An Employee of Macro

question 3

Multiple Choice

An employee of Macro.com Corporation is paid $5,000 a month, which she spends regularly throughout the month until she has a zero balance in her checking account at the end of the month.If the corporation changes to a semimonthly payroll schedule, how will the employee's average cash balance change? Assume she does not change her spending pattern when she is now paid twice a month.

• A)It changes from $5,000 to $2,500 per month.
• B)It changes from $2,500 to $1,250 per month.
• C)It changes from $1,250 to $625 per month.
• D)It changes from $500 to $250 per month.

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Definitions:

Employee Assistance Program (EAP)

A work-based intervention program designed to identify and assist employees in resolving personal problems that may negatively impact their job performance.

Preferred Practice

Established methods or techniques that are widely recognized and recommended in a particular field or profession due to their effectiveness.

Outside Service

Refers to services provided by external organizations or professionals that are not part of the hiring entity's internal staff.

Benefits Plans

Refers to structured packages provided by employers that may include health insurance, retirement savings, and other employee benefits.