hendrickson company's accountant decided not to accrue a liability for sick leave that the company employees did not take during the current year. the sick leave carries forward to the subsequent year. what condition most likely led the accountant to decide not to accrue a liability for unused sick leave? multiple choice question. the company pays employees for unused sick leave. future absences are contingent on ill

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Answer 1

Future absences are contingent on illness.

If authorized by an award or registered arrangement, sick and caregiving leave may only be cashed out if the following requirements are satisfied: Every time the leave agreement is made. cashed out, a new written  After cashing out, the employee still has at least 300 days of paid sick and caregiver leave remaining.

One can take paid sick leave for a minimum of 0.5 days and a maximum of 7 days. There are neither carry-forwards nor encashments for sick time. Any unused sick leave will automatically expire at of end the current calendar year.

If you have any unused sick days when you retire, they are converted to creditable customer experience for the purposes of calculating your pension. Each month of sick leave statistics is 1/6th of 1% for employees under the CSRS.

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Related Questions

What do you mean by posses?

Answers

Possess is a term used to describe a group of people who have come together for a specific purpose.

What do you mean by posses?

Posses is a term used to refer to a group of people, usually assembled for a specific purpose. It can refer to a group of law enforcement officers or citizens gathered together to search for a criminal, or a group of people who have come together for a common cause or activity. For example, a posse of outlaws might gather together to rob a stagecoach, or a posse of citizens might band together to search for a missing child.

What does Posses mean in buisness?

Possess is a term used to describe a group of people who have come together for a specific purpose. But posses in business typically refers to a group of people who are jointly responsible for the management of a particular business or project. This can include shareholders, directors, and executive officers. Posses can also refer to a collection of people who are jointly responsible for a particular task or goal.

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Who controls production in a communist economy?

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The public con-trols production in a communist economy. The go-ods and services in a communist eco-nomy are controlled by the govern-ment. The govern-ment tends to ma-ke the decisions.

Communism is a political and eco-nomic sys-tem that seeks to create a class-less society in which the major means of pro-duction, such as mines and factories, are own-ed and control-led by the public. Communism is a mo-de of production in which the me-ans of production are not owned by any-one, but shared in com-mon, without class-based exploit-ation.

The wealth pro-duced is shared amo-ng the people, based on their ne-eds, rather than on their contri-bution to the work.

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qs 20-23 budgeted loan activity lo p2 santos co. is preparing a cash budget for february. the company has $12,000 cash at the beginning of february and anticipates $73,000 in cash receipts and $111,000 in cash payments during february. what amount, if any, must the company borrow during february to maintain a $6,000 cash balance? the company has no loans outstanding on february 1. (negative cash balances, if any, should be indicated with minus sign.)

Answers

Ending cash balance = Preliminary cash balance +Cash to be borrowed

4000 = -11000 + Cash to be Borrowed

Cash to be Borrowed= 4,000 + 11,000

= 15,000

Is loan interest factored into the cash budget?

The cash budget results are used in the financing budget, which includes investments, debt, interest income, and interest expense.

To calculate the number of sales you will collect in the current quarter, multiply the percentage of sales you collected in the quarter in which you made the sales by the forecasted sales for the current quarter.

Therefore, 15,000 is the cash that is borrowed.

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vida, age 30, has an high-deductible health plan (hdhp) at her work. she is single, and contributes $2,500 each year to her hsa plan. she rarely uses the funds so has built up a balance. vida is now looking at buying a house; if she took $10,000 from the hsa for a down payment, what would the tax outcome be? if she withdraws $10,000, vida would have to count that as taxable income and pay a 10% penalty ($1,000) for an early withdrawal. she can withdraw contributions without any tax impact. after all, it is her money so she can use it if she needs to. if she withdraws $10,000, vida would have to count that as taxable income and pay a 20% penalty ($2,000) for a nonqualified distribution. if she withdraws $10,000, vida would have to pay a 20% penalty ($2,000) for a nonqualified distribution. there is no other tax impact.

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If she withdraws $10,000, vida would have to pay a 20% penalty ($2,000) for a nonqualified distribution. There is no other tax impact.

When withdrawing money from an HSA, it's important to note that only withdrawals for qualified medical expenses are considered tax-free. If the withdrawal does not qualify as a medical expense, then it is considered a nonqualified distribution, and the individual will be subject to a 20% penalty plus any applicable taxes. In Vida's case, if she withdraws $10,000 from her HSA for a down payment on a house, the money will be considered a nonqualified distribution, and she will be subject to a 20% penalty ($2,000) plus any applicable taxes. There is no other tax impact.

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what are three benefits often gained from holding a full-time job?

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Answer:

There are lots of benefits, but some include: health insurance, dental insurance, vision insurance plans, disability insurance, retirement savings and investment plans, and paid time off.

What is a high tax placed on foreign goods called it helps to protect the home industry?

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Tariffs are tariffs that consumers of imported goods pay, which drives up the cost of goods from other nations. Tariffs frequently serve as effective protectionist barriers, raising the cost of imports that compete with domestic produced goods.

What is a tariffs ?

It is accurate to say that countries impose export taxes when they feel the price of an export is too low. When a nation intends to restrict the selling of domestically manufactured goods abroad, export tariffs are applied. A levy imposed on a good imported from another country serves as an illustration of a tariff. For instance, a 3% tariff on corn would mean that any local importer of grain from a foreign country would have to pay an additional 3% tax on top of the price of corn.

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What do all three economic systems have in common?

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All economic systems—traditional, command, and market—address the issue of scarcity by focusing on what ought to be produced, how it ought to be produced, and for whom it ought to be produced.

Describe the economic system.

The economic system of a nation or a region governs how societies or governments allocate and manage the easily available resources, services, and goods. Physical resources, labor, capital, and all are governed by the economic system.

The various institutions, organizations, entities, decision-making processes, and consumption patterns that make up a community's economic structure together constitute its economic system. a method that governments employ to distribute and coordinate the delivery of resources, services, and goods within a nation or region.

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you are an elementary-school principal and have a budget of $1m per annum. you can spend this on teachers, each with a total salary and benefit cost of $50,000 per year. or you can spend it on free school meals for students at a cost of $500 per student per year. to help make your budgetary choices you draw out the budget constraint. at what value will the budget constraint hit the teacher axis?

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When the budget constraint has a value of 20, then it will most likely hit the teacher's axis on the graph.

A budget constraint can be usually referred to or considered as a situation wherein the organization faces a deficit in allocation of its resources while it is involved in the process of preparing its annual budget at a given point of time. The budget constraint in the above condition will be,

Budget Constraint for Teacher's Axis = Salary Spend / Cost Benefit

Budget Constraint for Teacher's Axis = 1000000 / 50000

Budget Constraint for Teacher's Axis = 20

Therefore, the budget constraint will hit the teacher's axis at a value of 20.

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being a manager can be one of the greatest avenues to a meaningful life, particularly if the manager
A. has a supportive family
B. is working within a supportive or interesting organization culture
C. likes his or her job
D. is working in a diverse culture

Answers

Hence option B is the correct choice.

One of the best paths to a fulfilling life might be management, especially if the manager "is working inside an intriguing or supportive company culture."

Effective management in a company depends on managers who can make decisions. When making decisions on how to advance projects, address issues, and guide the team toward its goals and objectives, employees look to their boss for guidance. A "good" manager may be distinguished from a poor one by his or her capacity to provide a team clear direction and make important choices.

Being a manager may be one of the best paths to a fulfilling life when a business has an engaging or encouraging culture.

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Does unemployment fall or rise during a recession?

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Key Lessons. Economic recession and unemployment are mutually reinforcing. In a downturn, unemployment increases quickly but dissipates slowly, with costly long-term effects.

Why does the  Economic recession?

Recessions, which are a contraction of the business cycle in economics, occur when there is a general decline in economic activity. Typically, recessions begin when spending declines sharply across the board (an adverse demand shock). Numerous reasons, including a decline in consumer confidence, rising interest rates, a stock market crash, and the burst of asset bubbles, can cause economic recessions. Most factors that cause the economy to lag can also cause a recession if they are not handled. The worldwide recession brought on by the 2008 financial crisis and the Great Depression of the 1930s,The most common instances of a recession and depression are, respectively.

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mintzberg characterized managers' interaction with people both inside and outside of their work units as their roles. multiple choice question. decisional informational interpersonal promotional

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Mintzberg defined managers' interpersonal roles as how they deal with people both within and outside of their work units.

What did Mintzberg see about the supervisors' work behavior?

According to Mintzberg, structures are frequently a byproduct of their era. He claims that when industrialized economies were heavily dependent on industrial output and manufacturing, simplistic structures and machines bureaucracies were common.

Meetings were nearly typically scheduled for the lunch hour. They were mindful to take rest periods frequently. Figurehead, leader, & liaison are all interpersonal roles in Mintzberg's opinion. Perhaps Mintzberg's work on organizational forms, which distinguished between the divisionalized form, adhocracy, machine bureaucracy, professional bureaucracy, and simple structure, is best known.

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Is the United States a market economy?

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The United States is widely considered to be a market economy.

This means that businesses, households, and individuals are able to freely choose what goods and services they wish to buy and sell, and prices are determined by the forces of supply and demand.

Competition and consumer choice are the driving forces of a market economy, and the government generally plays a minimal role in the economy. This system has enabled the United States to be a major leader in global economic growth and development.

The United States has long been identified as a market economy, a system in which prices are determined by the open market and the forces of supply and demand.

This economic system is characterized by private ownership of goods and services, voluntary exchange of goods and services, and competitive markets.

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How are incentives used in economics?

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Profitable  impulses are  fiscal  prices  handed to people to alter consumption and  product patterns in an frugality. The main purpose of incentives is to  impact  mortal.

To produce asked  results naturally. It's a type of  financial  provocation that the government or businesses offer.   The primary use of  profitable  impulses is to encourage specific actions and choices. For  illustration,  fiscal  impulses are offered to promote certain  profitable conditioning,  move consumers about a product or service,  convert investors, and award people for  negotiating particular tasks.  

A abecedarian principle of  incentive for the profitable analysis is that “ People respond to  impulses. ” In  request grounded  husbandry, prices  shoot signals that act as  impulses to buyers and  merchandisers, changing their  geste  that is, the  quantum of a good or service they're willing to buy or to offer for  trade.

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What are the 4 characteristics of a free enterprise economy?

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(I 1 freedom of choice; (2) private property rights; (3) profit motive of owners; and (4) owner control.

suppose that a study finds that the price elasticity of demand for mri's is 0.3 (in absolute value). if the price of care were to by 3%, we would expect the quantity of preventative care consumed to fall by %. suppose that a study finds that the price elasticity of demand for mri's is 0.3 (in absolute value). if the price of care were to by 3%, we would expect the quantity of preventative care consumed to fall by %. rise; 0.9% fall; 0.9% fall; 0.3% rise; 0.3%

Answers

The expected change in the quantity of preventative care consumed if the price of care were to rise by 3% would be a 0.9% fall, based on a price elasticity of demand of 0.3 for MRIs.

This is because the elasticity of demand measures the responsiveness of the quantity demanded of a good or service to a change in its price. In this case, a 0.3 elasticity of demand means that for every 1% increase in the price of an MRI, the quantity demanded will fall by 0.3%.

Therefore, a 3% increase in price would result in a 0.9% fall in the quantity demanded.

However, it is important to note that the price elasticity of demand can vary depending on the good or service, and this study's finding may not necessarily generalize to other goods or services.

Additionally, other factors such as income, availability, and substitute goods can also affect the elasticity of demand.

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which one of the following questions involves a capital budgeting decision?

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Deciding whether or not to purchase a new machine for the production line is a capital budgeting decision.

A capital budgeting decision often involves a yes-or-no answer regarding a firm's facility, service, product, or activity. In other words, we either accept or reject the business proposition. 2. Reliable projections of the timing and volume of cash flow for the proposal are necessary for a capital budgeting decision.

The economic viability of a capital investment can be ascertained using a number of capital budgeting analysis techniques. The Payback Period, Discounted Payment Period, Net Present Value, Profitability Index, Internal Rate of Return, and Modified Internal Rate of Return are a few of them.

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rabia does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position. which terms can be used to describe rabia? check all that apply.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

Answers

Rabia does not currently have a job, but declined a job offer because she feels her skills merit better pay and a better position. The terms that can be used to describe Rabia is unemployed and frictional unemployed.

Several types of unemployment:Cyclical unemployed: This type of unemployment is caused directly by economic ups and downs. Usually it rises during recessions and falls during economic expansions.Frictional unemployed: In this type, people leaving their jobs voluntarily. People who have resigned from their positions and graduates looking for their first jobs require time to locate work, leaving them unemployed in the meanwhile.Structural unemployed: In this type, while jobs are available, the people who could fill them either lack the necessary abilities or are not in the correct place.  One of the examples is when a company relocates jobs to a site that is too far away for employees to go to, leaving those people unemployed.

Based on her situation ,Rabia can be considered as unemployed as well as frictional unemployed.

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What are two potential rewards of being an exceptional manager? (Choose all that apply.)
The ability to earn more than most workers
Fringe benefits, such as a large office or stock options
The ability to make decisions without being questioned
A guarantee of employment in one's chosen field

Answers

Benefits such as a large office or stock options are fringe benefits. The capacity to earn more than the majority of workers.

What are Stock Options?

Shares of a company's stock are that asset in the case of stock options. An option is a contract in which two parties agree to have the option to sell or buy the stock at a predetermined price in the future. The strike price or exercise price is the name of the price.

There are four fundamental choices: buying and selling call options, put options, and buying and selling put options. The buyer of call options bets that an underlying asset's market price will exceed a predetermined price, known as the strike price, while the seller bets that it won't.

A stock option is a kind of derivative that gives you the right, but not the obligation, to buy a certain amount of a certain stock at a predetermined price at a specific date in the future.

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which breed of sheep is known for high-quality wool?

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Among the most well-known breeds of wool sheep are the Merino, Rambouillet, Blue Faced Leicester, and Corriedale varieties.

Which breed of sheep has the highest wool production?

Merino. The finest and most valuable type of wool is produced by the ancestors of virtually all breeds of fine wool. Wool from Merino sheep is 17-22 microns fine.

Which Indian sheep produces the best wool?

Because Chokla sheep are regarded as producing the finest wool in Rajasthan and India, they are also referred to as the Marino of India.

Which sheep's wool is the most expensive?

The finest and most exclusive wool in the world is Vicua. It comes from the vicua, a small animal with the appearance of a llama that lives in Peru's Andes Mountains.

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What causes unemployment rates to change?

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During recessions and booms, cyclical unemployment levels change. Due to cyclical unemployment, which is intimately related to the business cycle, the current unemployment rate deviates from the natural rate of unemployment.

What Is Cyclical Unemployment  ?

Collective unemployment that is cyclical changes in accordance with a nation's overall business cycle. The unemployment rate will rise in tandem with society's descent into a recession and finally experience an economic upturn, followed by a gradual fall. Are there cyclical changes in unemployment rates?

Economic downturns or modifications in business conditions that have an impact on the need for labour are the main causes of cyclical unemployment. Temporary, cyclical unemployment rises and falls in tandem with expansionary and contractionary phases.

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is focused on evaluating a company’s performance not only by its ability to generate economic profits, but also by its impact on people and on the planet.

Answers

ESG (Environmental, Social, and Governance) investing is an investment strategy that considers a company's impact on the environment, society, and governance in addition to its financial performance.

It aims to evaluate a company's performance holistically, taking into account not only its ability to generate economic profits but also its impact on people and the planet.

ESG investing is a form of responsible investing that incorporates environmental, social, and governance considerations into the investment process. This can include factors such as a company's carbon emissions, labour practices, and corporate governance structure.

Environmental factors include a company's impact on the environment, such as its carbon footprint and resource use. Social factors include how a company treats its employees, customers, and communities. Governance factors include a company's leadership, board structure, and transparency.

By considering these factors, ESG investors aim to identify companies that are well-managed and have a positive impact on society and the environment. These companies may be less likely to experience crises or negative events, and they may offer better long-term performance potential. ESG investors may also seek to use their investments to promote positive social and environmental change.

Additionally, ESG investing can help to minimize the risk of investing in companies that may face regulatory or reputational risks due to negative ESG performance.

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an agent often assists his elderly clients by underlining pertinent information in the prospectus when making mutual fund presentations. the clients, who are mainly novice investors, appreciate this. which statement is true about this situation?

Answers

The statement that is true about this situation is that the agent violated the Uniform Securities Act by marking the prospectus.

What is Uniform Securities Act?

The model statute known as the Uniform Securities Act serves as a starting point for state-level securities regulation. Because the Securities and Exchange Commission (SEC) requires assistance with enforcement and regulation, the Uniform Securities Act was enacted to combat securities fraud at the state level.

Because not all investments are federally regulated and not all investment dealers are federally registered, the SEC is unable to protect all investors and investigate all security violations. This prompted the need for state-level laws such as the Uniform Securities Act to further protect investors. Each state has its own set of security regulations, known as "blue sky laws."

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What actually happens when the Fed raises interest rates?

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The cost of borrowing money rises when the Fed raises interest rates. It entails higher rates for credit cards, auto loans, and any other financing-dependent sector of the economy. Consumers find that to be painful, especially those who depend more heavily on credit cards or loans.

The amount of interest that is computed as a percentage of the amount lent, deposited, or borrowed and is due each period is known as the interest rate. The final amount of interest charged on a money lent or borrowed depends on a number of variables, including the principal, interest rate, frequency of compounding, and term of the loan, deposit, or borrowing. The interest rate that is determined over a year is the annual interest rate. According to one definition, the interest rate "measures the preference for a dollar of present income over a dollar of future revenue." The borrower has the ability to repay the debt.

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calculate the projected debt ratio, debt-to-equity ratio, liabilities-to-assets ratio, times-interest-earned ratio, and ebitda coverage ratios. how does computron compare with the industry with respect to financial leverage? what can you conclude from these ratios?

Answers

You've already computed the ratios. Please include the times-interest-earned ratio (TIE) in your calculation.

What if your debt-to-equity ratio is higher than the industry standard?

In general, a high debt-to-equity ratio indicates that your company is in financial trouble and unable to pay its creditors. However, if it is too low, it indicates that your company is overly reliant on equity to finance its operations, which can be costly and inefficient.

Computron's 2020E price/earnings and market/book ratios are lower than the industry average. As a result, the company appears to be less expensive than the industry as a whole.

Therefore,  As a result, investors are expected to have a negative opinion of the company.

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Which of the following is are the goals of macroeconomics mcq?
A. to achieve higher level of gdp
B. to achieve higher level of employment
C. stability of prices
D. all the above

Answers

Answer:

The answer is D All of the above

Explanation:

which of the following cannot be disclosed verbally to a customer by an agent of a broker-dealer? a information found in a prospectus for a new issue offering b material non-public information about a company's product plans c financial information found in the company's latest 10k filing d recommendations of securities included in the broker-dealer's monthly market letter

Answers

Option b: Material non-public information about a company's product plans cannot be disclosed verbally to a customer by an agent of a broker-dealer.

Material non-public information regarding a company's product plans cannot be verbally communicated to clients by broker representatives.

Nonpublic information generally refers to personal information about an individual that has not been made public and should not be made public.

This includes social security numbers, banking information, other personally identifiable financial information, and certain transactions with financial institutions.

Material non-public information may be disclosed at the Company's discretion as required by law.

When companies disclose material public information on a large scale, it becomes widely disseminated and available to all individuals, creating a level playing field for investors.

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voiture company manufactures compact, energy-efficient cars. on april 1, it purchased a machine for its assembly line at a contract price of $400,000 with terms of 2/10, n/30. voiture paid the contract price on april 8 and also incurred installation and transportation costs of $5,000, sales tax of $32,000, and testing costs of $2,000. during testing, the machine was accidentally damaged, so the company had to pay $1,000 to repair it. required: determine the cost of the machine. for each item excluded from property, plant and equipment, how would the item be classified in the financial statements?

Answers

The cost of the machine is $440,000 as per the given information in the question.

Installation and transportation costs of $5,000 would be classified as an expense on the income statement. Sales tax of $32,000 would also be classified as an expense on the income statement. Testing costs of $2,000 would also be classified as an expense on the income statement. The repair costs of $1,000 would also be classified as an expense on the income statement.

The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government. A company is liable for sales taxes in a particular jurisdiction if it has a nexus there, which, depending on the local rules, can be a physical location, an employee, an affiliate, or some other presence.

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The full set of procedures used to accomplish the measurement/communication process of financial accounting is referred to as the: A. Trial balance B. Accounting cycleC. Chart of accounts D. General ledger 39.

Answers

B) The accounting cycle is used to collect information, extract important data, journalize it in a general or specialized journal, post it in the appropriate ledger, and then communicate or transfer it to accounting information users.

What are the steps in financial accounting?

In order to cut down on mistakes and losses, financial accounting procedures ensure that particular processes are carried out in particular ways. Standardization is essential for managing the accounting function, ensuring that necessary tasks are completed without being overlooked. Procedures also aid in the training of new employees.

What are the accounting procedure's four steps?

The identification and evaluation of transactions, the recording of transactions in a journal, the posting of journal information to a ledger, and the preparation of an unadjusted trial balance are the first four steps in the accounting cycle. We'll start by outlining the steps and the supporting documentation.

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Why is automation cheaper?

Answers

Workers who are proficient with machines are more productive than those who are not, which lowers the costs and prices of goods and services while giving consumers a sense of increased wealth is  automation cheaper.

Workers who are skilled in using machines are more productive than those who are not, which decreases the costs and prices of goods and services while increasing consumers' perceptions of wealth. As a result, consumers spend more money, which leads to an increase in employment. Automating increases both output and profit. Additionally, automation aids in reducing errors, which can considerably reduce overall expenses. Because you'll have faith in the accuracy of your information, you won't have to worry about incurring fines and penalties for failing to file your costs. Automation in the workplace can help your company save money by reducing costly errors and streamlining your processes so that personnel can complete them more quickly. Additionally, you might be able to save money because administrative work is repetitive and time-consuming.

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suppose you produce wooden desks, and government legislation protecting the spotted horn bird has made it more expensive for you to purchase wood. what do you expect to happen to the equilibrium price and quantity of wooden desks?

Answers

The equilibrium price and quantity of wooden desks will be affected by the government legislation protecting the spotted horn bird.

What is equilibrium?

Equilibrium is a state of balance where opposing forces in a system are equal and cancel each other out. This can be seen in physical systems such as the distribution of particles in a gas or the distribution of wealth in a market, but can also be applied to social or psychological systems. In equilibrium, no changes occur, and the system remains in a steady state.

The increased cost of purchasing wood will likely lead to an increase in the equilibrium price of wooden desks as the higher cost of wood will be passed on to consumers. At the same time, the equilibrium quantity of wooden desks is likely to decrease as the higher cost of wood reduces the profitability of producing wooden desks for the producers.

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