Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".
<h3>What is forced ranking?</h3>
The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.
The problem with forced ranking are-
- This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
- Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.
The forced rankings beneficial from an employee perspective, here are reasons-
- This system teaches a manager how to assess employees objectively with the right management training.
- When the management system needs to be improved or formalised, forced rankings are advantageous.
- An essential component of business is analysing trends and developments.
To know more about example of forced ranking, here
brainly.com/question/6626507
#SPJ4
Answer: A greater than $1 billion increase
Explanation: According to the Keynesian Model which says that government should increase demand to boost growth.
Keynesian believes that Government spending on infrastructure, unemployment benefits, and education will increase consumer demand. They also believe that consumer demand is the primary driving force in an economy.
Answer:
1a. Predetermined overheard rate is $20.8
1b. Product cost for each product:
Xactive ($) Pathbreaker ($)
<u> 113.72 86.4</u>
Explanation:
1(a)
Predetermined overheard rate is calculated with formula:
<u>Budgeted Cost</u>
Activity Level
For Rocky Mountain:
= <u>$2,687,360</u>
129,200
= $20.8
1 (b) Product cost involves the total cost incurred directly as a result of making a product. Product cost is calculated by adding direct material cost, direct labour cost and manufacturing overheard together.
Product cost
Xactive Pathbreaker
Direct material 65.60 51.80
Direct labour cost 19.00 13.80
Manufacturing overheard($20.8) <u>29.12 20.8</u>
<u>113.72 86.4</u>
<u />
Profit, Competition, Cost and Demand are the element which the approaches for pricing fixing are oriented around.
Pricing refers to the process of determining the value that a producer will receive in the exchange of services and goods produced with final consumers or middle men.
- The aim of generating profit is one of the element considered for price fixing.
- Competition levels with other companies in the industry will influence price fixing because consumers pocket have to be considered.
- Level of Cost incurred during production of the goods and services also play a great role in price fixing.
- Demand from the market also influence price setting on a product.
Read more on this here
<em>brainly.com/question/15398134</em>
