List and Briefly Describe Four Functions Commonly Performed by Public

question 44

Essay

List and briefly describe four functions commonly performed by public relations departments.

Comprehend the regulatory requirements for payroll, including Workers' Compensation and FICA.

Understand the reasons for and benefits of outsourcing payroll functions.

Identify payroll taxes that have an earnings cap and those that do not.

Understand the impact of traditional gender roles on businesses and economic participation.

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Definitions:

Indirect Method

A method of preparing a statement of cash flows in which net income is adjusted for items that do not affect cash, to determine net cash provided by operating activities.

Accounts Receivable

Amounts owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenues.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.