As Each Payroll Transaction Is Processed,the System Should Also

question 62

Multiple Choice

As each payroll transaction is processed,the system should also

• A)allocate labor costs to appropriate general ledger accounts
• B)use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger
• C)both A and B above
• D)The HRM system should not perform either activity A or B.

Comprehend different inventory financing arrangements and their implications for firms.

Understand the importance and mechanisms of securing short-term loans, including the use of collateral and the impact of various loan structures on a firm’s liquidity and cash flow.

Identify sources of cash and strategies for managing short-term liabilities to optimize working capital.

Learn the benefits and risks associated with factoring receivables and how it affects a firm's finance structure.

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Definitions:

Better Behavior

Improved actions or reactions by an individual, usually in response to interventions, teachings, or environmental changes.

Self-Control

The capability of regulating emotional states, cognitive processes, and behaviors in situations involving temptations and instinctual drives.

Components

Fundamental parts or elements of a system, machine, or piece of equipment that are essential to its function and operation.

Self-Compassion

Refers to the practice of being kind and understanding to oneself in instances of pain or failure, rather than being harshly self-critical.