Answer:
John´s relation with his boss.
Explanation:
Job dissatisfaction could impact employee and employer as it divert the focus from achieving common objective of organization.
Job dissatisfaction could lead to following:
- Lack of motivation
- Poor productivity.
- Absenteeism.
- Lack of interest.
Major cause of dissatisfaction in the job are:
- Underpaid.
- Lack of growth advancement.
- Poor management.
- Unsupportive boss.
- Overwork
- Work and life balance.
- Lack of recognition.
To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).
<h3>What is petty cash fund?</h3>
A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.
The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.
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Answer:
1. (e) Salary
2. (a) Cost
3. (f) Net pay
4. (b) Employee benefits
5. (d) Rewards
6. (c) Deduction
7 . (g) occupation
Explanation:
Salary refers to the consideration paid periodically for the services received from an employee.
Cost refers to the price which is incurred or paid to own, possess, manufacture or attain something.
Net pay refers to the gross pay less tax deductions and provident fund contribution, which the employee actually receives or in hand, take home salary.
Employee benefits refer to staff welfare schemes, the provident fund contribution by the employer, employee health insurance and retirement benefits.
Rewards refer to incentives and commission which are paid in addition to the salary, as a means for employee motivation and to appreciate employee's good performance.
A deduction refers to tax deductions and other contribution deductions which are subtracted from the salary. For e.g the amount deducted for the conveyance provided to employees by the employer.
Occupation refers to an activity or work which generates income and serves as a means of earning a living.
Answer:
The correct answer is letter "D": Revenue should be recognized in the period goods and services are provided.
Explanation:
Revenue Recognition is an accounting term that describes how and when a firm records revenue in its books of accounting. Revenue recognition follows the <em>Generally Accepted Accounting Principle</em> (GAAP) and using the accrual method of accounting it requests to record revenue when earned, it is when the goods or services are provided regardless of when the money for those products is received.
Answer:
600,000
Explanation:
The unit of the activity depreciation method is suited for the coal company. This method determines the depreciation amount based on the level of usage. The calculation of depreciation amount using a unit of activity is the first step.
Depreciation per unit is calculated as follows
Depreciation per unit for the coal company
= Cost of the asset/ expected usage
=$12,000,000/ 20,000,000 tons
=$0.6 per ton
In 1, 000,000 coal value was extratced,
Amount of depreciation = $0.6 x 1,000,000
=$600,000