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Natasha_Volkova [10]
3 years ago
8

For Megan’s end-of-year performance appraisal, her supervisor solicited feedback from three of Megan’s coworkers, the manager of

the customer-service department, several of Megan’s clients, and even a few employees in other departments with whom she worked recently. Megan’s performance appraisal is an example of an employee survey.
a) true
b) false
Business
1 answer:
pshichka [43]3 years ago
6 0

Answer:

False

Explanation:

The performance appraisal refer to the performance status of an employee whether he or she is a good performer or a bad performer with respect to the targets, absenteeism, achievements, etc

In the given situation, since her supervisor solicited feedback from three of Megan’s coworkers which do not reflect the example of an employee survey because the actual performance should be measured by month wise performance or annual based performance rather soliciting the feedback from its co workers

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The difference between a budget and a standard is that:_________.
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Answer:

The answer is A. Standards refer to a company's projected revenues, costs, or expenses

Explanation:

The explanation is the following:

A budget refers to a department's or a company's projected revenues, costs, or expenses, while on the other hand A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output.

Standard costing is intensive in appli­cation as it calls for detailed analysis of variances.

In standard costing, variances are usu­ally revealed through accounts.

Standard costs represent realistic yardsticks and are, therefore, more useful for controlling and reducing costs.

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In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much
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Answer:

SCC won't pay any tax

Explanation:

Their loss of $30,000 in year 1 will be unused and made available to counterbalance the total generated earnings in year 2.

The $20,000 earnings in year 2 can be used to counterbalance the whole taxable income; so, SCC will not pay pay tax. SCC will have a ($10,000) loss carryover available for year 3 and beyond

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3 years ago
The ____ the percentage of an MNC's business conducted by its foreign subsidiaries, the ____ the percentage of a given financial
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greater; greater

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The greater the percentage of an MNC's business conducted by its foreign subsidiaries, the greater the percentage of a given financial statement item that is susceptible to translation exposure.

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3 years ago
When the allowance method of recognizing uncollectible accounts is used, the entries at the time of collection of a small accoun
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The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.

<h3>What is the allowance method?</h3>

This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.

The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.

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6 0
3 years ago
Your cousin is currently 9 years old. She will be going to college in 9 years. Your aunt and uncle would like to have $ 100 comm
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Answer:

They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 ​years.

Explanation:

We have to calculate the present value of the sum needed in 9 years ($100,000), with a annual fixed interest rate of 4.5%.

This can be calculated as:

PV=FV/(1+i)^n\\\\PV=100,000/(1.045)^9\\\\PV=100,000/1.486\\\\PV=67,290

They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 ​years.

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