Answer:
Behavior-based appraisal
Explanation:
In Behavior-based appraisals, the employee is assessed based on what they do instead of what they produce. Their actions are assessed using a rating scale to measure specific behaviors. Behavior-based appraisals uses behavioral observation scales as opposed to practices that focus on results only. It tends to be more objective, fair and accurate, if the appraisal standards are carefully developed.
Behavior appraisals are very useful when assessing performance on quantitative tasks.
The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
Answer:
Asset Account is decreased.
Liability Account is also decreased.
No effects on Capital Stock.
No effects on Retained Earnings.
Explanation:
Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.
Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.
This transaction will have no effects on Capital Stock Account and Retained Earnings Account.
Answer:
The adjusting entry on December 31 of the current year for Plum would include:
E) A debit to an expense and a credit to a prepaid expense for $1,875.
Explanation:
On July 1 of the current calendar year, Plum Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1.
Management services fee per month = $7,500/24 = $312.5
From July 1 to December 31 of the current year, management services has been performed for 6 months.
The amount of Management services expense should be record:
$312.5 x 6 = $1,875
The adjusting entry:
Debit Management services expense $1,875
Credit Prepaid expense $1,875
Answer: Advertising and promotions employees must be careful not to disclose people's credit card information.
