What key functions does performance appraisal play in organizations?
What will be an ideal response?
Employee compliance, performance improvement, and system validation. Reviews reinforce organizational values, provide data on the effectiveness of recruitment, position management, training and compensation.
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Carol used a seasonal promotional gimmick to reach which target market?
A) business travelers B) young families C) retirees D) summer campers E) athletes
Describe the concept of thin slicing a conversation.
What will be an ideal response?
On January 31, Ransom Company's payroll register showed that its employers earned $30,320 of office salaries and $82,750 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes as the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $16,960 of federal income taxes, $3,350 of medical insurance deductions (which represents 50% of the total cost of the employee medical insurance), and $4,210 of 401(k) retirement contribution deductions. Ransom Company pays the other 50% of the employee insurance cost and matches the employee 401(k) contributions. Several employees earned more than $7,000 for the period which reduced salaries subject to unemployment to $104,000. No employees exceeded the FICA-Social Security taxable wage base.1. Prepare the
journal entry to record Ransom Company's January 31 payroll expenses and liabilities.2. Prepare the journal entry to record Ransom Company's employer payroll taxes resulting from the January 31 payroll. Ransom's merit rating reduces its state unemployment (SUTA) to 5.4% of the first $7,000 paid each employee. The federal unemployment tax (FUTA) rate is 0.6%.3. Prepare the journal entry to record Ransom's additional employee expenses. What will be an ideal response?
If a company records cash received for services to be provided in the future with a debit to Cash and a credit to Service Revenue, how will this error affect total assets for the current period?
A. Total assets will be too high. B. Total assets will be too low. C. Total assets will be correct. D. Not possible to determine.