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KIM [24]
3 years ago
12

How does a payroll accountant use the information in the General Ledger? (You may select more than one answer. The account balan

ces form the basis for accounting reports. Payroll expenses contained in the General Ledger are not used to make personnel decisions. General Ledger account balances aggregate data to determine payroll costs. The payroll accountant uses General Ledger balances to determine the effectiveness of individual employees.
Business
1 answer:
son4ous [18]3 years ago
4 0

Answer: General Leger account balances aggregate data to determine payroll costs .

The account balances form the basis for accounting reports.

Explanation: a General ledger is defined as the central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements.

The general ledger provides information of accounting reports which in turn is used to balance aggregate data to determine payroll costs .

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Value stocks usually exhibit ______ price-to-book ratios and ______ price-to-earnings ratios.A. low; lowB. low; highC. high; low
AysviL [449]

Answer:

A. low; low

Explanation:

Value stocks usually exhibit low price-to-book ratios and low price-to-earnings ratios

3 0
2 years ago
Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To pr
Mademuasel [1]

Answer:

The company will produce the requested 150 units of A for a gain of 300 dollars

and then use his resourses to produce B yielding a gain of 90 dollars

total of 390 profit

Explanation:

The company will produce at least 150 units of product A therefore:

lbs used: 150 x 3 = 450

minutes of labor used 150 x 8 = 1,200

leaving available:

1,200 - 450 = 750 lbs

1,500 - 1,200 = 300 mins

As time is the most scarce resource we allocate base on thecontribution per minute:

product A $2 of profit for 8 minutes: 0.25 dollars per minute

product B $1.5 of profit for 5 minutes: 0.30 dollars per minute

As product B is more profitable considering labor time we use the entire amount left to produce product B

300 min / 5 minutes = 60 units of b

6 0
3 years ago
Crater HVAC Systems is preparing its statement of cash flows ​(indirect​ method) for the year ended March​ 31, 2018. To​ follow,
Ymorist [56]

Answer:

a. Increase in inventory - <u>an operating activity subtraction from net​ income</u>

This is an operating activity as it has to do with the day to day business of the company and its operations. It is a subtraction from Net income because an increase in inventory means that more cash was spent to buy the inventory.

b. Issuance of common stock - <u>a financing​ activity</u>

Financing activities are those that have to do with raising capital for the business so when stock is issued and Equity is raised, it is a financing activity.

c. Decrease in accrued liabilities - <u>an operating activity subtraction from net​ income</u>

Liabilities are also in relation to the firm's operations so they are operating activities. This will be a subtraction from Net income because cash was used to pay off liabilities which is what reduced them.

d. Net income - <u>operating activity addition to net​ income</u>

Net income is derived from the operations of the business so is an Operating activity. It will increase net income evidently.

e. Decrease in prepaid expense - <u>operating activity addition to net​ income</u>

Prepaid expense is in relation to expenses which is an operating activity. It will be an addition to net income because as an asset, it reducing means that cash was not paid to acquire it.

8 0
3 years ago
What characteristics of an organizational structure and culture are best suited to achieving a cost-leadership strategy
S_A_V [24]

An informal type of organizational structure is one best suited for achieving a cost-leadership strategy especially when the managers is promoting innovation.

<h3>What is a cost leadership strategy?</h3>

This is a cost strategy that relies on a firm's ability in using a lower costs of production to offer quality products at low prices.

These type of strategy is best achieved with an informal type of organizational structure & culture.

Read more about cost leadership strategy

<em>brainly.com/question/26891629</em>

4 0
2 years ago
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 mill
s2008m [1.1K]

Answer:

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

3 0
3 years ago
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