All categories

1 year ago

Evaluating manager's performance on financial measures only has

1 answer:

4 0

It is to be noted that when evaluating a manager's performance on financial measures there are some limitations. Hence, companies should consider measures nonfinancial to help evaluate manager performance.

Since Desktop Computer Company would like to calculate their cash conversion cycle, the factors included in computing this metric are:

days' sales in accounts receivable
days' sales in accounts payable (aka days payables outstanding)
days' sales in inventory.

<h3>What is Performance evaluation?</h3>

A performance assessment, also known as a performance review, performance evaluation, development talk, or employee appraisal, is a periodic and systematic procedure that documents and evaluates an employee's work performance.

The significance of successful performance evaluations is that they enable managers to provide fair and actionable feedback to their direct subordinates. This may boost employee engagement by providing significant praise and encouragement, as well as creating clear avenues for employee progress that are based on responsibility.

Learn more about performance evaluation:
brainly.com/question/29439902
#SPJ1

You might be interested in

Lamp Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following co

Liono4ka [1.6K]

Answer:

See the journal entry be;ow.

Explanation:

Given:

Cutting Assembly Finishing

Direct materials $7,000 $10,000 $3,000

Direct labor 3,000 14,000 2,000

Applied overhead 4,000 5,000 6,000

Therefore, the journal entry to assign costs incurred in the assembly process would be as follows:

Details Debit ($) Credit ($)

Work in process 10,000

Direct material 10,000

(To record cost of direct material.)

Work in process 14,000

Wages payable 14,000

(To record direct labor cost.)

Work in process 5,000

Manufacturing overhead 5,000

(To record manufacturing overhead.)

3 0

3 years ago

Umber Mattresses has had issues with inventory in the past. Missed shipping and unexpected price hikes have caused production is

r-ruslan [8.4K]

Answer: E. switch to a multiple supplier approach

Explanation:

Since the company has had issues with inventory in the past, then the recommendation of the production manager should be that the company should switch to a multiple supplier approach.

By switching to multiple supplier, the company can compare prices and also have alternative suppliers to call in case there's a challenge with a particular supplier.

8 0

3 years ago

Kristy gives a walking tour of a popular tourist city to one person for $ 46. To increase her business, she would lower the pri

BartSMP [9]

Answer:

$ 532

Explanation:

C= cost per person

N= number of people

TC= total cost

TC= ( 46 * N ) - ( N * ( N - 1 ) )

C= ( 46 * N ) - ( N * ( N - 1 ) )

TC = ( 46*19 ) - ( 19 * ( 19-1 ) )

TC = ( 874 ) - ( 19 * 18 )

TC = 532

Total Cost for 19 people : $ 532

N° $

1 46

2 44

3 42

4 40

5 38

6 36

7 34

8 32

9 30

10 28

11 26

12 24

13 22

14 20

15 18

16 16

17 14

18 12

19 10

Total: 532

6 0

3 years ago

A company’s dividend is expected to grow at 20% for the next six years. After that, the growth is expected to be 3% forever. If

Fittoniya [83]

Answer:

Price of share at end of year 6 = $43.94

Explanation:

Provided information we have,

Current dividend = $1

Growth rate for 6 years = 20%

Dividend at end of year 6 = $1 $\times$ Future value factor of $1 @ 20% for 6 years = $1 $\times$ 2.985984 = $2.986 rounded off

After this dividend is supposed to grow at 3% thus Dividend at end of year 7 = $2.986 + 3% = $3.076

Therefore, using dividend growth model we have,

$P_6 = \frac{D_7}{Ke - g}$

Where P6 = price at end of period 6 = to be calculated

D7 = Dividend paid at end of year 7 = $3.076

Ke = Required rate of return = 10%

g = constant growth rate = 3%

Thus, $P_6 = \frac{3.076}{0.10-0.03}$

P6 = $43.94

Thus, price of share at end of year 6 = $43.94

4 0

3 years ago

First National Bank charges 13.6 percent compounded monthly on its business loans. First United Bank charges 13.9 percent compou

melomori [17]

Answer:

First National EAR 14.48%

First United EAR 14.38%

Explanation:

Calculation to determine Calculate the EAR for First National Bank and First United Bank.

Using this formula

EAR = [1 + (APR / m)]m − 1

Let plug in the formula

First National EAR = [1 + (.136 / 12)]12 − 1

First National EAR= .1448*100

First National EAR=14.48%

First United EAR = [1 + (.139 / 2)]2 − 1

First United EAR = .1438*100

First United EAR = 14.38%

Therefore the EAR for First National Bank and First United Bank will be :

First National EAR 14.48%

First United EAR 14.38%

8 0

3 years ago