Rick has received a rebate. A rebate is a sum paid by a method for diminishment, return, or discount on what has just been paid or contributed. It is a sort of offers advancement that advertisers utilize basically as motivating forces or supplements to item deals. There is confusion on discount and rebate, the rebate is a backend discount while the discount is the upfront meaning you the customer is discounted by the time he/she bought the item.
The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.
Therefore option C is correct
<h3>What is Performance appraisal?</h3>
Performance appraisal can be described as the periodic and systematic evaluation of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.
The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.
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Explaining the upward trend in the inventory turnover ratio requires more examination into the factor responsible for the cause of the increase in inventory turnover. Inventory turnover could be as a result of declining inventory or increasing sales.
<h3>Description of inventory turnover.</h3>
Inventory turnover is an example of an activity ratio Activity ratios measure a firm's efficiency in performing daily tasks.
Inventory turnover is cost of goods sold divided by average inventory.
The higher inventory turnover is, the better. But it should be noted that a higher inventory turnover could be a s result of declining inventory or increasing sales.
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Answer:
$6,000 incremental cost
Explanation:
Manufacturing the widgets in-house would be a more cost effective method than buying from Bowden Company.
Direct Costs relating to in-house manufacturing (of 100,000 units) are as follows:
Direct material = $31,000
Direct labour = $29,000
Manufacturing overhead directly related to the manufacture of the widgets: $16,000.
Therefore, total direct costs = $76,000.
Only the portion of manufacturing overhead directly affected by the widget production needs to be account for. This is because manufacturing overhead will be incurred irrespective of whether Mallory Company produces the widget or not. Therefore, manufacturing overhead is not an incremental cost incurred by the widget production, except for the portion directly affected.
Accordingly, producing in-house ($76,000 direct cost) is more cost effective that buying from Bowden Company ($82,000) by $6,000.
The incremental cost if the widgets are bought instead of made is therefore $6,000.