The <u>process </u>is a systematic series of actions that leads to a specific result or product.
<h3>What is a Process?</h3>
A process is a set of decisions and actions used to carry out the task. Although we may not be aware of them, processes are present in every sphere of our lives, including work and pleasure. Several instances of
processes may be:
- breakfast preparation
- Making a purchase
- establishing a budget
- A work order is written.
- A patient is triaged.
- sanitizing a space
- changing a car's oil
- placing truck straps
- refueling a vehicle
<h3>Timing and dependency of a Process</h3>
Awareness of genuine process behavior requires an understanding of timing and interdependence. The submitter only submitted background checks on Tuesday between 3:00 and 3:30 PM throughout the background check procedure outlined above. This implies that it can take up to 7 days for a pending background check to be filed. 14 extra days might be added to the background check procedure by three additional comparable delays. Understanding how actions inside a process are timed is essential to any improvement technique, but it is not made clear by the fundamental description. The framework for describing when a process takes place is not part of the fundamental concept of a process.
Therefore, As explained in your textbook, a <u>Process </u>is a systematic series of actions that leads to a specific result or product.
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Answer:
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
- Dr FICA Social Security expense 6,600
- Dr FICA Medicare expense 1,650
- Dr Federal unemployment tax expense 200
- Dr State unemployment tax expense 1,350
- Cr FICA Social Security payable 6,600
- Cr FICA Medicare payable 1,650
- Cr Federal unemployment tax payable 200
- Cr State unemployment tax payable 1,350
Explanation:
payroll taxes should be:
social security $110,000 x 6% = $6,600
Medicare $110,000 x 1.5% = $1,650
federal unemployment $25,000 x 0.8% = $200
state unemployment $25,000 x 5.4% = $1,350
total = $9,800
Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.
1. a balance sheet includes all except depreciation.
2. business do have to report their financial statements to the irs so this is true.
3. the loss that a company experiences when a service goes unused is a liability.
hope this helps ☺
Answer:
Level of sales (dollars) to earn profit of $50,000
= <u>Fixed cost + desired profit</u>
Contribution margin ratio
= <u>$275,000 + $50,000</u>
0.5
= $650,000
Number of units to earn profit of $50,000
= <u>Level of sales</u>
Selling price
= <u>$650,000</u>
$200
= 3,250 units
The correct answer is A
Explanation:
First and foremost, the level of sales (dollars) to earn $50,000 profit is calculated, which is the ratio of fixed cost and desired profit to contribution margin ratio. Then, we will calculate the number of units to be sold in order to earn $50,000 profit by dividing the level of sales by selling price.
Answer:
Convert the bonds into 20 common stocks.
Explanation:
the investor has 3 options:
- sell the bond at $1,000 x 1.005 = $1,005
- sell the bond to the corporation at $1,000 + $10 = $1,010
- convert the bond into 20 common stocks = 20 x $51 = $1,020
the option that yields the highest return is to convert the bonds into common stocks.
