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4 years ago

The basic purpose of a performance appraisal system is to ________.

Business

1 answer:

JulijaS [17]4 years ago

5 0

Answer:

To evaluate the overall performance of an employee.

Explanation:

Given that the Performance Appraisal is a systematic analysis and assessment of both the single employee or the group of employees as a whole

Hence, the basic purpose of a performance appraisal system is to evaluate and assess the overall performances of employee(s), or team, specifically in the area of work responsibilities, assignments, workplace affair, leadership skills, and potentials.

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Metlock Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. 1/1 - Beginn

bixtya [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1/1 - Beginning Inventory (Quantity 1,000 - Price/Cost = $12)

2/4 - Purchase (Quantity 2,000 - Price/Cost = $18)

2/20 - Sale (Quantity 2,500 - Price/Cost = $30)

4/2 - Purchase (Quantity 3,000 - Price/Cost = $23)

11/4 - Sale (Quantity 2,200 - Price/Cost = $33)

Units sold= 4,700

1) Periodic - FIFO

COGS= 1,000*12 + 2,000*18 + 1,700*23= 87,100

2) Perpetual - FIFO

COGS= 1000*12 + 1500*18 + 500*18 + 1,700*23= $87,100

3) Periodic - LIFO

COGS= 3,000*23 + 1,700*18= $99,600

4) Perpetual - LIFO

COGS= 2,000*18 + 500*12 + 2,200*23= $92,600

5) Periodic - weighted

Average price= (12 + 18 + 23)/3= 17.67

COGS= 4,700*17.67= $83,049

6) Perpetual - weighted

COGS= 15* 2,500 + 17.67*2,200= $76,374

3 0

3 years ago

The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-yea

ira [324]

Answer:

The total long-term liabilities reported on the balance sheet are $3,451,000.

Explanation:

Details Amount ($)

Bonds Payable 9% 3,000,000

Premium on Bonds Payable 98,000

Notes Payable (5 yr.) 166,000

Mortgage Payable (200,000 - 13,000) 187,000

The total long-term liabilities  3,451,000 

5 0

3 years ago

Truzan Creations, one of the leading names in the handicraft industry, recently launched a new artifact in the market. The compa

pentagon [3]

Answer:

A) Forecasting models

Explanation:

Forecasting models -

It is the method of making prediction of the future , based on the data of the present and the past , and by analyzing the trends .

For example , the estimation of some variable of interest at for some future date .

Uncertainty and risk are the center of the forecasting , it is a good practice , which indicates the degree of uncertainty to forecasts .

Hence , from the data of the question , the correct answer is Forecasting models .

8 0

3 years ago

Which of these can lower the amount of monthly payments on a mortgage?

DENIUS [597]

I believe it’s collateral sorry if it’s not.

7 0

3 years ago

Read 2 more answers

Which of the following items incurred while on travel is not considered a travel expense? a. The cost of lodging b. Transportati

zimovet [89]

Answer:

(C). Cost of entertaining clients

Explanation:

Travel expenses are costs incurred while traveling with the purpose of carrying out businesses activities.

They include transportation costs, feeding costs and lodging costs.

Cost of entertaining clients is however not considered a travel expense.

5 0

3 years ago