Answer:
C) A sponsor in top management that is keenly interested in the project's success
Explanation:
OPTIONS:
a) on-the-job training
b) refresher training
c) sensitivity training
d) vestibule training
Answer:
a) on-the-job training
Explanation:
On-the-job training is a job training method which involves exposing new employees to the actual job skills as they are trained on the job skills while they perform the real job they are hired to do. This ensures the buildup of the capacity of the trainee, which makes them efficient in adopting the skills needed for them to perform their job satisfactorily. It is a kind of training new employees usually go through while on the job.
Answer: a. $10,000
Explanation:
The amount to be recorded as an Accounts Receivable on the date of the sale is the actual amount that the merchandise was sold for which is $10,000.
The discount of 1% if paid within 10 days will only apply if the customer pays within that time and if this is done, the discount will be deducted from the amount paid to the company and debited to the Sales discount account.
Answer:
<h2>
Error A</h2>
Assets will be Overstated by $3,000
Asset was never subtracted from assets so assets are overstated
Liabilities - No effect
Net Income - Overstated by $3,000
As insurance expense was not deducted from Net Income
Retained Earnings - Overstated by $3,000
As insurance expense was not deducted from Net Income
<h2>
Error B</h2>
Assets - Understated by $500
Accrued revenue is an asset and so not recording it understates assets
Liabilities - No effect
Net Income - Understated by $500
This is revenue so not recording it would reduce net income.
Retained Earnings - Understated by $500
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