Which of the Following Best Explains Why an Employer Would

question 8

Multiple Choice

Which of the following best explains why an employer would care about the health needs of local children?

• A) The children are the employer's future workforce.
• B) The employer needs positive media coverage and no scandals.
• C) The community will provide greater support to employers that have family-based policies.
• D) Staying home to take care of sick children will impact the productivity of the workplace.

Understand the impact of inventory transactions on the accounting equation.

Record transactions related to purchases and sales, utilizing the gross method for sales discounts.

Understand the concepts of asset turnover ratio and the accounting for sales discounts.

Understand and apply the fundamentals of recording transactions in a journal.

---

Definitions:

Mechanic's Lien

A security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Judicial Lien

A legal claim on property obtained through the court system to secure payment of a debt or judgment.

Suretyship

A contract between a creditor and a third party who agrees to pay another person’s debt.

Guaranty

A type of contract which ensures that a third party is secondarily liable for the debt to be paid; similar to a suretyship.