Salaries of $6,400 are paid for a five-day week on Friday. Prepare the adjusting journal entry that is required if the month ends on Thursday
Salaries Expense [($6,400/5) × 4] 5,120
Salaries Payable 5,120
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Answer the following statements true (T) or false (F)
1. Extrinsic rewards can increase intrinsic motivation if the rewards are high. 2. The needs for competence and self-determination fall under extrinsic rewards. 3. Extrinsic rewards can both motivate and demotivate people. 4. Seniority-based pay encourages longevity and helps reduce turnover, but it also have encourage poor performers to stay with an organization longer. 5. Profit sharing is a system whereby managers agree to share the benefits of cost savings with staff in return for their contribution to the company’s performance.
One way a negotiator can use a constituency as a bluff tactic is to show the other party that the constituency has actually defined limits to what the negotiator can decide on their own.
Answer the following statement true (T) or false (F)
When the estimates involved in earnings management begin moving outside a reasonable range, the financial statements can become misleading
Indicate whether the statement is true or false
Decimals are based on multiples of ____________
a. 2 b. 4 c. 8 d. 10