6. Which of the following payday frequencies provides employees with the smoothest cash flow?

1 answer:

4 0

The best payday frequency that provide employees with the smoothest cash flow is WEEKLY.

Biweekly means every 2 weeks.
Semi-Monthly means every 15th and 30th of the month.
Monthly means every 30th of the month.

Expenses are incurred daily and the best payday frequency is weekly because you will not have to scrimped and save so much until the next payday. In the event of emergencies, you can easily borrow money with the assurance that it can be paid before the week ends.

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The correct answer is D

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Rent Earned A/c...............................Cr $4,400

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Let the amount of last annual dividend paid be $l.$