Derek Allen is the payroll supervisor for Caposis Freight. His company is preparing to merge with another distribution company that has a different pay cycle. The president of the company wants to know the difference between biweekly and semimonthly pay cycles as far as pay dates and pay amounts. What should Derektell him?
What will be an ideal response?
Moving between biweekly (26 pay periods per year with the possibility of 27) to a semimonthly system (24 pay periods per year) would cause individual to see increases per pay period since there are more days being covered on the pay period under semimonthly than on biweekly. This would also result in higher taxes per pay period.
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The accountant for Frieda Company did not record a purchase of merchandise on credit or include the items in the ending inventory. Assuming a periodic inventory system, the balance sheet effects of these omissions on assets, liabilities, and retained earnings would be Set Assets Liabilities Retained Earnings I. Understate Understate Understate II. Understate Understate No effect III. No effect
Understate No effect IV. Understate No effect Understate ? A) Set I B) Set II C) Set III D) Set IV
Discuss the importance of collaborative writing in the workplace
What will be an ideal response?
Competencies are often developed on the basis of the observation of the job performance of which of the following:
a. high achievers b. low achievers c. senior managers d. line managers
Which statement about the format of a business letter is most accurate?
A) Legal agreements are invalid if they do not demonstrate the correct letter format. B) All business letters will use the block formatting style. C) The appearance of a business letter can send nonverbal messages about a sender to a receiver. D) All answer choices are accurate.