Answer:
E) Cross-functional teams are used for developing new ideas and coordinating complex projects.
Explanation:
A cross-functional team is composed of members of the same hierarchical level but work in the different departments or areas of the organization, like finance, human resource, research and development, security and legal.
These members are usually the heads of offices of these departments who gather together to discuss, innovate and develop new ideas geared towards the advancement of the organization.
Goal congruence is a vital component in a cross-functional team.
Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system
Explanation:
The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.
In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.
Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.
Answer:
Explanation:
Base on the scenario been described in the question we can calculate the following
1. Calculation of Employee’s FICA withholding for social security tax rate is 6.20%. Attachment 1 below
2.Calculation of Employee’s FICA withh... Attachment 2 below
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