Match Each of the Following Terms with the Appropriate Definitions

question 110

Multiple Choice

Match each of the following terms with the appropriate definitions.
-A record for a pay period that shows the pay period dates,regular and overtime hours worked,gross pay,net pay and deductions.

• A)Short-term note payable
• B)Deferred income tax liability
• C)Current liabilities
• D)Warranty
• E)Employee benefits
• F)Federal depository bank
• G)Payroll register
• H)Gross pay
• I)Payroll bank account
• J)Times interest earned

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Definitions:

Maximum Capacity

The highest level of output that a company can sustain within a given period without compromising product quality or operational efficiency.

External Financing

Obtaining funds from outside sources, such as loans, stock issues, or bonds, to finance business operations or investments.

Production Capacity

The maximum amount of goods or services that a manufacturing facility can produce over a given period under normal conditions.

External Financing

Funds raised from outside the company, typically through borrowing or selling equity.