TRUE / FALSE. the information needed in preparing a journal entry to record the wages earned, deductions from wages, and net amount paid each payday is obtained from the payroll register.

Answers

Answer 1

The statement " the information needed in preparing a journal entry to record the wages earned, deductions from wages, and net amount paid each payday is obtained from the payroll register" is true because The payroll register is a summary document that lists the total earnings, deductions, and net pay.

The information on the payroll register is essential for accurately recording the company's payroll transactions in the general journal.

In the journal entry, wages earned are recorded as an expense, while deductions such as taxes and benefits are recorded as liabilities. The net amount paid, which is the difference between the total wages earned and the total deductions, represents the cash paid to employees.

Using the data from the payroll register, a business can create accurate journal entries that reflect its payroll obligations and ensure that its financial records are up-to-date and compliant with accounting standards.

In summary, the payroll register is a crucial source of information for preparing journal entries related to wages, deductions, and net pay, allowing businesses to maintain accurate financial records.

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Related Questions

Among the key management skills, which do you think is the most important skill that a manager should possess?

Answers

Answer:

Good communication

Explanation:

Having good communication skills is probably the most important skill of all for managers to have. Unless you can properly communicate with those you supervise, the rest of the skills really won't matter.

Which statement about the Johari window is true?
A. It shows you how to reach self-actualization, which means
becoming the best possible version of yourself.
B. It shows you how to meet your basic needs of safety and shelter,
which you must meet before any other needs.
C. It can help you understand that talents, abilities, and intelligence
are fixed and cannot change.
D. It can help you understand what others notice about you and what
you notice about yourself.

Answers

B it shows you how to meet your basic needs of saftey

What other considerations do manufacturers have when deciding on the dimensions of the cans, besides minimizing the amount of material used

Answers

Answer:

Imagine that you are an engineer for a soda company, and you are tasked with finding the most economical shape for its aluminum cans. You are given a set of constraints: the can ust hold a volume V of liquid and be a cylindrical shape of height h and radius r, and you need to minimize the cost of the metal required to make the can.

(a) First, ignore any waste material that is discarded during the manufacturing process and just minimuze the total surface area for a given volume V. Using this constraint, show that the optimal dimensions are achieved when h = 2t.

(b) Next, take the manufacturing process into account. Materials for the cans are fut from flat sheets of metal. The cylindrical sides ar made form curved rectangles, and rectangles can be cut from sheets of metal with virtually no waste. However, when the disks of the top and bottom of the can are cut from flat sheets of metal, there is significant waste material. Assume that the disks are cut from squares with side lengths of 2r, so that one disk is cut out of each square in a grid. Show that in this case the amount of material is minimized when: h÷r = 8÷π ≈2.55 .

(c) It is far more efficient to cut the disks from a tiling of hexagons than from a tiling of squares, as the former leaves far less waste material. Show that if the disks for the lids and bases of the cans are cut from a tiling of hexagons, the optimal ratio is h ÷ r = 4√3 ÷ π ≈ 2.21 . Hint: The formula for the area of a hexagon circumscribing a circle of radius r is A = 6r ^2 ÷ √3.

(d) Look at a variety of aluminum cans of different sizes from the supermarket. Which models from problems a-c best approximate the shapes of the cans? Are the cans actually perfect cylinders? Are there other assumptions about the maufacture of the cans that we should take into account? Do a little bit of research, and write a response to answer some of these questions by comparing our models to the actual dimensions used.

Explanation:

did u get it if yes give me brilliant star

Latrice works in product design for a cell phone manufacturer. She researches what people like and dislike about their current cell phones and then draws up ideas for new designs. What skill might benefit Latrice in her career?

A. Latrice is great with math and keeping things in order.

B. Latrice is outgoing and friendly.

C. Latrice is artistic and has a great imagination.

D. Latrice loves the outdoors.

Answers

C . In order for Latrice to do her job correctly , she would need the skill of good imagination and artistic views to better her designs.

One major reason businesses seek investment is to:
A. increase the opportunity cost of making new products.
B. boost their productivity by improving their inputs.
C. give them the ability to ignore production possibilities curves.
D. reduce their need for consistent financial growth.

Answers

One major reason businesses seek investment is to boost their productivity by improving their inputs. Option B is correct.

What is Investment?

A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.

An investment always involves the expenditure of some resource today time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment.

For instance, an investor might buy a financial asset right away with the hope that it would provide income later on or that it can be sold for a profit at a higher price.

Thus businesses seek investment is to boost their productivity by improving their inputs in order to maximize wealth of owners of the business.

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When managing in a unionized environment, managers need to remember two words. Bilateral and.

Answers

When someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

In a unionized work-environment, the employers must be enter an individual contracts with the employees since union is the bargaining agent for them.

In a unionized work-environment, the employees who are members of a union enjoys greater job security than the nonunion workers.

Hence, when someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

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Question 7 of 10
Which of the following best describes what a manager does?
O A. Influences others to purchase certain goods from certain stores
O B. Makes sure that a company is using its resources in a way that
helps it meet its goals
O C. Works for a company and produces resources to make a product
O D. Combines an idea, a plan, and various resources to start a new
business
Omg

Answers

Answer:

The answer is B..........

Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Answers

Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.

Explanation:

Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Explanation:

answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
3. Many jobs in the Personal Services pathway—such as hairdresser, personal trainer, massage therapist or barber—involve caring for people’s physical needs. List two important qualities that might be needed for success in these kinds of careers and explain how each of the qualities you mentioned are important to finding success in this field.

Answers

Answer:

Confidece, and empathy.

Explanation:

Confidence to know you will do great at your job, and empathy to know how others feel about themselves!

Hope this helps! Brainliest plz!

In the context of contracts formed by promises, which of the following is an agreement containing mutual promises? A. unilateral contract B. quasi-contract C. express-in-fact contract D. bilateral contract E. implied-in-fact contract

Answers

D. Bilateral contract. A bilateral contract is an agreement containing mutual promises. In a bilateral contract, both parties make promises to perform certain actions or provide something of value to each other.

Each party's promise is the consideration for the other party's promise. For example, if Party A promises to deliver a product and Party B promises to pay a specified amount for it, it creates a bilateral contract. Both parties have made mutual promises, and each promise is binding upon the other party.

Unilateral contracts (A) involve a promise by one party in exchange for the performance of an act by the other party. Quasi-contracts (B) are not true contracts but are imposed by the law to prevent unjust enrichment. Express-in-fact contracts (C) are contracts where the parties' intentions are explicitly stated, either verbally or in writing. Implied-in-fact contracts (E) are contracts formed based on the parties' conduct or behavior, indicating an intention to create a contract.

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The American Labor movement was considered radical compared to what was happening in Europe. true or false

Answers

Answer:

true took the test brainliest please

Why does the Federal Reserve focus on targeting the federal funds rate?

Answers

Answer:

The Federal Reserve uses certain tools to adjust this rate, because it influences other interest rates, such as those you pay on credit cards, mortgages, and bank loans. It also affects the value of the U.S. dollar and other household and business assets. That makes it the most important interest rate in the world.

Explanation:

Because

True/False
In project time management, the primary output of defining activities is a schedule management.

Answers

The statement "In project time management, the primary output of defining activities is a schedule management." is false.

The primary output of the Define Activities process in project time management is an activity list. The activity list is a document that lists all of the activities that need to be performed in order to complete the project. It includes the name of each activity, a brief description of each activity, and the estimated duration of each activity.

The Schedule Management Plan is an output of the Plan Schedule Management process, which is a later process in project time management. The Schedule Management Plan documents the approach that will be used to develop, manage, and control the project schedule. It includes the tools and techniques that will be used, the roles and responsibilities of the project team members, and the policies and procedures that will be followed.

So, the primary output of the Define Activities process is an activity list, not a schedule management plan.

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Are there times you would be willing to compromise your ethics for business gain?

Answers

As an AI language model, I do not possess ethics, values, or morals, nor do I have the capacity to compromise them. However, I can provide some insight on how humans approach this question.

Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors. Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors.

Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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What effect does an increase in immigration have on labor supply?

Answers

An increase in immigration can have a significant impact on labor supply. With more immigrants entering the workforce, the supply of labor increases.

This can potentially lead to downward pressure on wages and a shift in the labor market. However, the exact effect depends on several factors such as the skills and education levels of the immigrants, the demand for labor in various industries, and the overall state of the economy. Some studies suggest that immigration can also lead to job creation and innovation, ultimately benefiting the economy as a whole.

An increase in immigration can lead to an expansion in the labor supply, as more people become available to participate in the workforce. This can potentially result in increased productivity and economic growth. However, it may also lead to competition for jobs and wage adjustments, depending on the skill levels of the immigrants and the existing workforce.

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An increase in immigration typically leads to an increase in labor supply.

This is because immigrants come to a new country with the intention of finding work, and they often have skills and experience that are in demand. As a result, an increase in immigration can lead to a larger pool of available workers, which can drive down wages and make it easier for employers to fill open positions. Immigrants support the American economy by providing labor and by starting their own businesses. Entrepreneurs raise the need for labor by filling job openings, which makes the labor market more competitive (Azoulay et al. 2022).

However, the effects of immigration on labor supply can vary depending on a number of factors, including the skills and education levels of the immigrants, the size of the immigrant population, and the overall state of the economy.

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omg people are so sensetive

Answers

Answer:

ikrrr

Explanation:

It is sensitive, and yes. My sister is very sensitive lol.

explain hotel manager​

Answers

Answer:

Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.

Answer:

hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget

The process of sending and receiving messages without using any spoken words defines _____.
a.
verbal communication
b.
nonverbal communication
c.
open communication
d.
empty communication

Answers

B. Nonverbal communication is communication without words spoken.

The process of sending and receiving messages without using any spoken words defines nonverbal communication. The correct option is B. The exchange of information through body language, gestures, facial emotions, created space, and other nonverbal cues is known as nonverbal communication.

What are the barriers to nonverbal communication?

Communication may be less effective if nonverbal clues, gestures, posture, and overall body language are not visible. Face-to-face contact is frequently more effective than phone calls, texts, and other technology-based communication methods.

The exchange of messages or signals using nonverbal cues like eye contact, gestures, posture, and body language is known as nonverbal communication. It involves the utilization of vocal and tactile clues, as well as kinesics, distance, physical settings, and appearance.

Thus, the ideal selection is option B.

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Identify the tasks performed by workers in a Production career? Choose all that apply. cleaning and maithaining equipment and tools. managing budgets and costs. feeding materials into machines, and removing materials from machines. researching and comparing prices of products and services. checking and testing products or parts. designing and enforcing safety procedures to the environment.​

Answers

Answer:

A. cleaning and maintaining equipment and tools, C. feeding materials into machines, and removing materials from machines, E. checking and testing products or parts

Explanation:

can i get brainliest?

The task that is performed by the worker in the production department is cleaning and maintaining equipment and tools, feeding material into machines, removing materials from machines and checking and testing products or parts.

What is the production career?

Production personnel, in particular, are in charge of creating the final products. The labor of the production uses different types of equipment and parts of the machinery to allocate them in a systematic way. Others may work on a conveyor belt line, where each employee is responsible for their duty.

Thus, maintaining equipment, feeding materials to machinery and testing and checking parts are the right option

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Li would like to know what "managing up" means in the context of her being an HR professional.

How would
you briefly define "managing up" to Li?

Answers

In the context of being a HR professional, managing up would have to do with the management of the employees that are in an organization in terms of hiring and ensuring good conduct.

Who is a HR professional?

The five key responsibilities of human resources include managing talent, pay and benefits for employees, training and development, compliance, and workplace safety. By efficiently managing the employee lifecycle, an HR department may assist in providing organizational structure and the capacity to satisfy business demands.

They act as a conduit between potential employees and the businesses hiring. While some businesses utilize outsourcing techniques, others establish a human resources department under the direction or control of an HR manager.

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which of the following can we assuredly assume for the toyota and caterpillar examples in the case?
a. They held disaster risk insurance policies
b. They each used a single primary supplier for the parts that cuased production to halt
c. They learned their lesson and abandoned JIT after their respective catastrophes
d. Their JIT systems were falwed

Answers

Based on the information provided, we cannot assuredly assume any of the options for the Toyota and Caterpillar examples in the case. Let's analyze each option: Without further information or explicit mention in the case, none of the given options can be assuredly assumed for the Toyota and Caterpillar examples.

a. They held disaster risk insurance policies: The case does not mention whether Toyota and Caterpillar had disaster risk insurance policies. Insurance decisions are specific to each company and can vary based on their risk assessment, financial situation, and strategic priorities. Therefore, we cannot assume whether they had such policies or not.

b. They each used a single primary supplier for the parts that caused production to halt: The case does not provide any information regarding the number of suppliers or whether Toyota and Caterpillar relied on a single primary supplier. Both companies have complex supply chains, and it is common for large manufacturers to have multiple suppliers for critical parts. Therefore, assuming they each used a single primary supplier would be speculative without further evidence.

c. They learned their lesson and abandoned JIT after their respective catastrophes: The case does not explicitly state whether Toyota and Caterpillar abandoned Just-in-Time (JIT) after their catastrophes. JIT is a widely adopted manufacturing strategy known for its efficiency and cost-saving benefits. While companies may make adjustments to their supply chain strategies based on lessons learned from disruptions, assuming complete abandonment of JIT would be speculative.

d. Their JIT systems were flawed: The case does not provide evidence that the JIT systems of Toyota and Caterpillar were flawed. JIT is a proven manufacturing approach that has been successfully implemented in various industries. The disruptions faced by these companies could be attributed to external factors such as natural disasters or supply chain complexities, rather than inherent flaws in their JIT systems.

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Will the grading period effect what college you will go to later on?
A (True)
B (False)

Answers

Answer: A

Explanation:

Answer:

NO

Explanation:

although cost leadership is perhaps less relevant for firms pursuing product differentiation, costs are not totally irrelevant. what advice about costs would you give a firm pursuing a product differentiation strategy?

Answers

The  advice about costs you would give a firm pursuing a product differentiation strategy is: The firm should focus on a specific product that will help to meet their customers preference and needs.

What is product differentiation strategy?

Product differentiation strategy can be defined as a form of strategy use by  producer or manufacturer to distinguish their product from that of others based on the fact that if manufacture does not make use of  product differentiation strategy all product in the market will be similar which will lead to difficulty in differentiating product A from product B.

The firm should tend  to focus on a product in which consumer will derived satisfaction from or product that will meets customer needs and should ensure  the price of the product is lesser than that of their competitors as this help to attract potential buyers to their product.

Therefore the firm should  focus on product that will meet their customers needs.

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Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.


-tasks

-skills

-tools

-qualifications

Answers

Answer:

are a - tool - construction workers use

the answer is tools

If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

With the help of online research, write a short report on “glocalization.”

Answers

The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.

To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.

It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.

By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.

The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.

Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).

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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,050 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Retained earnings, October 1 as $0.

Answers

ERNST CONSULTING Income Statement

For Month Ended October 31 is $850

ERNST CONSULTING Income Statement

For Month Ended October 31

Revenues

Consulting fees earned $15,040

Total revenues $15,040

Expenses

Rent expense $4,530

Salaries expense $8,090

Telephone expense $880

Miscellaneous expenses $690

Total expenses $14,190

Net income $850

($15,040-$14,190)

Inconclusion ERNST CONSULTING Income Statement For Month Ended October 31 is $850

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when an ad contains deliberate trickery, the advertisers are guilty of __________.

Answers

When an ad contains deliberate trickery, the advertisers are guilty of Puffery.

The use of boasting and exaggeration by businesses to advertise their products is referred to as puffery in advertising. No sane individual would take the assertions stated as true truth since they are so drastically inflated. Puffery is the benign stretching and exaggeration of facts about a good or service in digital advertising. Yet, using puffery improperly can harm your business and is against the law. Advertising that makes exaggerated claims about a product is known as puffery advertising. Yet, none of the claims can be supported or refuted because they are wholly subjective. Because of the level of boasting and braggadocio present, no sane individual would endorse it.

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Qualified Business Income (QBI) Deduction (LO 4.10)Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income of $421,000 and business expenses of $267,000, including wages paid of $58,000. The business sold some land that had been held for investment generating a long-term capital gain of $15,000. The business has $300,000 of qualified business property in 2018. Rob's wife, Marie, has wage income of $250,000. They jointly sold stocks in 2018 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2018, they take the standard deduction of $24,000.The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.a. What is Rob and Marie's taxable income before the QBI deduction?$b. What is Rob and Marie's QBI?$154,000What is Rob and Marie's QBI deduction?$** Please give explanation and not just the answer. Thank you! **

Answers

Answer:

a. What is Rob and Marie's taxable income before the QBI deduction?

Rob and Marie's taxable income = Marie's wages + long term capital gains - standard deduction = $250,000 + $13,000 - $24,000 = $239,000

b. What is Rob and Marie's QBI?

QBI = total business income - total business expenses = $421,000 - $267,000 = $154,000

What is Rob and Marie's QBI deduction?$

the maximum possible QBI deduction is 20% of the QBI, but it starts to phase out if the couple's other income is more than $315,000 (currently the phase out threshold is a little higher $326,600). Since their taxable income is lower than the threshold, they can deduct the maximum amount = $154,000 x 20% = $30,800

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Constitution both determined that laws should be made by what is six sigma? question 5 options: a) a letter in the greek alphabet that statisticians use to measure process variability b) a methodology aimed at reducing the number of defects in a business process c) a methodology aimed at reducing the amount of variability in a business process d) a methodology aimed at measuring the amount of variability in a business process What statement is central idea of this text? A: Many different Troys were built on top of each otherB: Experts agree that Troy was destroyed, but are unsure about how that happened.C: The Trojan Horse is the most likely reason for the destruction of Troy.D: The Trojan War was flight beach of the relationship between Paris and Helen. the biggest difference in hellenistic sculpture from that of earlier periods is the inclusion of _____. How many free zones are in the world? If HI = JK , what is the length of HK ?