Answer:
The ways a company's business units are organised
Explanation:
An organization structure refers to the way a company organizes its different departments or business units to accomplish its objectives. Each department performs its distinctive role, but they all work towards a common goal. Organization structures differ significantly from company to another.
The organization structure defines the ownership, authority, responsibility, and control in a company. The structure shows how authority and responsibility flow from shareholders to the junior officers. It also illustrates how departments and roles are interrelated.
True because you need a Signature to use it as credit
Answer:
The interest charge is $4.50
Explanation:
interest charged = 300*1.5%
= $4.50
Therefore, The interest charge is $4.50
Answer:
<h2>
total payroll tax expense $11.080</h2>
Explanation:
First, calculate the total expense in salaries.
100 * 40 * 20 = $80.000
Based on this amount, calculate the taxes associated.
Fica Taxes : 80.000 * 0.765 = 6.120
Unemployment taxes: 80.000 * 0.062 = 4.960
<h2>
total payroll tax expense $11.080</h2>
Answer:
$882,000
Explanation:
According to IAS 37, Provisions, contingent liability and contingent assets, A provision is a liability of uncertain timing or amount. The liability may be a legal obligation or a constructive obligation.
An entity recognises a provision if it is probable that an outflow of cash or other economic resources will be required to settle the provision. Furthermore, the standard requires that a provision is measured at the amount that the entity would rationally pay to settle the obligation at the end of the reporting period or to transfer it to a third party at that time.
The amount to be accrued for is the settlement offer of $882,000 which was accepted before the financial statement was issued. This settles the uncertainty in the amount to be provided for.