Performance evaluations for the purpose of determining compensation and special rewards should focus on activities and results related to the salesperson's current job and situation.
Performance Evaluation is defined as a formal and productive procedure to measure an employee's work and results based on their job responsibilities. Although the specific criteria depend on the characteristics of a particular selling situation, comprehensive evaluations of salesperson performance require that four dimensions be addressed: behavioral, professional development, results, and profitability criteria. System of review and evaluation of job performance. Assesses accomplishments and designs plans for development. Purposes for Performance Appraisal. Performance evaluations should always be based on the actual job description.
To learn more about Performance evaluations here
brainly.com/question/27548455
#SPJ4
Answer: 130 days
Explanation:
The Cash Conversion Cycle is a measure that attempts to show how many days on average it takes a company to convert resources into cash.
It is calculated with the following formula,
= Days of Inventory Outstanding + Days of Sales Outstanding - Days of Payables Outstanding
Where,
Days of Inventory Outstanding is the amount of days it takes to convert inventory to sales
Days of Sales Outstanding is the amount of time it takes debtors to pay the company for goods they bought and,
Days of Payables Outstanding is the time it took the company to pay for the goods it bought
Plugging in the figures we have,
= 100 + 60 - 30
= 130 days
The firm's cash conversion cycle is 130 days.
The lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
<h3>
What is market approach?</h3>
- The market approach is a method of evaluating an asset's worth based on the selling price of comparable assets.
- Along with the cost technique and discounted cash-flow analysis, it is one of three main valuation methodologies (DCF).
- Companies that use LIFO or retail inventory are obligated by GAAP to use the lower cost or market method.
- A realtor, for example, can gather information on comparable real estate sales in close vicinity to a client's property and modify those values to account for differences in land area and building square footage to arrive at a market-based valuation for the targeted property.
Therefore, the lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
Know more about the market approach here:
brainly.com/question/8084221
#SPJ4
The complete question is given below:
The lower cost or market approach is _____ for companies that use _____.
a. optional under GAAP; LIFO or the retail inventory
b. optional under GAAP; any method of inventory valuation
c. required under GAAP; LIFO or the retail inventory
d. required under GAAP; any method of inventory valuation
Answer:
I have formulated the answer in the table and the table is attached in the attachment please refer to the attachment 1.
Explanation:
<em>Please refer to the attachment 1. And here is the explanation</em>
Inherited property is the property which is transferred to ones beloved after she/he passes away or makes a will, so statement A, E and F are inherited properties.
Purchased property are the ones that one acquires after paying certain price of the good, so B is purchased property.
Abandoned property is the goods or intangible thing left somewhere and the owner is not known, so statement C and D are abandoned properties.
<em></em>
