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RoseWind [281]
3 years ago
13

Eduardo goes to his mentor, Mateo, to get tips for improving his performance. Administrative While reviewing his goals for the y

ear, Tyrell and his manager discuss what training Tyrell might require to accomplish next year’s goals. Developmental While reviewing performance evaluation reports, you notice that all of the employees have been rated "average." There are no outstanding performers and no poor performers. This is an example of a error. training will help the manager to evaluate performance more accurately.
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Below is the correct outline of the question:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training:________

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training:________

Adriaan and Arie got off on the wrong foot. Arie messed up his first project for Adriaan, and now Adriaan gives him low performance ratings in every category of performance. This is an example of a ________ error.  _______ training will help the manager to evaluate performance more accurately.

Answer:

1. Type of training: Developmental

2. Type of training: Developmental

3. Halo error

4. Frame of Reference (FOR) training

Explanation:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training: <u>Developmental</u>

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training: <u>Developmental</u>

Suzy is known for her highly rated employees. Everyone gets a performance rating of "outstanding," regardless of the work they have actually done. This is an example of a <u>leniency </u>error. <u>Frame of Reference </u>training will help the manager to evaluate performance more accurately.

Further Explanation:

For (1) and (2) A development training involves identifying areas employees need to improve on and organizing training programs to strengthen those skills that each employee needs to improve.

For (3),  Leniency error is a rater's bias where the individual who does the rating has the tendency to rate people too positively.

For (4), Frame of Reference (FOR) training is a form of training that teaches how to produce accurate and reliable workplace-based ratings when assessing a performance  It's aim is to improve the accuracy of the ratings of the individual responsible for the evaluation of employees.

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Given:
Future value, F=60508.29
Monthly payment, A = 165
Compounding period = month
Number of periods, n = 12*12=144
interest per period = i   [ to be found ]

We have the relationship
F=A((1+i)^n-1)/i
but there is no explicit formula for i for given F, A and n.
We need to solve a non-linear equation for the value of i, the monthly interest rate.
One of the ways is to solve it by fixed iteration, i.e. 
1. using the given relation, express i in terms of other parameters.
2. select an initial value of i
3. evaluate i according the equation in step 1 until the value is stable.

Here we will use the relationship to express
i=((60508.29*i)/165+1)^(1/144)-1  [ notice that i is on both sides of = sign ]
using an initial value of i=0.01 (about 1% per month).
Successively, we get
i=((60508.29*0.01)/165+1)^(1/144)-1=0.01075571
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i=0.0114728
i=0.0115246
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6 0
3 years ago
A business issued a 90-day, 9% note for $70,000 to a creditor on account. Illustrate the effects on the accounts and financial s
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Answer:

The computation is shown below:

Explanation:

The journal entries are shown below:

a. Account payable $70,000

           To Notes payable $70,000

(Being the issuance of the note is recorded)

b. Note payable $70,000

  Interest expense $1,575

              To Cash $71,575

(Being the payment of the note at maturity date including interest is recorded)

The computation is shown below:

= $70,000 × 9% × 90 days ÷ 360 days

= $1,575

We assume 360 days in a year

Now the effects on the accounts and the financing statement for issuance of the note is shown below:

Balance sheet

Assets          =   Liabilities   + Stockholder equity    Income statement  cash flow statement

No effect = Account payable - $52,000 + No effect  No effect + no effect

                   Note payable + $52,000      

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Number of years is 5 years

$135,000 - $15,000/5 years

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The first year through it end life.

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