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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Answer:
"Labor price variance
" is the correct choice.
Explanation:
- The variation throughout the labor rate represents the distance between real as well as anticipated labor costs. These were measured by taking the difference, based upon the number of additional hourly wages, between some of the real labor amount charged as well as the minimum amount.
- Absolute variation in the labor rate is equivalent to absolute variation in the price of the commodity.
Answer:
The correct cash balance that should be reported in the company's balance sheet at the end of the year is $3,800
Explanation:
The computation of the correct cash balance is shown below:
= Bank balance + Deposits outstanding - Checks outstanding
= $8,100 + $4,100 - $8,400
= $3,800
The other items which are given in the question are related to the bank balance. So, we do not consider it in the computation part. It already adjusted to the bank balance. Hence, we ignored it.
Answer:
a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.
Explanation:
Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.
When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation
Under PPP i.e purchasing power parity (and by the Fisher Effect), all else equal a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.
