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Anon25 [30]
3 years ago
13

The principal objectives of the human resource management process are to ______. Multiple select question. accrue liabilities fo

r wages, payroll taxes, and employee benefit programs ensure that payroll costs are for legitimate entity activities record production and other types of payroll costs in accounts report compensation paid to consultants or contractors on IRS Form 1099
Business
1 answer:
BigorU [14]3 years ago
7 0

Answer:

ensure that payroll costs are for legitimate entity activities.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Generally, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

The principal objectives of the human resource management process are to ensure that payroll costs are for legitimate entity activities because they make sure work attendance are taken, so as to record the number of times each employee reported to work and whether or not they were punctual on a daily basis.

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Consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.
Tcecarenko [31]
The answer would be : commercial papers

Usually, companies issued commercial papers to finance account receivable , inventories, or meeting some short-term liabilities. The maturity of commercial papers is usually less than a year and usually issued at a discount to prevail market fluctuation 
6 0
3 years ago
On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed
Romashka-Z-Leto [24]

Answer:

Explanation:

(1) Journalizing the Transactions:-

Heritage Designs

General Journal

For the Month of November,20Y9

Date            Accounts             Debit                Credit

Nov. 1            Cash                   $50,000

                          Common Stock                          $50,000

Nov. 1             Rent Expense     $4,000  

                           Cash                                           $4,000

Nov. 6            Office Equipment    $15,000  

                          Accounts Payable                   $15,000

Nov. 8            Truck                      $38,500  

                           Cash                                            $5,000

                           Notes Payable                           $33,500

Nov. 10             Supplies              $1,750  

                           Cash                                            $1,750

Nov. 12             Cash                     $11,500  

                            Fees Earned                            $11,500

Nov. 15           Prepaid Insurance     $2,400  

                           Cash                                             $2,400

Nov. 23           Accounts Receivable  $22,300  

                         Fees Earned                                    $22,300

Nov. 24            Truck Expense         $1,250  

                            Cash                                            $1,250

Nov. 29          Utilities Expense           $4,500  

                              Cash                                    $4,500

Nov. 29   Miscellaneous Expense      $1,000  

                               Cash                                                   $1,000

Nov. 30                Cash                  $9,000  

                         Accounts Receivable                                $9,000

Nov. 30          Wages Expense              $6,800  

                                 Cash                                                 $6,800

Nov. 30             Accounts Payable         $3,000  

                                   Cash                                            $3,000

Nov. 30                  Dividends                   $2,500  

                                    Cash                                            $2,500

(2) Posting the each Transaction into General Ledger:-

Cash

Date               Items                   Debit                 Credit                Balance

Nov. 1 Common Stock  $50,000                         $50,000

Nov. 1 Rent Expense                                $4,000        $46,000

Nov. 8 Truck                                        $5,000             $41,000

Nov. 10 Supplies                                        $1,750              $39,250

Nov. 12 Fees Earned           $11,500                                 $50,750

Nov. 15 Prepaid Insurance                        $2,400        $48,350

Nov. 24 Truck Expense                        $1,250              $47,100

Nov. 29 Utilities Expense                        $4,500             $42,600

Nov. 29 Miscellaneous Expense               $1,000              $41,600

Nov. 30 Accounts Receivable   $9,000                                 $50,600

Nov. 30 Wages Expense                        $6,800              $43,800

Nov. 30 Accounts Payable                        $3,000              $40,800

Nov. 30 Dividends                                $2,500              $38,300

Accounts Receivable

Date    Items               Debit                      Credit               Balance

Nov. 23 Fees Earned    $22,300                                   $22,300

Nov. 30 Cash                                         $9,000        $13,300

Supplies

Date    Items               Debit                      Credit               Balance

Nov. 10   Cash              $1,750                                $1,750

Prepaid Insurance

Date    Items               Debit                      Credit               Balance

Nov. 15    Cash               $2,400                                 $2,400

Equipment

Date    Items               Debit                      Credit               Balance

Nov. 6 Accounts Payable $15,000                              $15,000

Truck

Date    Items               Debit                      Credit               Balance

Nov. 8 Cash               $5,000                              $5,000

Nov. 8 Notes Payable $33,500                              $38,500

Notes Payable

Date    Items               Debit                      Credit               Balance

Nov. 8 Truck                                      $33,500          $33,500

Accounts Payable

Date    Items               Debit                      Credit               Balance

Nov. 6 Equipment                             $15,000           $15,000

Nov. 30 Cash               $3,000                                          $12,000

Common Stock

Date    Items               Debit                      Credit               Balance

Nov. 1 Cash                                     $50,000    $50,000

Dividends

8 0
3 years ago
Flitter reported net income of $17,500 for the past year company had $200,000 in assets and $50,000 in liabilities. By the end o
lozanna [386]

Answer:

A) 7.0%

Explanation:

Average total Assets = (Opening Assets + Closing Assets) / 2

Average total Assets = (200,000 + 300,000) / 2

Average total Assets = $250,000

Formula for return on assets:

Return on assets = Net Income /Average total Assets

Return on assets = 17,500 / 250,000

Return on assets = 0.07

Return on assets = 7%

Correct option is A) 7.0%

7 0
3 years ago
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Date
Triss [41]

Answer:

Ending inventory = $227

Cost of good sold = $1,333

Explanation:

Note: The data in the question are merged together and they are first sored before answering the question as follows:

Date    Transaction               Number of Units   Unit Cost   Total Cost

Jan. 1    Beginning inventory       20                       $55          $1,100

Sep. 8   Purchase                         <u>10                          26              260 </u>

Total                                              <u>30                                        $1,360</u>

The explanation to the answers are now as follows:

Weighted cost per unit = $1,360/30 = $45.3333

Ending inventory =  (30 - 25) * $45.3333 = $227

Cost of good sold = 25 * $45.3333 = $1,333

8 0
4 years ago
The Amer Company has the following characteristics: Sales = $1,000, Total assets = $1,000. Total debt/Total assets =35%, Basic E
Taya2010 [7]

Answer:

ROE  = 16.98%

Explanation:

The question is to determine Amer Company's Return on Equity

The following steps are taken:

1) The Total Debt ÷ Total Assets = 35%

It means Total Debt ÷  1000= 0.35

Meaning 0.35 x $1,000 = $350 and this is the total debt

2) Calculate Interest on debt

Interest on debt = Interest rate on total debt x total debt

= 4.57% x $350 = $16

3) Now calculate the Net Income from Earnings before Interest and Tax

Earnings before Interest and tax = $200

less interest                                       $16

Earnings Before Tax                       $184

Subtract tax (40% of EBT)                 $73.6

Net income                                       $110.4

4) Calculate the Return on Equity

= Net income/ Shareholders' Equity

= $110.4/ ($1,000-$300)

= 16.98%

5 0
3 years ago
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