Answer:
The statement is false. Future spot exchange rates are based on economic predictions of economists, who consider all the possible alterations of the market in a given economy.
Explanation:
Future exchange rates are prices set by banks and other important economic actors, which regulate the value at which different currencies will be exchanged or certain goods will be bought. These future rates are set through an analysis of the political and economic situation of the market in which the exchange will take place, with the aim of ensuring competitive and efficient values in the face of the probabilities of market shocks, both internal and external.
Answer:
IMA Competence Standard
Explanation:
Institute of Management Accountants is the worldwide organization representing corporate accountants and financial professionals.
- IMA representatives are liable for achieving and maintaining the Competence standard.
COMPETENCE
:
1. Through improving knowledge and skills achieve an acceptable level of professional management and experience.
2. Conducts legal duties under regulations, legislation and quality standards relevant.
3. Provide decision-making resources for reliable, simple, succinct, and appropriate facts and advice. Recognize and assist with the risk management.
The main purpose as well as the cause of the failure of performance appraisal process is as described below-
Explanation:
Appraisal refers to the process (mostly formal) to evaluate the productivity of the manpower of an organisation. It serves for administrative as well as developmental purpose.
Performance appraisal serves three important purpose-
- Providing adequate feedback to employees based on his/her performance.
- It can help in modifying employee behaviour and thus contributing to an effective workspace environment.
- Providing qualitative parameters to higher-order authority through which they can adjudge their subordinates.
However, appraisals occasionally fail in their motive due to following reasons-
- Appraisals are prone to biases prevailing in the work environment. Moreover, the neutrality of the rating authority is also often under the scanner.
- The appraisals are often inflicted by sampling error. The conclusion of few cannot be generalised on all.
- Appraisals don’t take into account the variability of the employee's performance, Rather it relies on the end performance and the start.
Answer:
$14,180
Explanation:
The computation of amount of cost of goods sold is shown below:-
(Purchased units × inventory cost) + (Balance × Inventory cost)
= (1,160 × $8) + (490 × $10)
= $9280 + $4,900
= $14,180
Note :- As per First in first out method 1,650 units sold would consist of 1,160 units of first purchases so we got the balance is 490 units (1,650 - 1,160).