Employers must send the

1 answer:

6 0

Answer: Employers must send the W2 form to the Internal Revenue Service (IRS) at the end of the year.

The Wage and Tax statement, more commonly known as the W2 form, must be filed by the employers with the IRS by 31st January, irrespective of whether it’s being filed manually (on paper) or electronically.

The employees must also mail or make arrangements to send the W2 form to their employees by the same date.

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A company orders office supplies in June. Those supplies are received and used in July. The supplies are paid for in August. In

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Expense must be recognized in July

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The reason is that the expense must be recognized in the month in which the supplies are used because the accrual concept says that the expenses must be realized when they are incurred. Incurred means that the consideration received has been used. For example if I pay the telecommunication network in June to give 4G internet and the services are delivered in the month July then the expenses will be realized in the month in which the services were used and that is July for internet facilities. So in this case the supplies are used in the month of July which is in-accordance with the accrual concept.

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Suppose an airline determines that its customers traveling for business have inelastic demand and its customers traveling for va

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The correct answer is that the company should charge more to the business travelers and charges less to the vacationers.

Explanation:

To begin with, the concept called ''elasticity'', in the field of economics, refers to the variation that occurs when a change in one variable affects a change in another variable. Moreover, this concept has many applications regarding if the main subject is the supply of a product or the demand of a product.

Secondly, the price elasticity of demand is an elasticity application in economics that establishes the changes that occur to the demand of a product when the price changes. This elasticity could be inelastic or elastic. In addition, if the price elasticity of demand is inelastic then when the price changes the quantity demanded of that product will not change drastically while in the other hand, if the price elasticity of demand is elastic then when the price changes the quantity demanded of that product will change drastically so therefore the consumers reject the change in the price.

Finally, if the company wants to increase its total revenue then it must increase the price that charges to the business travelers and decrease the price that charges to the vacationers.

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What should the priority be for insurance coverage? A. You should buy it only after you've paid all other household expenses. B.

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The best and most correct answer among the choices provided by the question is the third choice. A priority for an insurance coverage would be that a planned expense for which you budget. I hope my answer has come to your help. God bless and have a nice day ahead!

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An employee is _________when a company purchases an insurance policy against losses from theft by that employee.

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An employee is in a BOND when a company purchases an insurance policy against losses from theft by that employee.

Every business owners are advised to bond their employees under Employee Theft Bond upon hiring. This is to protect their businesses from employee theft and avoid possible bankruptcy. Despite rigorous filtering of new hires, there is still a big possibility that employees will steal from the company especially if company transactions are mostly done in cash to cash basis.

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