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Hunter-Best [27]
2 years ago
5

You were recently hired by the Andrews CEO as a consultant to evaluate the performance of the Chief Financial Officer (CFO). As

a part of that process, you interview the CFO’s direct reports (employees). Although they indicate that the CFO is technically competent, one individual told you stories about his verbal abuse with employees. Given this information, what would be the least effective next step in the process?
Business
1 answer:
Arte-miy333 [17]2 years ago
8 0

The least effective step in this process would be to focus only on the CFO's job performance and not his inappropriate behavior in the workplace.

<h3 /><h3>What is the purpose of performance appraisal?</h3>

Analyze whether the performance of the employee's activities, skills and behaviors are in accordance with the organization's culture and values, establishing improvement measures when necessary.

Therefore, it is essential that the behavior of an employee is analyzed along with their technical competence, as the ethics established by employees are capable of impacting the culture in a positive or negative way.

Find out more about performance appraisal here:

brainly.com/question/1532968

#SPJ1

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1. Spring Fresh produces premium bottled water. Fresh Spring purchases artesian​ water, stores the water in large​ tanks, and th
allochka39001 [22]

Answer:

A. $45,950

B. $0.84 per liter.

Explanation:

A. February conversion costs in the Filtration Department:

= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration

= $25,950 + $20,000

= $45,950

B. Filtration Department completely processed 150,000 liters in February.

Total cost incurred:

= Direct labor costs + Manufacturing overhead allocated to filtration + Water

= $25,950 + $20,000 + $80,000

= $125,950

Filtration cost per liter:

= Total cost incurred ÷ Total units processed

= $125,950 ÷ 150,000

= $0.84 per liter.

7 0
3 years ago
Suppose that the government imposes a​ $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be​ ______, coff
Scrat [10]

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

5 0
3 years ago
Forecasting drives all of the key business functions. Among the following cases, select the cases that are the least suited for
Svetach [21]

Answer:

(1). Demand of radically innovative new product

Explanation:

Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.

There are two forecast types, namely; judgment-based and quantitative.

The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.

7 0
3 years ago
Read 2 more answers
Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Compan
Rufina [12.5K]

Answer:

a. See the journal entries in the explanation below.

Retained Earnings is $175,000

Goodwill is $25,000

b. See the journal entries in the explanation below.

Retained Earnings is $175,000

Capital Reserve is $4,000

Explanation:

Note: There are mistakes the names of the companies in the requirements a anb b. These correctly restated before answering the question by as follows:

a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $291,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the basic consolidation entry

2. Record the excess value (differential reclassification entry)

b. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $262,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the basic consolidation entry.

2. Record the excess value (differential) reclassification entry.

<u>The answers and explanation are therefore given as follows:</u>

a. Prepare the following consolidation entries required when Consideration is $291,000

1. Record the basic consolidation entry

<u>Accounts                                              Dr ($)              Cr ($)              </u>

Common Stock                                   91,000

Retained Earnings (w.1)                    175,000

Goodwill (w.2)                                    25,000  

     Investment in Scrub Company                           291,000

<u><em>(To record the elimination of investment and stockholder equity.)   </em></u>

2. Record the excess value (differential reclassification entry)

Note that $25,000 is transferred to Goodwill account in part 1 above.

The $25,000 is transferred to Goodwill because when the consideration is greater than the net asset value which is calculated as the of Common Stock and Retained Earnings, the difference is the Goodwill.

When Net Consideration is more than the net asset value (Stockholder Equity), then the difference is to be transferred to Goodwill.

Workings:

w.1: Calculation of retained earning to be eliminated

Particulars                                                                        $

Retained Earnings Balance                                        160,000

Increase in land value                                                  21,000

Decrease in inventories values                              <u>     (6,000)  </u>

Fair Value retained earnings to be eliminated      <u>    175,000  </u>

w.2: Calculation of Goodwill to be recognized

Particulars                                                      $                         $

Consideration paid for acquisition                                     291,000

Assets of Scrub:

Asset book value                                     420,000

Increase in land value                                21,000

Decrease in inventories values         <u>       (6,000)  </u>

Assets                                                       435,000

Liabilities                                                <u>  (169,000)  </u>

Net asset value of Scrub                                                 <u> (266,000) </u>

Goodwill to be recognized                                            <u>      25,000  </u>

b. Prepare the following consolidation entries required when Consideration is $262,000

1. Record the basic consolidation entry

<u>Accounts                                              Dr ($)              Cr ($)              </u>

Common Stock                                   91,000

Retained Earnings (w.3)                    175,000

     Investment in Scrub Company                           262,000

     Capital reserve (w.4)                                                4,000

<u><em>(To record the elimination of investment and stockholder equity.)   </em></u>

2. Record the excess value (differential reclassification entry)

Note that $4,000 is transferred to Capital Reserve in part 1 above.

The $4,000 is transferred to Capital Rserve because when the consideration is less than the net asset value which is calculated as the of Common Stock and Retained Earnings, the difference is Capital Reserve.

When Net Consideration is less than the net asset value (Stockholder Equity), then the difference is to be transferred to Capital reserve.

Workings:

w.3: Calculation of retained earning to be eliminated

Particulars                                                                         $

Retained Earnings Balance                                        160,000

Increase in land value                                                  21,000

Decrease in inventories values                            <u>      (6,000)  </u>

Fair Value retained earnings to be eliminated     <u>    175,000  </u>

w.4: Calculation of Goodwill to be recognized

Particulars                                                      $                         $

Consideration paid for acquisition                                     262,000

Assets of Scrub:

Asset book value                                     420,000

Increase in land value                                21,000

Decrease in inventories values          <u>       (6,000)  </u>

Assets                                                       435,000

Liabilities                                                <u>  (169,000)  </u>

Net asset value of Scrub                                                  <u>  (266,000) </u>

Capital reserve to be recognized                                 <u>       (4,000)  </u>

3 0
3 years ago
Malik has two options this weekend. He could work at his job and earn $9 per hour for three hours, or he could got o a show at t
Igoryamba

Answer:

B. $57

Explanation:

The computation of the opportunity cost of the theater shown below:

= Earning per hour × number of hours + cost of the theater ticket

= $9 × 3 hours + $30

= $27 + $30

= $57

To find the opportunity cost we considered the total earnings and the cost of the theater tickets so that the accurate cost of the theater could come.

8 0
3 years ago
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