Which of the following methods of payroll calculation offers minimum wage standards and overtime allowances for employees? a. Hourly Rate of pay b. Salary Plus Commission c. Variable Commission Scale d. Differential pay
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- Answer only Statement I: If more jobs are available than the number of workers in the market, there is no needto pay more.Statement II: The average compensation will most likely go down if there is an oversupply situation.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect. Statement II is correct.c. Both statements are correct.d. Both statements are incorrect. Statement I: Overhead costs can affect labor pay.Statement II: If a company's expense is high, workers cannot ask for a pay raise.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect. Statement II is correct.c. Both statements are correct.d. Both statements are incorrect Statement I: If the range of the benchmark pay survey is correct, then pay levels are createdsuccessfully.Statement II: Plotting the actual pay for people in the organization must be done before setting thepay levels.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect.…Which of the following is NOT a factor in an individual behavior? A. The values and character of the President of the ABC Company B. The beliefs, values and behavior of Finance Division C. The competition within an organization D. The submission of financial reports 2. In an investment, what do you call under diversification, holding onto losers, chasing winners, buying stocks that catch their attention, systematically ignoring important information, paying too little attention to fees and trading too much? A. Errors B. Biases C. Misinformation D. Basic tradeRequired: a. Prepare a multiple-step income statement for the year ended December 31, 20Y5, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. “Less” or “ Add will automatically appear if it is required. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. (Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20Y5. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. If…
- Which of the following is one of the limitations of Management Accounting? Select one: a. Generic approach b. Staff contribution c. Based on historical analysis d. Resistance from staffAs a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…As a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…
- Which of the following statements is true? a. Some payments are not categorized as expenses b. All expenses are paid sooner or later c. All payments are considered expensesAll of the following statements regarding employee share purchase plans are correct except for? Select one: a. Employees provide a direct payment of some sort in exchange for the shares. b. Employees receive shares at no cost to themselves, usually as a bonus. c. Often employers will match the amount of shares purchased by the employee up to a set limit. d. Often the price employees pay for the shares is less than market value.Chapter 12 Discussion: Expanding Your Market 1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…
- Chapter 12 Discussion: Expanding Your Market 1111 unread replies.2222 replies. The Situation: This has to be one of the most depressing annual review meetings you’ve ever sat through. Sure, times have been tough before, but never like this. In the past year, your power-tools company has lost 37 percent market share. Sales have decreased by 64 percent. Profit is down almost 70 percent. You had to lay off one-third of your workforce. And worst of all, it doesn’t look to be getting better anytime soon. Housing sales and construction are at an all-time low, meaning your best customers, contractors, have little work to do and even less money to spend on new tools. “We have to increase sales!” you tell the rest of your management staff. They stare back at you, of course, because everyone knows what needs to be done. They just don’t know how to do it. How do you sell a product when demand is so low? As everyone in the room ponders over this, an intern sitting in the back corner…__________ schemes are probably the most common method of misappropriating payroll funds. a. Increasing commission rates b. Understating vacation c. Falsified hours and salary d. Ghost employeeWhich of the following will increase your cash balance?(a) Sales are made on credit(b) Marketable securities are sold(c) A dividend is paid(d) Raw materials are purchased on credit(e) employees attend productivity seminars