Answer:
The appraisal interview should be held in two segments because the rater must perform the role of both evaluator and counsellor.
Explanation:
Following are the purpose of appraisal interview:
1) Rate and evaluate the past performance.
2) Feedback for development and recommend the training program.
3) Discuss the growth plan of employee.
Therefore, role of one who is taking appraisal is very vital for the growth and development of employee. So, he has to play two role, both evaluator and counsellor.
Answer:
1) Structure rewards/pay to be based on performance
2)Make them stakeholders/shareholders of the principal
Explanation:
The major principal/agent problem is the agent not acting in the best interest of the principal. Taking the steps above could minimize the problem
Answer:
This leads to a reduction in net income
Explanation:
Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.
The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.
Answer:
He must deposit $10,168.07 per year to reach the future value of $1,000,000.
Explanation:
Giving the following information:
Final value= 1,000,000
n= 25
Interest rate= 10%
We need to calculate the annual deposit necessary to reach the goal of $1,000,000.
To calculate the annual deposit, we need to use the following variation of the future value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.1) / [(1.10^25) - 1]
A= $10,168.07
He must deposit $10,168.07 per year to reach the future value of $1,000,000.
