Answer:
d.It is rare to need further investigation beyond a preliminary analysis when a manager misses a performance target.
Explanation:
Performance evaluation can be regarded as process whereby manager pass evaluation or examination on employee on the work behavior of employee through comparison with preset standards.
In the use of support department and joint cost allocations for performance evaluations ;
✓A manager may not be responsible for the allocation of support department costs if he or she cannot control the square footage of the areas upon which cost allocations are based.
✓A manager may miss a performance target because direct materials costs are too high.
✓A manager may miss a performance target because he or she has no control over the joint processes prior to his or her department which is after the split-off point.
Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.
Answer:
Fink's revenue from insurance premiums for the current year is: $13,500,000
Explanation:
Insurance premiums recognised for the current year -
Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account
= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000
Answer:
The correct option is C, business plan
Explanation:
Sales proposal is a document sent by a seller to a prospective buyer detailing the nature of the product offered and how the product could serve the interest of the would-be buyer,hence it is a wrong option.
Unsolicited proposal is a proposal sent by a private firm interested in partnering with the government on projects where the proposal was not requested by the government,as a result it is wrong choice as well.
A business plan is document showcasing the aims of objectives of the organization with clear road maps on issues such as what the business is set out to achieve,its target customer and so on
Investment proposal is aimed at bringing to light the potential benefits of a project so as to appeal to financiers.
Grant proposal is a request addressed to the government justifying the need for grant of a subsidy.
Answer: none is correct.
Explanation:
Given data:
2 years ago = $500
1 year ago = $300
Today = $800
Solution:
PV ( presents value )
= p * r * t
Where:
p = principal ( $500, $300, $800 )
r = rate = 4%
t = duration (time) ( 2years, 1 year and present ).
= ( $500* 2 * 0.04 ) + ( $300 * 1 * 0.04 ) + $800
= $40 + $12 + $800
= $852
PV = $500 + $300 + $852
= $1,652.