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5 months 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:
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How long can foodborne illnesses last

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Answer: Symptoms begin 2 to 10 days after becoming infected, and may last 1 to 2 weeks.

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2 years ago

Giddens Company adopted the dollar-value LIFO inventory method on December 31, Year 1. On December 31, Year 1, Giddens' inve

blondinia [14]

Answer:

The value of inventory at Dollar value LIFO is $510,000

Explanation:

dollar-value LIFO method

This is one of the techniques use to integrate inventory items into pool and then valuation is applied on pool rater than on individual item

To calculate the dollar value of ending inventory

we must

Determine value of ending inventory

Determine the difference between ending inventory and beginning inventory at the price of previous year

Determine the difference between ending inventory and beginning inventory at the current price

Add beginning inventory and difference at the current price to get the value of ending inventory on the basis of dollar value LIFO method

The information related to inventory of the company for the current year is given as follows

Beginning inventory is $400,000

Base price index is 100

Ending inventory at current price index is $550,000

Current price index is 110

INVENTORY VALUE AT DOLLAR VALUE LIFO IS CALCULATED AS FOLLOWS

Ending inventory value at base price index = $ $550,000\times\frac{100}{110}$

= $500,000

The increase in inventory at base price index is $500,000 - $400,000

= $100,000

The increase in inventory at current price index is $100,000 × $\frac{110}{100}$

= $110,000

Calculate inventory at end

inventory at end = inventory at the beginning + increase in inventory at current price

$400,000+$110,000

= $510,000

Therefore, value of inventory at Dollar value LIFO is $510,000

4 0

2 years ago

JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation

stepan [7]

Answer:

net cash provided is $5,635

Explanation:

Amount ($)

Net Income 4,750

Depreciation 885

Change in inventory (200)

Change in accounts payable <u> 200 </u>

Net cash flows from Operation<u> 5,635</u>

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.

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2 years ago