Compared to the United States, Canada has <u>more generous</u> maternal leave and <u>lower</u> rates of maternal employment.
Maternal Leave is a paid leave from work provided by an employer to a woman employee for the period before and after her childbirth. So this leave is given to new mothers to take care of her and her child's health.
Compared to the U.S., Canada's maternal leave policy is more generous in terms of duration, flexibility, and paid benefits. Thus, it has lower rates of maternal employment.
Hence, maternity leave allow parents to take time off from work following the birth of a baby.
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Answer and Explanation:
The journal entries are as follows
On December 31
Bad debt expense Dr $2,337 ($779,000 × 0.30%)
To Allowance for doubtful debts $2,337
(Being the estimated bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance as it decreased the assets
On Feb 01
Allowance for doubtful debts Dr $390
To Account receivable $390
(Being the written off amount is recorded)
For recording this we debited the allowance as it increased the allowance and credited the account receivable as it decreased the assets
On June 5
Account receivable $390
To Allowance for doubtful debts Dr $390
(Being the uncollected amount is recorded)
For recording this we debited the account receivable as it increased the assets and credited the allowance as it decreased the assets
On June 5
Cash Dr $390
To Account receivable $390
(Being the cash received on account is recorded)
For recording this we debited the cash as it increased the assets and credited the account receivable as it decreased the assets
Answer:
None of the above is contrary to the predictions of the model.
Explanation:
The budget deficit is when the government spends more than the revenue it makes. Based on the information given, the trade deficit of the United States will grow.
Furthermore, the real exchange rate of the dollar will appreciate and the net capital outflow of the United States will fall as imports will be more than goods exported.
Therefore, the correct option is "None of the above is contrary to the predictions of the model".
Answer:
False.
Explanation:
Liquidity ratios are used by creditors to determine the ability of a company or debtor to pay off current short-term debt without any external help. They are thus, of great importance to creditors to show them the debtor's ability.
Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
