It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.
A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.
When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.
To learn more about employee time ticket here
brainly.com/question/14338603
#SPJ4
$500,000
Break even =(fixed costs - contribution margin)
Contribution margin is Price of item- variable costs ($1- 30 cents/per item=.7)
$350,000/.7 = $500,000
True, every country has it's own laws which the company has to obey. For example McDonald's has a different menu in the US than the menu in India because of religious beliefs and laws.
Transactions involving the purchase and sale of fixed assets would be considered INVESTING activities.
Investing activities refers to those activities carried out by the company which involve sales or purchases of fixed assets such as building and equipment.
