Answer:
Retained earnings......................Dr $22,000
Dividend expense $22,000
Explanation:
There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.
Dividends are charged to permanent account, retained earnings. Following is the closing entry:
Particulars Debit Credit
Retained earnings $22,000
Dividend expense $22,000
(Dividends expenses closed
by charging to retained earnings)
Answer:
Correct option is (D)
Explanation:
Employees, employers and self employed are supposed to contribute to fund social security and medicare.
Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.
Self employed contribute in the form of self employed taxes.
Answer:
C
Explanation:
Person organization fit is a a term that is used to explain a perfect fit of an employee and the organization where he is working.It can also relate to his compatibility to the position where he is working.
It is expected that an employee has some desired values which he is looking forward to met in his place of work. When these values are met where he is working , there will a long term satisfaction on the job.
This explains the satisfaction that Corinne is experiencing on her job as the organization supports causes that are important to her.
Answer: True.
Explanation:
It has been shown that employees with a broad skill set can make a company more efficient than employees that focus on a single task.
This is because it is believed that they can integrate those skills to create better solutions and opportunities.
Relating this to job descriptions, companies have found then that giving employees a broad definition of job requirements enabled them to think outside the box and give more complete solutions which are innovative and full of quality.
For example, Financial Analysts might just trade normal stocks and bonds as they are supposed to but then if the company gives a broader definition of products required, you see these same analysts moving into Computerized Quantitative Analysis, Derivatives and the like.
Answer:
the cash and cash equivalents is $15,800
Explanation:
The computation of the cash and cash equivalents is given below:
= Cash deposit + U.S. Treasury bill due in 1 month + currency and coins
= $7,000 + $7,000 + $1,800
= $15,800
hence, the cash and cash equivalents is $15,800
The same is to be considered and relevant