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2 years ago

Eddie was surprised to learn that not everyone would receive a bonus this year instead management plan to

Business

1 answer:

dmitriy555 [2]2 years ago

6 0

Eddie's company is using a forced ranking performance review system.

<h3>What is forced ranking?</h3>

Forced ranking, the contentious practice of grading employees against one another rather than against performance criteria, is all the rage in corporate America.
Employees are evaluated from best to worst depending on their performance in a system known as forced ranking.
This system can be used to find top talent, assist managers in identifying individuals who require growth, and give a framework for granting incentives and promotions.
This not only makes staff feel unmotivated and disengaged, but also fosters unneeded internal competition, which can be harmful to synergy, creativity, and innovation and divert attention away from marketplace fulfillment.

Therefore, Eddie's company is using a forced ranking performance review system.

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The correct question is given below:
Eddie was surprised to learn that not everyone would receive a bonus this year. Instead, management planned to rank all of the employees in Eddie's division and award bonuses only to the top 20 percent in terms of sales. Eddie's company is using a(n) ______ performance review system.

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Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value

Ray Of Light [21]

Answer:

The debit to lease payable on July 1, 2019 will be $ 670,741.31

Explanation:

According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000

Also, the annual lease payments is = $ 102,641

With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows

= ($ 718,000- $ 102,641) + 9% ( $ 718,000 - $ 102,641)

= $ 615,359 + $55382,31

= $ 670,741 July 1, 2019 debit to lease payable

7 0

3 years ago

Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans

soldier1979 [14.2K]

Answer:

Federal funds rate

Explanation:

federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.

It is simply the interest rate that one bank charges another for borrowing money overnight. Its importance is to help banks meet their reserve requirements and prevent bank failure and also may be use to stimulate the economy.

5 0

3 years ago

Tyler Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January

Rainbow [258]

Answer:

Tyler Financial Services

1. Journal Entries:

January 1, 2014:

Debit Cash $10,500

Unearned Service Revenue $10,500

To record cash collected for unearned services.

December 31, 2014:

Debit Unearned Service Revenue $10,500

Credit Service Revenue $10,500

To record the earned service revenue for the year.

January 1, 2015:

Debit Cash $10,500

Unearned Service Revenue $10,500

To record cash collected for unearned services.

December 31, 2015:

Debit Unearned Service Revenue $10,500

Credit Service Revenue $10,500

To record the earned service revenue for the year.

2. Journal Entries:

January 1, 2016:

Debit Cash $30,400

Unearned Service Revenue $30,400

To record cash collected for unearned services.

December 31, 2016:

Debit Unearned Service Revenue $9,800

Credit Service Revenue $9,800

To record the earned service revenue for the year.

Explanation:

a) Data and Calculations:

Annual contract fee = $10,500 in 2014 and 2015

Modified contract fee = $9,800 in 2016

Additional fee from year 3 = $20,600 for 3 more years ($6,867 each year) from 2017 to 2019

b) Cash received ($30,400) on January 1, 2016 includes the $9,800 for 2016 and the $20,600 for the years 2017 to 2019.

8 0

2 years ago

Culture goes deeper than observable behavior. It is a society's shared and socially transmitted ideas, values, and perceptions t

Vikentia [17]

I’m gonna say this one is true.

5 0

3 years ago

at the phase 3 meeting, the project manager will outline the process to . a.) transfer the deliverables into operational state a

alexandr1967 [171]

The project manager will outline how to transfer the deliverables in operational status and formally close the project at the phase 3 meeting. So, the correct option choice for this question would be option (b).

<h3>Write a short note on project management.</h3>

Project management may be regarded as the process of overseeing a team's activity to complete all project objectives within the established parameters. Usually, explanations of this information are included in the project documentation that is created at the beginning of the development process. Scope, budget and time are the three basic constraints. The other issue is how to best distribute the required inputs while still using them to accomplish predetermined objectives.

To deliver a finished product that satisfies the client's needs is the aim of project management. Modifying the client's brief to better effectively accomplish the client's aims is typically the goal of project management. Once the client's objectives are known, they should direct all other project members' decisions.

To know more about, project management, visit :

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4 0

1 year ago