Answer:
From all indications,it is very clear that the question requires a journal entry to record the unpaid interest.
Dr Interest expense $1125
Cr Interest payable $1125
Explanation:
This is a typical case of an omitted entry in the books of accounts,specifically it relates year-end close accounting adjustments.
Under the accrual basis, which is prevalent in the private sector,expenses are to recorded when incurred not when they are settled in cash,as result it is imperative that the above transaction needs be adjusted by debiting interest expense account and crediting same amount to interest payable account to affirm that the company has an obligation to $1125 to mortgage providers.
Answer:
A) developmental purpose
Explanation:
when performance management is for developmental purposes, it is used to provide performance feedback, identify employee's individual strengths and weaknesses, recognize individual training needs to improve employees, reinforce authority structure, improving communication, and provide a forum for leaders to coach employees.
when performance management is for administrative purpose, it is used to consider various types of personnel decisions, such as: transfers, layoffs, identifying poor performance, demotions, recruitment and terminations.
