This type of compensation system is called job-based pay.
This model of compensation determines <u>how much the employee would get paid according to the tasks that the employee has to do</u>. Pay raise in this type of compensation model would be determined by work tenure.
An alternative to this model is called <em>knowledge-based compensation</em> or <em>person-based pay.</em> In this approach, the individual receives compensation based on the skills and knowledge that person has to do the job. Thus, the more competent you are in the type of tasks you need to do, the higher the pay you will receive.
Answer:
Issuance of common stock to acquire land is a non-cash investing and financial activity.
Explanation:
Payment of note payable, payment of cash dividend and purchase of inventory on account all involve cash transactions.
Here, the issuance of common stock is a financial activity. Acquiring land can be categorized as an investing activity. To acquire land common stock is issued, cash is not involved.
So, the issuance of common stock to acquire land is non-cash investing and financial activity.
The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to: Observe physical counts of the inventory items.
<h3>
Which of the following audit procedures is best to perform to determine that company legally owns inventories?</h3>
To best ascertain that a company has properly included merchandise that it owns in its ending inventory, the auditors should review and test the: Purchase cutoff procedures. Purchase cutoff procedures should be designed to test whether all inventory Owned by the company was recorded.
Observe merchandise and raw materials during the client's physical inventory taking.
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Answer:
The maximum amount that should be paid today is $11.29
Explanation:
The constant growth model of the DDM approach can be used to calculate the price or fair value per share today based on the expected dividends that the stock will pay. As the dividends are declining n this case, the dividend growth will be negative i.e. -1.5%
The formula for the price of share today is,
P0 or V = D1 / r - g
Thus,
P0 = 1.75 / (0.14 + 0.015)
P0 = $11.29
Answer:
The question is missing below:
Eneri Company's inventory records show the following data:
Units Unit Cost
Inventory, January 1 10,000 $9.20
Purchases: June 8 9,000 $8.00
November 8 6,000 $7.00
Under FIFO method,the December 31 inventory is valued at $28,000
Explanation:
Under FIFO first-in first out ,the understanding is that inventory bought first is the first to be sold,hence the closing inventory is to be valuated at the price of the last purchase since the last purchase units is more than closing inventory.
As a result, the 4,000 closing inventory is to be valued at $7 each,which gives $28,000($7*4000).
