The exchange loss is C$115,402 To calculate the Year 2 exchange gain (loss) resulting from the translation of Sandora's financial statements, translate the balances, calculate the changes in equity and finally determine the exchange gain or loss.
(i) To calculate the Year 2 exchange gain (loss) resulting from the translation of Sandora's financial statements, we will follow these steps:
1. Translate the Year 1 and Year 2 balances at the exchange rates provided.
2. Calculate the changes in equity (retained earnings) between Year 1 and Year 2.
3. Determine the exchange gain (loss) by comparing the translated changes in equity.
Step 1: Translate the balances
Year 1 Retained Earnings: US$7,000,000 * C$1.10 = C$7,700,000
Year 2 Retained Earnings: US$7,480,000 * C$1.05 = C$7,854,000
Step 2: Calculate the changes in equity
Change in Retained Earnings (Year 1 to Year 2): C$7,854,000 - C$7,700,000 = C$154,000
Step 3: Determine the exchange gain (loss)
Year 2 Profit: US$1,500,000 * C$1.08 = C$1,620,000
Dividends declared and paid on September 30, Year 2: C$1,620,000 - C$154,000 = C$1,466,000
Dividends in USD: C$1,466,000 / C$1.07 = US$1,370,093
Exchange gain (loss) = (Dividends in USD - Declared Dividends in Retained Earnings)
Exchange gain (loss) = US$1,370,093 - US$1,480,000 = -US$109,907
Exchange gain (loss) in CAD = -US$109,907 * C$1.05 = -C$115,402
Thus, there is a loss in exchange and the exchange loss C$115,402.
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true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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so whos gonna help me with my family and consumer science finals :/
If a shortage exists in a market, the natural tendency is for
demand to increase.
no change in the market.
quantity supplied to decrease.
price to increase.
When a shortage exists in a market, the natural tendency is for the price to increase. The correct option is price to increase.
A shortage occurs when the quantity demanded exceeds the quantity supplied at a given price level. This situation typically arises when the market price is below the equilibrium price, which is the point where supply and demand are balanced.
As a result of the shortage, consumers will be competing for the limited goods or services available. This competition drives up the price, as they are willing to pay more to secure the product. Suppliers will notice the increased demand and higher prices, which incentivizes them to produce and supply more of the good or service in question.
Gradually, as the price continues to rise, some consumers will no longer be willing or able to purchase the product at the higher price, causing the quantity demanded to decrease. Simultaneously, suppliers will increase their production, resulting in an increase in the quantity supplied. The market will eventually reach a new equilibrium point where supply and demand are once again balanced.
In summary, when a shortage exists in a market, the natural tendency is for the price to increase, which in turn causes the quantity supplied to increase and the quantity demanded to decrease until a new equilibrium is achieved. The correct option is price to increase.
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when identifying the rate-sensitive assets (rsa) for any time horizon, it is important to identify only those assets that are
When identifying rate-sensitive assets (RSA), it is important to identify only those assets that are affected by changes in interest rates.
Rate-sensitive assets are those assets whose value and cash flows are affected by changes in interest rates. Therefore, it is crucial to identify only those assets that have a direct correlation with changes in interest rates. This includes assets such as bonds, loans, mortgages, and other fixed-income securities. In contrast, assets such as stocks and commodities are not considered rate-sensitive assets since they are not directly impacted by changes in interest rates. When identifying RSA for any time horizon, it is important to consider the maturity and duration of the asset since longer-term assets tend to be more sensitive to changes in interest rates. Additionally, it is essential to analyze the market conditions and economic factors that can impact interest rates to identify the most accurate RSA.
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many transnational companies do not know how to cope with the mixed economic system in china.
Coping with a mixed economic system in China can be challenging for many transnational companies.
China's mixed economic system combines elements of both capitalism and socialism, which can create a complex business environment for foreign companies. While China has opened up its market to foreign investment, there are still regulations and policies that may limit or hinder business operations. Additionally, the government has a strong influence on many industries, and navigating the bureaucratic processes can be difficult. Cultural differences and language barriers can also add to the challenges. To cope with these issues, companies may need to seek guidance from local experts, build relationships with government officials, and adapt to the unique business practices and norms in China. It is important to do thorough research and due diligence before entering the market to fully understand the risks and opportunities.
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Sue is age 73 and has a great deal of difficulty living independantly as she suffers from severe rheumatoid arthritis. She is covered by a $400,000 life insurance policy, and her children are named as her beneficiaries. Because of her health, Sue decides to live in a nursing home, but she does not have enough income to pay her nursing home bills which are expected to total $42,000 per year. The insurance company offers disabled individuals the option of either a reduced settlement on their policies or an annuity. Given Sue's age and health she has the option of receiving $3,200 per month or a lump sum payment of $225,000. to date, Sue has paid $80,000 in premiums on the policy. A) How much income must Sue report if she chooses the lump sum settlement? B) How much income must Sue report if she elects the annuity? C) How much income would Sue have to report if her nursing home bills amounted to only $36,000 per year?
She must report taxable income of $125,000. If Sue chooses the annuity option, she must report taxable income of $38,400 per year. If Sue's nursing home bills amounted to only $36,000 per year.
A) If Sue chooses the lump sum settlement, she must report the excess of the settlement over her premiums paid as taxable income. Therefore, she must report $145,000 as taxable income ($225,000 - $80,000).
B) If Sue elects the annuity, she must determine the portion of each payment that is a return of her premium and the portion that is taxable income. If Sue's life expectancy is 8 years, the exclusion ratio is 66.9% (i.e., $80,000 premiums paid / $120,000 expected return). Therefore, each monthly payment of $3,200 will consist of $2,144 (66.9% of $3,200) return of premium and $1,056 ($3,200 - $2,144) taxable income. Sue must report $12,672 ($1,056 x 12) as taxable income each year.
C) If Sue's nursing home bills amounted to only $36,000 per year, her taxable income would be lower because the exclusion ratio would be higher. With nursing home bills of $36,000 per year, the exclusion ratio would be 77.8% (i.e., $80,000 premiums paid / $103,200 expected return). Therefore, each monthly payment of $3,200 will consist of $2,489 (77.8% of $3,200) return of premium and $711 ($3,200 - $2,489) taxable income. Sue must report $8,532 ($711 x 12) as taxable income each year.
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Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
A genuine free market requires restrictions on the ability of predator multinationals to create monopolies. True or False
Answer:
True
Explanation:
A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.
Therefore there is a possibility for predator multinationals to create or form monopolies.
when resources are allocated in such a way that it is possible to increase the production of one good only by decreasing the production of another, then the allocation of resources is said to be . (enter one word in the blank).
When resources are allocated in such a way that it is possible to increase the production of one good only by decreasing the production of another, then the allocation of resources is said to be Inefficient.
What is an inefficient allocation of resources?The allocative inefficiency is usually characterized by the absence of equality between marginal rates of substitution and factor price ratios: and this means that output is not produced at minimum cost.
Therefore, the allocation of resources is said to be Inefficient.
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what method of financing do entrepreneurs often use when they are first developing their business idea?
Self-funding, also known as bootstrapping, is an powerful way of startup financing, in particular when you are just beginning your commercial enterprise.
First-time marketers regularly have trouble getting investment without first showing a few traction and a plan for capacity achievement. you may make investments out of your personal financial savings or can get your circle of relatives and friends to contribute. this may be smooth to elevate due to less formalities/compliances, plus much less fees of raising. In maximum situations, circle of relatives and friends are flexible with the interest fee.Self-funding or bootstrapping should be considered as a first funding option because of its blessings. when you have your personal money, you are tied to enterprise. On a later level, buyers don't forget this as a good point.
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Chrissy's Cupcakes has $832,000 in sales and $265,000 in fixed expenses. Given a contribution margin ratio of 72%, Chrissy's profit (loss) is ______.
Given a contribution margin ratio of 72%, Chrissy's profit (loss) is $334,040.
Profit or lossUsing this formula
Profit = Contribution margin ratio x Sales - Fixed Expenses
Where:
Contribution margin ratio=72%
Sales=$832,000
Fixed Expenses =$265,000
Let plug in the formula
Profit= 72% x $832,000 - $265,000
Profit = $334,040
Inconclusion Chrissy's profit (loss) is $334,040.
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The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
"Development has a negative impact on our environment" Motivate why you agree with the
statement
[8]
industrial lead to water pollution
Which describes the purpose of non-sufficient funds fees? A: penalize customers for writing checks for money they don't have
B:make sure customers keep sufficient funds in their account
C: pay for the costs of having bank employees
D: collect funds for withdrawals from a competitor’s machine
Answer:
A: penalize customers for writing checks for money they do not have
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
Hence, the purpose of non-sufficient funds fees is to customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.
Suppose government spending was $3.80 trillion, tax revenue was $4.50 trillion, gdp was $14.00 trillion, and total consumer spending was $10.80 trillion. instructions: round your answers to two decimal places. if you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. if the economy has no exports or imports, what was the national savings? trillion b. how much was public savings? $ trillion c. how much was private savings? $ trillion
a. If the economy has no exports or imports, the national savings was $0.70 trillion.
b. Public savings was $0.70 trillion.
c. Private savings was -$0.30 trillion.
a. The nation saved $0.70 trillion if there were no exports or imports. By deducting total consumer, government, and import spending from total domestic output, national savings are computed (GDP). In this instance, total consumer and government expenditure less GDP equals national savings:
National savings = GDP - Total consumer spending - Government spending
= 14.00 - 10.80 - 3.80
= 0.70 trillion
b. Government savings totaled $70 trillion. The difference between government spending and tax receipts is known as the public savings. Public savings in this instance equals government revenue less government spending:
Public savings = Government revenue - Government spending
= 4.50 - 3.80
= 0.70 trillion
c. Personal savings were negative $0.30 trillion. The difference between total consumer expenditure and GDP is private savings. Private savings in this instance equals total consumer expenditure minus GDP:
Private savings = Total consumer spending - GDP
= 10.80 - 14.00
= -0.30 trillion
Therefore, the national savings was $0.70 trillion, public savings was $0.70 trillion and private savings was -$0.30 trillion.
Complete Question:
Suppose government spending was $3.80 trillion, tax revenue was $4.50 trillion, GDP was $14.00 trillion, and total consumer spending was $10.80 trillion.
Instructions: Round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. If the economy has no exports or imports, what was the national savings? ___trillion
b. How much was public savings? $___ trillion
c. How much was private savings? $ trillion
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The preemptive right gives current stockholders the right to purchase, on a pro rata basis, any new shares issued by the firm. This right helps protect current stockholders against both dilution of control and dilution of value. Question 13 options: True False
True. The statement is correct. The preemptive right does give current stockholders the right to purchase new shares issued by the firm on a pro rata basis.
This means that existing shareholders have the opportunity to maintain their proportional ownership in the company by purchasing additional shares before they are offered to new investors.
The preemptive right is designed to protect the interests of current stockholders by preventing dilution of control and dilution of value. Dilution of control occurs when new shares are issued, and the ownership stake of existing shareholders is reduced, potentially diminishing their influence over company decisions. Dilution of value occurs when the earnings and assets of the company are spread over a larger number of shares, reducing the value per share.
By exercising their preemptive rights, existing stockholders can maintain their percentage ownership in the company and avoid these dilution effects. This protection helps ensure that current stockholders have the opportunity to participate in any new capital raises or offerings, maintaining their proportional stake in the company and preserving their voting power and economic interests.
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Teen entrepreneurs in Florida find sweet
success in honey business
Why did the author MOST LIKELY conclude the article by describing future possibilities for Black Bee Honey?
because this demonstrates the danger of food deserts and the need for more honey access
because this shows how giving students ownership can help them develop new skills and goals
because this emphasizes the importance of ensuring that student businesses are successful
because this helps the reader understand how Black Bee Honey contributes to the community
The author most likely conclude the article by describing future possibilities for Black Bee Honey because this emphasizes the importance of ensuring that student businesses are successful.
What is an article?An article is a piece of writing about a particular subject that is included in a magazine, newspaper, etc. It is a nonfictional prose composition usually forming an independent part of a publication.
Teen entrepreneurs in Florida find sweet success in honey business. This statement emphasizes the importance of ensuring that student businesses are successful.
Therefore, the statement mentioned in C is correct.
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Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?
Answer:
From the graph, if you invest 10% in bonds and 90% in stocks, the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%. Therefore, as the investment in stocks increases the average annual returns also increase.
Explanation:
Hope this helps!
Which of the following could help determine a job candidate's trustworthiness?
A) A credit check
B) A recorded oral test
C) An in-person interview
D) Closed-ended interview questions
Answer:
C) An in-person interview
Explanation:
All the options listed, the best choice to determine a candidate's trusworthiness is the in-person interview. An in person-interview allows the interviewer to get to know the candidate better, because open-ended questions can be made about the candidate's proffesional and personal life.
In this type of interview, it is the job of the interviewer to analyze the answers, and reach a conclusion that can determine whether the person is to be trusted or not.
PLEASE HELP IM TIIMMMEEDD!!! 13POINTS!!
What else could Ernie put in the common section?
Collecting data and analyzing results
Designing and implementing systems
Maintaining and using diagnostic equipment
Designing and using laboratory equipment
In addition to "Creating reports" and "Communicating with patients", Ernie could add "Collecting data and analyzing results" as a common characteristic in the common section of the Venn diagram. (Option A)
A Venn diagram is a famous diagram form that depicts the logical relationship between sets. It was popularized by John Venn in the 1880s.
The diagrams are used in probability, logic, statistics, linguistics, and computer science to teach introductory set theory and to show simple set connections.
Thus, in the above analysis, Ernie could add "Collecting data and analyzing results" as a common characteristic in the common section of the Venn diagram.
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Business; an organization that uses resources to produce a product is known as a ?
O Private Company
O Shop
O Firm
O Enterprise
Answer:
Firm
Explanation:
You are the sales manager for a multinational solar energy company. Recently, your company distributed its ________ that outlines its long-term goals and directions,
The firm's strategic plan is the document that distributed which outlines its long-term goals and directions,
What is a strategic plan?A strategic plan is a formal document that is mainly used to communicate the organizations goals to others.
These document is essential because its let to know the actions that needed to achieve those goals.
In conclusion, the strategic plan is the document that distributed which outlines its long-term goals and directions,
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under federal and state law, a patient may only view their medical record once they have been discharged from the hospital. true or false
False. Under federal and state laws, patients generally have the right to access their medical records at any time, not just after being discharged from the hospital.
The Health Insurance Portability and Accountability Act (HIPAA) grants individuals the right to request and obtain copies of their medical records from healthcare providers. However, there may be certain procedures and protocols in place to ensure the privacy and security of the records and to facilitate the proper handling of requests. A patient is an individual who seeks medical care and treatment from healthcare professionals. In the context of healthcare, patients play a central role as recipients of medical services and participants in their own healthcare decisions. Patients have certain rights, such as the right to receive quality care, access to their medical records, informed consent, and privacy. They also have responsibilities, including providing accurate medical information, following treatment plans, and actively participating in their own health management. Effective communication, trust, and collaboration between healthcare providers and patients are crucial for ensuring optimal healthcare outcomes and patient satisfaction. Patients' experiences, needs, and preferences should be respected and considered throughout the healthcare process.
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A(n) __________ is a quantitative function that an optimization model seeks to optimize (i.e., maximize or minimize).
An objective function is a quantitative function which an optimization model seeks to optimize (i.e., maximize or minimize).
An objective function is prominently used in order to represent and solve the optimization problems of the linear programming. The objective function tends to be of a form Z = ax + by, where x, y are the decision variables.
An objective function attempts in order to maximize profits or minimize losses based on a set of constraints and also the relationship between one or more decision variables. Thus, an objective function is a quantitative function which an optimization model seeks in order to optimize.
Hence, the objective function is a means to maximize or minimize something.
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a building with a book value of $43,081 is sold for $56,827 cash. using the indirect method, this transaction should be shown on the statement of cash flows as an increase of
Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of an increase of $51,000 from investing activities and a deduction from net income of $5,000.
What is the indirect method to calculate cash flow from operating activities?Using the indirect technique, net income from an organization's income statement is first subtracted to determine cash flow from operating operations. Revenue is only recorded when it is earned, not when it is received, because a company's income statement is constructed on an accrual basis.
Revenue is recognized when earned, not necessarily when cash is received, according to the accrual method of accounting. The sale has been made but the money has not yet been received if a buyer purchases a $500 widget on credit. The month of the sale is still used to recognize the revenue.
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PLZZZ HELP!!!
Part B
Imagine that you were the boss of the employees in these cases, and develop a list of at least five rules for appropriate behavior on social media that all employees must follow.
Part C
Finally, explain how you’ll personally avoid risky behaviors on social media, or how you can personally follow the rules so that you don’t put your own career at risk because of inappropriate social media posts.
Answer:
yes
Explanation:
Social media. A platform originally built to allow individuals to keep in touch and socialize with a small community of friends has become a forum for discussions as frivolous as kittens and as internationally significant as world leaders in a flame war. Those conversations are no longer limited to people on the same campus, or even in the same countries, nor are they limited to individuals. Organizations realized the reach and significance of social media around the same time as content marketing became a way to offer advice and best practices for free to people who would be drawn to your company and ultimately convert to customers and brand evangelists.
Answer: (Answers may vary.) Part B
These are my five rules for appropriate behavior for employees:
Do not use offensive language online.
Do not discuss your negative opinions, frustrations, or problems about work online.
Do not express any racist, sexist, or prejudiced opinions in general online.
Do not criticize your colleagues and customers of the company online with regard to their work.
Do not spread rumors or gossip about colleagues and customers online.
Part C: My Answer
I'll Avoid risky behaviors on social media buy conducting myself in a professional manner at all times, that way i avoid embarrassing myself and my company's reputation.
(Edmentum Answer)
I’ll set all of my social networking accounts to private and only accept friend requests from people I know well. I won’t use offensive language online. I won’t express any racist, sexist, or prejudiced opinions. I won’t rant about customers, no matter how upset I may be with them. I won’t talk about negative experiences or opinions about my work online. Instead, I’ll discuss my problems with the right people (management, human resources, supervisors, or co-workers). I’ll speak respectfully about my colleagues and superiors.
Explanation: Edmentum Sample Answer, And my Answer
Hernan helps the company managers compare the performance of their employees to general employee performance standards. This is known as
The process described in the scenario is known as benchmarking. Here are some points to help explain:
1. Benchmarking is a process of comparing the performance of a company or its employees to industry standards or best practices.
2. In this case, Hernan is helping company managers compare the performance of their employees to general employee performance standards. This can help identify areas of strength and weakness in employee performance.
3. By using benchmarks, managers can set goals and expectations for employee performance and evaluate whether their employees are meeting those goals.
4. Benchmarking can be used to improve employee performance by identifying areas for improvement and providing guidance on how to achieve higher levels of performance.
5. There are different types of benchmarking, including internal benchmarking (comparing performance within a company) and external benchmarking (comparing performance to industry or competitor standards).
6. Benchmarking can also be used to evaluate processes, products, and services, in addition to employee performance.
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Which of the following describes the business ethical climate in the 1960s?
A.)Healthcare emphasized
B.)Public pushed for corporate accountability
C.)Anti-war sentiment
D.) Major industries riddled by scandal
please help me i need answer by today
Some examples of sign of professions that do not use an agent marker
There are several examples of professions that do not typically use an agent marker, which is a linguistic term that refers to a linguistic feature used to indicate the agency or action of a speaker or character in a sentence.
Some examples of professions that do not use an agent marker include:
Animals: While animals may be able to perform actions, they do not typically have the ability to use linguistic markers to indicate agency or action.Machines: Machines are not capable of agency or action, so they do not typically use linguistic markers to indicate agency or action.Inanimate objects: Inanimate objects are not capable of agency or action, so they do not typically use linguistic markers to indicate agency or action.Natural phenomena: Natural phenomena, such as storms or earthquakes, do not have the ability to act or perform actions, so they do not typically use linguistic markers to indicate agency or action.Ideas: Ideas or concepts do not have the ability to act or perform actions, so they do not typically use linguistic markers to indicate agency or action.It is worth noting that there may be some exceptions to this general rule. For example, in some cases, animals or machines may be able to perform actions that are described using linguistic markers.
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Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his checking account statement, John was paid ________________ every __________
Answer:
Explanation:
According to the bank statement for John Jones that can be found online. John was paid by direct deposit every 14 days (two weeks). Every two weeks John receives a total of $694.81 directly to his bank account and described as "Payroll Deposit - Hotel" which is most likely his job. Direct deposit is a feature that almost every employer has to automatically send an employee's earned income directly to their bank account at the same time every couple of weeks, sometimes twice a month and other times once a month.