________ Payroll Is Processed Every Two Weeks and Will Usually

question 27

Multiple Choice

________ payroll is processed every two weeks and will usually result in a lower gross pay per pay period than ________ payroll.

• A)Weekly;monthly
• B)Semimonthly;biweekly
• C)Biweekly;semimonthly
• D)Daily;biweekly

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Definitions:

LIFO

The last-in, first-out accounting method of valuing inventories.

Economic Earnings

The real flow of cash that a firm could pay out without impairing its productive capacity.

Liquidity Ratio

A financial metric used to determine a company's ability to pay off its short-term debts with its current assets.

Current Ratio

Current assets/current liabilities. Measures the ability of the firm to pay off its current liabilities by liquidating current assets.