Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;
- 1. Establishing Performance Standards
- 2. Communicating Standards
- 3. Evaluating Performance
In the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.
Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.
Then, they should discuss the results with them and take action on whether to reward or punish them.
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Answer:
A. Since Jack had apparent authority, Andrea is liable to honor his contract with Harold.
Explanation:
The Contract defines that when two or more persons bound for a purpose legally.
Contract = Agreement + enforceble
Here as per the given situation Andrea hired Jack as the sales representative for her portraits. She suspended the organisation with Jack though, in a month's time.
Harold, a client who had previously worked with Jack, was not informed of the closure. Harold contacted Jack to purchase a painting, and gave him a $5,000 check, the painting advance payment that Jack agreed would be shipped in two weeks.
As Jack later failed to reach Harold, Harold requested that Andrea uphold the deal, as Jack sold the picture as her agent
Andrea is liable to uphold his deal with Harold, as Jack had obvious authority.
Given:
Investment
worth = $100,000
Bond
Percentage: 5% at face
value that the company intends to hold until the bond maturity date
Therefore, the interest revenue
recognized when each semiannual interest payment is received would be recorded
as a credit to interest revenue that is equal to $2,500
Solution: Interest Revenue = $100,000*0.05
<span> = $5,000
Annually</span>
<span> = $5,000/2 </span>
<span> = $2,500
semi-annually</span>
Answer:
8.55%
Explanation:
Calculation to determine your approximate real rate of return on this investment
First step is to calculate the Nominal return
Nominal return = ($69 - $64+ $2.20)/$64
Nominal return=7.2/$64
Nominal return= 0.1125
Now let calculate the Approximate real return
Approximate real return = 0.1125 - 0.027
Approximate real return= 0.0855*100
Approximate real return=8.55%
Therefore your approximate real rate of return on this investment is 8.55%
Answer:
Cash 294,000 debit
discount on BP 6,000 debit
Bonds payable 300,000 credit
--to record issuance of bonds--
Explanation:
We multiply the face value by the issuance quote over 100
300,000 x 98/100 = 294,000
Then, the difference will be considered discount as the bond were issued below their face value
300,000 - 294,000 = 6,000
We are going to debit cash for the amount collected and then, debit the discount to adjust the bonds payable to the carrying value of 294,000
