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alexandr1967 [171]
3 years ago
12

Zach is a salesperson at a large medical supply company. the company wants zach to learn to manage multiple departments, so it o

ffers to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree.
Business
1 answer:
artcher [175]3 years ago
5 0

Answer: Payment for Knowledge

Explanation:Training is a key aspect  for  a company's improvement   development and success. It is beneficial to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.

Due to the continuous updates and improvement  in the world technology relating to  businesses,  Most Organisations are willing to pay for training   thier employees  off the job so to cope up with those changes, improve the  working conditions, and enhance their knowledge.

Even though such training are costly,on the long run,  they  improve efficiency and productivity of employees. Well trained employees show both quantity and quality performance leading to optimal use of time, money and resources.

The company seeking for Zach to learn to manage multiple departments, and proferring  to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree  shows that the company is willing to pay for more knowledge as that hopefully will go a long way to improve their productivity when he returns.

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Answer:

May 2  No entry is required as the transaction is yet to happen

May 7  DR Accounts Receivable                                       $1,200

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Working

Accounts Receivable = 1,200 - 360 sales allowance = $840

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b. Net Revenues

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= $789,60

c. Partial Income Statement

Tour Revenues                                                         $1,200

Less:

Sales Allowance                                   $360

Sales Discount                                   <u> $50.60 </u>    

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Net Tour Revenue                                                 $789.40

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