 /320
3200 > t^2
t < 40√2 = 56.6
College students:
10 – t^2 /160 > 0
10 > t^2 /160
1600 > t^2
t < 40
Wait time would have to be at least 40 minutes to prevent college students from waiting.

6 0

4 years ago