Humphrey Communications Uses a Flextime Plan,however,all Employees Must Be on the Job

question 144

Multiple Choice

Humphrey Communications uses a flextime plan,however,all employees must be on the job from 10:00 A.m.until 2:00 p.m.These hours are referred to as the:

• A)core time.
• B)mandatory attendance time.
• C)shared facilities time.
• D)compressed time.

---

Definitions:

Outstanding Checks

Checks that have been issued and recorded by an entity but have not yet been cashed or cleared by the bank.

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Journal Entries

The basic method of recording financial transactions in accounting, which involves making entries to accounts in a double-entry bookkeeping system.

Cash Short And Over

An accounting term referring to a discrepancy between the amounts of cash available at the end of a period and the expected amount, which could be more (over) or less (short).