Answer:
The answer is $135,000
Explanation:
FV = P * ([1 + I]^N - 1 )/I
FV= 5800* ([1 + 0.06]^15 - 1 )/0.06 = $135,000.35= <u>$135,000</u>
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.
A lack of credibility. Sally hasn't built up a credible work history because she is new too the team and doesn't show understanding because she asks too many questions, so Ellen shows a lack of trust in her abilities.
Answer:
The correct answer to the following question is $801.
Explanation:
Given information -
Sue gave gift to Mr and Mrs Smith of - $40
Note* - The deduction limit for a gift given to another person is $25
Expense spent on wrap - $6
Calendar cost - 400 x 1 = $400
Amount given to secretary for service of 10 years - $370
Therefore the total amount of expenses that maybe deducted =
$25 + $6 + $370 + $400
= $801
Answer:
a. $ 0.45
b. $148.50
Explanation:
Production Cost Schedule for 4,200 toy flutes
Raw materials costing $490.00
Direct Labor $357.00
Overheads ($5.60 × 36) $201.60
Overheads ($357 × 240%) $856.80
Total Cost $1,905.40
Cost per unit = Total Cost / Total Number of Units produced
= $1,905.40 / 4,200
= $ 0.45
Closing Inventory = Units Left × Cost per unit
= (4,200 - 3,870) × $ 0.45
= 330 × $ 0.45
= $148.50