QuickBooks Online Payroll Premium and Elite subscription levels include QuickBooks time.
<h3>What is QuickBooks Online Payroll Premium?</h3>
QuickBooks Online Payroll Premium is an automated payroll solution that has the integrated features of time tracking that helps the business to grow.
It helps the employees to track their own time and set up their auto payroll.
Premium offers some additional features and HR support as well.
Learn more about the QuickBooks here:-
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Answer:
glove department or center console
Explanation:
Answer:
Net income: Understated
Total assets: Understated
Total liabilities: No effect
Total stockholders' equity: No Impact
Explanation:
Net income will be understated, because, revenue was not accrued.
Total assets will also be understated, because accrued revenue is not recorded in the current assets, thus total assets will be lowered in total.
Answer:
The ESL is 5 years and annual worth is $143,711
Explanation:
If negative values are not allowed, you can enter 143,711 as the annual worth
- DF = Discounting factors are calculated by using the formula 1/1.14.
- CF = cash flows. 3500 is added on annual basis from 3rd year, since the increase is per year.
- Fifth year CF = 45000 is obtained as - 97500 + salvage value ( 210000 * 25%) 52500 = 45000.
- AWF = Annual worth factor is obtained by dividing each year DF with the Total of DF.
- In the last step we multiply CF and AWF to get equivalent annual worth.
Use the following formula:
AW = - 210000 / PVIFA - 87000 [ PV(1)/PVIFA] - 87000 [ PV(2) / PVIFA] - 90500 [ PV(3) / PVIFA] - 94000 [ PV(4) / PVIFA] - 45000 [ PV(5) / PVIFA].
Answer: D
Explanation: A primary goal of bankruptcy is to treat creditors fairly and equally. The automatic stay effectuates this goal by stopping the creditors' race for the debtor's assets. However, a debtor can usually see that he will probably file for bankruptcy at least a couple of months before he actually files and after learning about how bankruptcy works, he may try to pay some creditors over others before filing. A debtor may prefer certain creditors, because they are relatives or friends or officers of a corporate debtor, or the debtor may have a continuing relationship with the creditor, such as a family doctor, that he doesn't want to jeopardize.A preference (aka preferential transfers) occurs when a debtor transfers money or an interest in the debtor's property to a creditor that is greater than what the creditor would have received in a Chapter 7 liquidation. an avoidable preference is a transfer or payment made to a creditor by a debtor that the bankruptcy trustee later seeks to recoup for the benefit of the bankruptcy estate and repayment of the estate's creditors. This is in accordance with the priority scheme prescribed by the Bankruptcy Code as opposed to the unilateral preference of the debtor and/or the original creditor receiving the payment . Many creditors never want to enounter avoidable preference litigation because it usually means a loss of time and attorneys' fees that must be expended to defend such suits.The purpose of avoidable preference litigation and the rationale behind the term's inclusion in the Bankruptcy Code is to fairly distribute the debtor's assets to creditors in an orderly scheme.
