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Brums [2.3K]
4 years ago
10

Consider this scenario: After many years, an employee is promoted to a position that has an elevated level of trust with his man

agement. He started with the company in an entry-level position, and then moved from a supervisory to a managerial role. This role entails that the employee trains other employees and has a deep understanding of how the department functions. Which of the following actions should be taken in regard to this employee’s levels of access during the span of time he has worked for the company? A. Because this employee needs to train other employees, he should have the access granted in his previous roles.B. This employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company. C. This employee should ask his manager to grant only the access that he would prefer to have. D. This employee should have prior access removed to ensure separation of duties and avoid future instances of security risk.
Business
1 answer:
Stels [109]4 years ago
4 0

Answer:

The correct answer is the option B: This employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company.

Explanation:

To begin with, if the employee has past through several positions before then he must understand quite a bit how the company works in its whole and moreover that employee must be trusted due to the fact of the times that he was promoted and therefore that he must have granted access based on his current and past roles but only after being formally reviewed because of the fact of ensuring the effectiveness of the employee.

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according to Tuckman's five-stage model of group and team development, what is the second stage in the process?
dsp73

Answer: The second stage is the "Storming Stage"

Explanation:

Bruce Tuckman's five-stage model of group and team development, propounded in 1965, consists of the forming, storming, norming, performing and adjourning stages.

The second stage, storming, is the most difficult and crucial stage in team development process, especially for a team that has never been together. At this stage, there's usually conflict of interests and members of the team may form "cliques" based on common grounds of agreement.

Performance of the team may decrease because members could begin to disagree on team goals and individual personalities emerge.

A solution would be for the team members to accept one another's individuality and focus on the task at hand.

4 0
3 years ago
​Jason's gross pay for the week is $ 1,000. His yearly pay is under the limit for OASDI. Assume that the rate for state and fede
ozzi

Answer:

Total payroll taxes                      213

Explanation:

the employeer will have to record the taxes on the wages plus the taxes on his behalf

1,000 x 6.2 = 62

1,000 x 1.45 = 14.5

Total 76.5 for the employee

Then the employer must pay the same amount of taxes.

employer taxes 76.5

Total for OASDI and Medicare: 153

Then FUTA&SUTA 6% of 1000  60

Total payroll taxes                      213

6 0
4 years ago
The cash price for a stereo system is $900. You choose to buy it on credit and give a $100 down payment, and the balance due is
rosijanka [135]

Answer:

$ 1108 is the total installment price

Explanation:

Cash price for a stereo system = $900

Down payment made to buy stereo on credit = $ 100

Remaining amount after paying down payment = $900 - $100 = $ 800

Installment Total= $Total of Payments + Down Payment

Installment Total= $ 100 + 24 * $42 =$ 1108

8 0
3 years ago
Taft Industries had 250,000 shares of common stock outstanding before a stock split occurred and 500,000 shares outstanding afte
RSB [31]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

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4 years ago
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year:
drek231 [11]

Answer:

1. The journal entry records are the following:

1-jul year 1                                Debit                           Credit

Cash                                        $63,532,267

discount on bonds payable   $10,467,733

                                                   bonds payable    $74,000,000

31-dec year 1                                Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

31-dec year 1                                Debit                           Credit

Income Summary                     $4,331,693

                                  Interest expense                        $4,331,693

30-jun year 2                               Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

31-dec year 2                               Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

Income Summary                     $8,663,386

                                  Interest expense                        $8,663,386

30-jun year 3                                Debit                           Credit

Bond payable                         $74,000,000

Loss on redemption              $7,940,961

                                                   Cash                            $9,420,961

                                          discount on bonds payable $72,520,000

2. a. The amount of the interest expense in Year 1 is $4,331,693

b. The amount of the interest expense in Year 2 is $8,663,386

3. The carrying amount of the bonds as of December 31, Year 2 is $64,317,346.

Explanation:

First, to journalize the entry record for 1-jul of year 1 we have to calculate the discount on bonds payable as follows:

discount on bonds payable=$74,000,000-$63,532,267=$10,467,733

1. Therefore, journal for entry record for 1-jul of year 1 is:

1-jul year 1                                Debit                           Credit

Cash                                        $63,532,267

discount on bonds payable   $10,467,733

                                                   bonds payable    $74,000,000

To journalize the entry record for 31 decl of year 1 we have to calculate the cash as follows:

Cash=$74,000,000×11%×1/2

Cash=$4,070,000

Therefore, journal for entry record for 31-dec of year 1 is:

31-dec year 1                                Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

31-dec year 1                                Debit                           Credit

Income Summary                     $4,331,693

                                  Interest expense                        $4,331,693

To journalize the entry record for 30 jun of year 2 we have to calculate the cash as follows:

Cash=$74,000,000×11%×1/2

Cash=$4,070,000

Therefore, journal for entry record for 30-jun of year 2 is:

30-jun year 2                               Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

journal for entry record for 31-dec of year 2 is:

31-dec year 2                               Debit                           Credit

Interest expense                      $4,331,693

                                  discount on bonds payable     $261,693

                                                   Cash                          $4,070,000

31-dec year 2                              Debit                           Credit

Income Summary                     $8,663,386

                                  Interest expense                        $8,663,386

Journal for entry record for 30-jun of year 3 is:

30-jun year 3                                Debit                           Credit

Bond payable                         $74,000,000

Loss on redemption              $7,940,961

                                                   Cash                            $9,420,961

                                          discount on bonds payable $72,520,000

2.

a. The amount of the interest expense in Year 1 is $4,331,693

b. The amount of the interest expense in Year 2= interest expense on bonds payable June 30+interest expense on bonds payable Dec 31=$4,331,693+$4,331,693=$8,663,386

3. The carrying amount of the bonds as of December 31, Year 2=Issue price of bonds-discount amortized

Discount amortized=$9,420,961- $261,693=$9,682,654

The carrying amount of the bonds as of December 31, Year 2=$74,000,000-$9,682,654=$64,317,346

7 0
3 years ago
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