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34kurt
2 years ago
10

Senior management at TrueBlue feels that the current performance appraisal method is too vague and rather subjective. They might

want to consider incorporating either a behavioral checklist or critical incident method in order to increase specificity.
a. true.
b. false
Business
1 answer:
svetoff [14.1K]2 years ago
5 0

Answer:  True

Explanation: A behavioral checklist is a rating form containing statements describing both effective and ineffective job behaviors. These behaviors relate to a number of behavioral dimensions determined to be relevant to the job.

Specific process of incident or specific methodology of incident is a performance evaluation system in which the employee's conduct is evaluated in certain incidents in which either he performed very well and in which he might have done better.

Hence from the above we can conclude that both these methods will provide better judgement than the existing method.

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You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

Best Regards

6 0
2 years ago
14-30 (Substantive tests of accounts receivable) The following situations were not discovered by an inexperienced staff auditor
Nadusha1986 [10]
1. Several accounts were incorrectly aged in the 
<span>client's aging schedule. </span>
<span>Procedures: Compare age% to prior year AR -Analytical procedures. </span>
<span>Assertion: cutoff, Valuation and allocation. </span>

<span>2. The accounts receivable turnover ratio was far below </span>
<span>expected results. </span>
<span>Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. </span>
<span>Assertion:Completeness, cutoff. </span>


<span>3. Goods billed were not shipped. </span>
<span>Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.-Inspection of records. </span>
<span>Assertion: Occurrence, cutoff. </span>

<span>4. Some year-end sales were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records </span>
<span>assertion:Completeness, cutoff </span>


<span>5. Several sales were posted for the correct amount but to </span>
<span>the wrong customers in the accounts receivable ledger. </span>
<span>Procedure: Confirmation of billings-Confirmation </span>
<span>Assertion: Occurrence. </span>



<span>6. The allowance for uncollectable accounts was </span>
<span>understated. </span>
<span>Procedures: Test the ratio of allowance to old AR and compare to PY. </span>
<span>-Analytical procedures. </span>
<span>Assertion:Valuation and allocation </span>

<span>7. Several sales were entered and posted at incorrect </span>
<span>amounts. </span>
<span>Procedures: Confirmation of AR. -Confirmation </span>
<span>Assertion: Accuracy and valuation </span>


<span>8. Mathematical errors were made in totaling the accounts </span>
<span>receivable ledger. </span>
<span>Procedures: Foot AR aging.-Recalculation </span>
<span>Assertion: Accuracy and valuation </span>

<span>9. An unrecorded sale at the </span>balance sheet<span> date was </span>
<span>collected in the next month. </span>
<span>Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. </span>
<span>Assertion: Completeness, cutoff. </span>

<span>10. Several fictitious sales were recorded. </span>

<span>Procedure: Confirm customer balance.-Confirmation. </span>
<span>assertion: Occrrence. </span>


<span>11. The pledging of some customer accounts as security for </span>
<span>a loan was not reported in the balance sheet. </span>
<span>Procedure: Review security agreements.-Inspection of record. </span>
<span>Assertion: Occurrence and rights and obligations. </span>

<span>12. Some year-end cash receipts were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cash cutoff testing.-Inspectionof record. </span>
<span>Assertion: cutoff, occurrence, completeness. </span>


<span />
6 0
2 years ago
Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable
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Someone i need help please after yo help this guy
5 0
2 years ago
Listed below are a few transactions and events of Maxum Company. Employees earn vacation pay at a rate of one day per month. Max
motikmotik

Answer:

                               General Journal

Date    Account Title and Explanation      Debit        Credit

           Vacation Benefit Expense              $13,000

                 Vacation Benefit Payable                           $13,000

          (Being accrued vacation liability made due)  

           Warranty Expense                            $18,000  

                  Estimated Warranty Liability                      $18,000

                  ($12,000 × 10 % × $15)

           (Being accrued warranty liability raised )

7 0
2 years ago
The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year (365 days). It costs the store $60 p
Nady [450]

Answer:

a. 775 units

b. $670

c. 44 units

Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{4,000}\times \text{\$60}}{\text{\$0.80}}}

= 775 units

b. The minimum total annual inventory cost is

= Ordering cost + carrying cost

where,

Ordering cost =

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 4,000 ÷ 775 units

= 5.61 orders

Ordering cost = Number of orders × ordering cost per order

= 6 orders × $60

= $360

The carrying cost is

The average inventory would equal to

= Economic order quantity ÷ 2

= 775 units ÷ 2

= 387.5 units

The total cost of ordering cost and carrying cost equals to

Carrying cost = average inventory × carrying cost per unit

= 387.5 units × $0.80

= $310

So, the minimum total annual inventory cost is

= $360 + $310

= $670

The computation of the reorder point is shown below:

= Demand × lead time + safety stock

where, Demand equal to

= Expected demand ÷ total number of days in a year

= 4,000 ÷ 365 days

= 10.95890

So, the reorder point would be  

= 10.95890 × 4 + $0

= 44 units

5 0
2 years ago
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