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goldenfox [79]
3 years ago
9

Corey, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to 10

. He rates 18 employees at 5, which leads to central tendency. In the context of types of rating errors, Corey commits a _____ error.
Business
1 answer:
Sonbull [250]3 years ago
3 0

Answer:

central tendency distributional error

Explanation:

There are three types of distributional errors:

  1. severity.- when the person in charge of rating is too strict and rates the employees with a poor grade.
  2. leniency.- when the person in charge of rating is too lenient and rates the  employees with a high grade.
  3. central tendency.- when the person in charge of rating does not want to assume responsibility and rates the employees with a middle grade, not bad, not good.
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Refer to the demand schedule below.
Nesterboy [21]

Answer:

Explanation:

Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

Below is an attachment showing the tabular representation and the solution to requirement A

In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)

Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity

So also a tabular representation of B

All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.

6 0
3 years ago
Read 2 more answers
Blossom Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at co
Lemur [1.5K]

Answer:

$ 937,885

Explanation:

Particulars Cost $ Retail $

Beginning inventory$380,500 $581,000

Gross Purchases$3,148,000 $4,933,600

freight in $ 146,500 $ -

Net Markups $ - $401,000

Goods available for sale$3,675,000 $5,915,600

Cost-to-Retail percentage ( $3,675,000 / $5,915,600) 62.128%

Less:

Gross Sales $- $ (4,406,000)

Estimated ending inventory at retail $1,509,600

Estimated ending inventory at cost($ 1,509,600 * 62.128 %) $ 937,885

Therefore the ending inventory cost at value is $ 937,885

5 0
3 years ago
The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin
abruzzese [7]

Answer:

False

Explanation:

we could see the following difference between Managerial and Financial accounting

Managerial Accounting

  • Primary User: Internal
  • Purpose of Information: To help managers make decisions
  • Focus: Segments
  • Frequency: As needed
  • Auditing: Not subject to audit
  • Required: No
  • Time Frame Focused:Future

Managerial Accounting

  • Primary User: External
  • Purpose of Information: To help investor and creditor make decisions
  • Focus: Entire organization as a whole
  • Frequency: Quarterly and annually
  • Auditing: Publicly held companies are audited
  • Required: Required by GAAP, SEC, IRS, and others
  • Time Frame Focused: Past (historical transactions)

8 0
3 years ago
Andrew and Marina are married filing joint and have modified AGI of $77,500. Andrew made a contribution to a qualified retiremen
vova2212 [387]

Answer:

$0

Explanation:

The credit rate for retirement savings depend upon several factors. General credit rates are 10%, 20% and 50%.

In case of a couple married and filing jointly the credit rate in case of modified AGI being more than $63,000 = $0.

The limit of $63,000 is revised to $64,000 in year 2019, and further revised to $65,000 in year 2020.

Here, in the given case the contribution credit rate = 0% as the AGI in case of joint filing is more than $65,000 as for year 2020.

Thus, retirement savings contribution credit = $2000 \times 0% = $0.

4 0
4 years ago
The market price of a bond issued at a premium is the present value of its principal amount at the market rate of interest:
Goryan [66]

Answer:

D. In addition to the present value of all future interest payments at the market (effective) interest rate

Explanation:

Hope this helps you :)

5 0
3 years ago
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