What is a human resource information system (HRIS)? Explain the benefits of using an HRIS.
What will be an ideal response?
Companies continue to use human resource information systems to store large quantities of employee data, including personal information, training records, skills, compensation rates, absence records, and benefits usages and costs. A human resource information system (HRIS) is a computer system used to acquire, store, retrieve, and distribute information related to a company's human resources. An HRIS can support strategic decision-making, help a company avoid lawsuits, provide data for evaluating policies and programs, and support day-to-day HR decisions. Managers use the system to track employees' vacation and sick days and to make changes in staffing and pay. Using the HRIS, managers can request the HRIS system to automatically prepare a personnel report; they no longer have to contact the HR department to request one.
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The following information pertains to Grumpy Company's defined benefit pension plan:Pension asset as of 1/01/18 $ 4,000 2018 service cost $38,000 2018 interest cost $76,000 2018 prior service cost amortization $12,000 2018 expected return on plan assets $44,000 2018 plan asset contributions $80,000 Unamortized prior service cost as of 1/01/18 $48,000 Required: Calculate the pension expense for the year ended December 31, 2018.Prepare the journal entry to record the pension expense for the year ended December 31, 2018.
What will be an ideal response?
Employees who work from their homes or satellite locations are considered to be telecommuting.
Answer the following statement true (T) or false (F)
Builder Construction Company's projects extend over several years and collection of receivables is reasonably certain. Each project has a contract that specifies a price and the rights and obligations of all parties. Both the contractor and the customer are expected to fulfill their contractual obligations on each project. Reliable estimates can be made of the extent of progress and cost to
complete each project. The method that the company should use to account for construction revenue is a. installment sales. b. percentage-of-completion. c. completed-contract. d. cost recovery.
Color and lighting have very limited influence on consumer behavior and are therefore of little concern in developing a store's image
Indicate whether the statement is true or false