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emmainna [20.7K]
3 years ago
8

Stiner has chosen to accrue the liability for compensated absences at the rates of pay in effect when the compensated time is ea

rned. Any difference between the accrual and amount paid is expensed in the year that the vacation is taken. The amount paid for vacation days is based on wages in effect when the vacation is taken. True or false?
Business
1 answer:
marshall27 [118]3 years ago
5 0

Answer:

True

Explanation:

A compensated absence is employee time off with pay, which can arise in such situations as sick leave, holidays, vacations, and jury duty. To account for compensated absences, it is not necessary to separately recognize them when they are earned and used within the same period, since it is typically rolled into the general compensation expense. However, they must be charged to expense and recorded as a liability when they are earned and their use is deferred to a later period.

An employer should accrue a liability for compensated absences payable to employees for their future absences, but only if all of the following conditions are met:

• The payment obligation for future absences is based on employee services already rendered.

• The amount of the obligation can be reasonably estimated.

• Payment is probable.

• The obligation is for employee rights that vest or accumulate.

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Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation

But in this it received the favorable tax treatment as compared with the corporation

8 0
3 years ago
Kevin has had a checking account for a month. As he reconciles his account, Kevin notices that the dates on his check register d
ale4655 [162]
I think the likely response from the bank is that probably the date when you issued the checks is not the same when the beneficiary cashed or deposited them.
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3 years ago
It is reasonable for a company's management team to abandon efforts to win contracts to supply private-label footwear to chain r
mote1985 [20]

When the benchmarking data in the most recent FIR shows that the majority of sellers of Private-Label footwear had a margin over direct costs per pair sold that was below $5, It Is reasonable for a company's management team to abandon efforts to win Contracts to supply private-label footwear to chain retailers in a given year.

<h3>What is private label and private label retail?</h3>
  • A contract or third-party manufacturer creates a private label product, which is then marketed and sold by a retailer.
  • The retailer, decide everything about the product, including what goes inside.
  • How it is packaged, and how it looks on the label.
  • Also pay to have it made and shipped to your store.

To know more about Private label check this out:

brainly.com/question/28154878

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8 0
2 years ago
Dr. Beswick was writing questions for a test, but found herself listening to reggae music coming from an adjoining office, and t
Svetradugi [14.3K]

Dr. Beswick was writing questions for a test, but found herself listening to reggae music coming from an adjoining office, and thinking about her upcoming trip to the Caribbean. She is experiencing  <u>attentional deficit</u>.

<u>Explanation</u>:

Attention deficit disorder (ADD) is a kind of neurological disorder that causes difficulty in concentration, lacking attention and facing many problems in completing tasks and social interaction.

Brain injury, genes and exposure to environment toxins are some of the causes of the attention deficit disorder.

In the above scenario, Dr. Beswick was attending a test. She was distracted by the reggae music that was coming from the adjoining office. After listening to the music she started thinking about her upcoming trip to Caribbean. Dr. Beswick was affected by attentional deficit disorder.

7 0
3 years ago
Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's p
mars1129 [50]

Answer:

C.

Explanation:

Organizational effectiveness happen when an association is able to meet its objectives and achieve the outcomes the organization intends to produce. This means an organization that produces a desired effect or an organization that is productive without waste.

Is critical to success in any economy. In order to achieve increased and sustainable business results, organizations needs to execute strategy and engage employees.

Is about each individual doing everything they know to do and doing it well. in other words organizational effectiveness is the capacity of an organization to produce the desired results with a minimum expenditure of energy, time, money and human and material resources.

8 0
3 years ago
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