A ranking system that requires managers to rank each employee within each unit and distribute raises and bonuses accordingly is called

What is the difference between an action plan and a timetable?

What will be an ideal response?

Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of John as a new partner would include

A) a credit to John's capital for $40,000 B) a credit to Stuart's capital for $10,000 C) a credit John's capital for $50,000 D) a credit to John's capital for $40,000 and a credit to Stuart's capital for $10,000