When the total expenses are greater than the total revenues, then the income summary account has a debit balance.
An income summary account is a temporary account in which the revenue and expenses closing entries are entered to find out the profit or loss.
In the income summary account, all the revenue account closing entries are credited, and all the expenses closing entries are on the debit side.
Thus, if the credit balance is more than the debit balance, it shows the profit and if the debit balance is more than the credit balance, it shows the loss.
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Answer:
Hogan Personality Inventory
Explanation:
The Hogan Personality Inventory (HPI) is commonly used to predict job performance by measuring normal personality dimensions. It is specially used to measure certain specific traits and abilities: leadership and planning. It is based on the Five-Factor Model and was specifically developed for working adults in the business industry.
It is part of the Hogan Assessment tests used to predict job performance.
Answer:
E. Over applied overhead
Explanation:
Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.
When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.
Business wise you’d keep covering it up, morally you’d expose the truth and stop it. Although you could anonymously release it to the press without any traces it came from you.
