Answer:
True
Explanation:
1. Usually wages are paid by the number of hours spent working.
For example, someone who works as a warehouse supervisor may be paid hourly for the amount of time spent on the job.
2. Salary is usually the amount paid for services rendered, it is valued in cash, and does not include non-cash compensation like medical insurance.
For example, a person may be paid $15,000 (fixed amount) each month not necessarily considering the number of hours spent on job.
3. Bonuses are categorised under non cash compensation, because they are benefits added to employee's salary such as:
Annual bonuses or commissions, life insurance etc.
True in most organisations annual bonuses are paid within two and half months after end of year in the year they were earned.
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
Answer:
As an economics student, the following suggestions can help address the issue of persistently high unemployment rate in the country. The appropriate suggestions are; an increase in government spending to assist the economy and offer more extensive unemployment benefits to alleviate the financial stress of job loss.
<span>A formal market for overnight loans of federal reserves is the federal funds market.
The federal funds market is the official market for overnight loans of federal reserves. The loans are only good for one day, which is why they are called overnight loans. They have a large requirement for approval process before they lend out money/loans.
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