Option C is correct. Debit Supplies Expense; credit Supplies would be the adjustment to reflect the supplies used during the period. Book value is the cost of an asset minus accumulated depreciation.
Every financial transaction in the world of double-entry book-keeping has an impact on at least two accounts. In the case of office supplies, you can simply debit the supplies as an expense to your Office Supplies account if the purchases are minor and don't require classification as current assets. In the event that you paid cash for the supplies, you would then debit your Cash account. While inventory is exempt from sales tax, your company must pay sales tax on supplies. This is due to the fact that most goods are only taxed once, at the retail level. Therefore, when you sell inventory items to your customers, taxes will be applied.
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Complete Question-
the adjusting entry to record supplies used during the period includes a:
a. debit to supplies.
b. credit to cash
c. debit to supplies expense
d. credit to service revenue
what sentence describes the human resources department?
1. "he builds strategies to deal with the challenge that the business faces due to the changing economic policies of the government, and market competition"
2. "he ensures that all of the company's activities and policies comply with the labor laws"
3. "he uses software applications to track production of goods. he also tried to target and reach the right custumers"
Answer:
Sentence 1 "he builds strategies to deal with the challenge that the business faces due to the changing economic policies of the government, and market competition" does not describe the human resources department specifically. It describes a management role in general, and some responsibilities may be shared between different departments such as finance, operations, marketing, etc. However, the HR department could be involved in strategizing how to manage the human capital of the company in light of the external challenges that the business is facing. The human resources department plays an important role in aligning the workforce with the business goals and objectives, and in creating policies and procedures to ensure that the company is able to adapt to changes in the external environment.
Sentence number 2 "he ensures that all of the company's activities and policies comply with the labor laws" describes the human resources department. The Human Resources department is responsible for ensuring that the company complies with labor laws and regulations, and is also responsible for managing the company's employees, including hiring, training, and benefits. The HR department also plays a key role in creating policies and procedures to ensure that the company is a fair and equitable workplace.
Sentence 3 "he uses software applications to track production of goods. he also tried to target and reach the right customers" does not describe the human resources department specifically. It describes a manufacturing or operations role, or a role in sales and marketing. The Human Resources department is responsible for managing the company's employees, including hiring, training, and benefits. The HR department also plays a key role in creating policies and procedures to ensure that the company is a fair and equitable workplace. It also ensures that the company complies with labor laws and regulations and also helps in aligning the workforce with the business goals and objectives.
Explanation:
what type of decision making are you engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements?
Satisficing is the type of decision making we are engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements.
Rational decision-making is related to satisfying, however satisfying differs in that the decision-maker accepts the first alternative that satisfies the minimum standard in order to save time and effort rather than making the best choice and maximizing the potential outcome.Satisficing refers to choosing the conclusion that is more acceptable or satisfactory than the best when making decisions. Instead of making every effort to reach the ideal outcome, satisficing focuses on making reasonable efforts when presented with tasks.Here are a few instances of how satisficing really functions for the typical person: locating the best deal. Shopping for deals is a sensible idea, but going overboard is not. Saving money on petrol, for instance, makes logical, but not if you travel all over town looking for the best deal.Thus this is the meaning of Satisficing.
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please help me!!! I literally have no clue what it is
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
A new business should be based on an entrepreneur's individual interests because the entrepreneur must
Answer:
D. dedicate as many hours as needed to work.
Explanation:
A new business should be based on an entrepreneur's individual interests because the entrepreneur must dedicate as many hours as needed to work. Option D is correct.
What is an entrepreneur?A person who spots a need in the market and works to fill it is called an entrepreneur. The phrase has historically been used to describe a person who launches a business because they saw the chance to satisfy that recognized need as an economic one.
Further an entrepreneur succeeds when they are driven by their passion, are resourceful, willing to adapt and listen to others, and have a strong sense of resolve to achieve.
However a successful entrepreneur needs to be able to sell, communicate, concentrate, learn, and strategize well. Continuous learning is an essential entrepreneurial talent as well as a highly important life skill.
Therefore a solid growth strategy built on inborn business acumen and abilities is necessary for each firm.
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What are the key characteristics of a well-designed performance appraisal?
Select all that apply.
Focus on job-related tasks
Conducted by a trained manager
Based on company policy
Opportunities for employee feedback
Clear management feedback
The key characteristics of a well-designed performance appraisal include a focus on job-related tasks, being conducted by a trained manager, based on company policy, providing opportunities for employee feedback, and clear management feedback.
How can you describe the well-designed performance ?Firstly, the performance appraisal should focus on job-related tasks to ensure that the evaluation is objective and fair. This means that the appraisal should measure employee performance against job-related criteria, such as job responsibilities, goals, and objectives.
Secondly, a well-designed performance appraisal should be conducted by a trained manager who has experience in conducting appraisals and who understands the company's policies and procedures for conducting them.
Thirdly, the appraisal should be based on company policy, ensuring that all employees are evaluated in a consistent and fair manner.
Fourthly, there should be opportunities for employee feedback, allowing employees to provide their input on their own performance and the appraisal process.
Finally, the appraisal should provide clear management feedback, including specific examples of areas where the employee has excelled, as well as areas where improvement is needed. This feedback should be constructive and provide guidance for the employee on how to improve their performance.
Overall, a well-designed performance appraisal should be fair, consistent, and provide valuable feedback to both the employee and the manager.
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An agent must keep confidential any information acquired through an agency during the term of the relationship, but can disclose it after the agency ends. True or false?
An agent must keep confidential any information acquired through an agency during the term of the relationship but can disclose it after the agency ends. False
In the language of the law, someone who has been given the authority to act on behalf of another person or entity is referred to as an agent. To represent a client in discussions and other interactions with third parties, an agent may be hired. The agent may be given the power to make decisions.
Any confidential information belonging to a buyer or seller client should not be disclosed to the opposing party or that party's agents, such as an attorney, lender, or another representative, by agent.
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Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
When someone makes a choice, what are all the other alternatives that are given up by making that choice called?
When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.
All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.
If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.
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Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded
monthly. He plans on paying off the loan completely in two years using monthly payments. What is the
total amount of interest he will pay once the card is paid off?
#1 $128.03
#2 $1136.00
#3 $4878.03
#4 $5886.00
the deed to secure debt (security deed), commonly used by lenders who make residential real estate loans in georgia, serves to
The security deed in Georgia is a legal document that is used by lenders when making residential real estate loans.
It serves to provide the lender with a security interest in the property that can be used to secure the repayment of the loan in the event of the borrower’s default.
The Deed to Secure Debt (Security Deed), commonly used by lenders who make residential real estate loans in Georgia, serves to provide security for the debt.
It provides a mortgage for the lender against the borrower's property. When a borrower gets a mortgage loan to purchase a property, they sign a security deed, which gives the lender a security interest in the property.
If the borrower defaults on the loan, the lender may foreclose on the property and sell it to pay off the debt. Therefore, a security deed is a critical document used in residential real estate loans, such as mortgages, in Georgia.
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Choose all that apply. The mortgage payment includes _____. taxes principal interest escrow PMI homeowner’s insurance
Answer:
taxes, principal interest, homeowner´s insurance.
Explanation:
Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.
The mortgage payment includes taxes, principal interest, and homeowner’s insurance. The correct options are a, b, and d.
Taxes, principal interest, as well as homeowner's insurance are a few of the items included in the mortgage payment.
1. Taxes: A portion of the mortgage payment is towards property taxes, which typically go to the local government. Schools, roads, and essential services are just a few of the public services that are supported by these levies. 2. Principal and interest: The principal borrowed and the interest accrued by the lender are both paid back with a portion of your mortgage payment. The initial sum of money borrowed to buy the house is known as the principal, and the cost of borrowing the funds is known as the interest.
3. Homeowner's insurance: This sort of insurance shields you and your possessions against harm or loss brought on by calamities like fire, theft, or natural catastrophes. Your monthly mortgage payment includes a percentage for this insurance.
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Zoowawa's nominal GDP rose by 6% between 2017 and 2018. If its inflation rate was 2.5%, by how much did its real GDP increase?
Answer:
3.5%.
Explanation:
Real GDP is understood to be that which arises from the difference between the economic growth (that is, of the GDP) of a country during a given period, and the inflation that occurred during that period. That is to say, inflation is subtracted from said economic growth.
Thus, since Zoowawa's nominal GDP grew by 6 percent, while inflation was 2.5 percent, the real GDP of that nation grew by 3.5 percent (6 - 2.5) during the mentioned period.
Case 10 - Payday Loans: A Needed Product or a Scam?*
1. Who are the stakeholders in this case and what are their stakes?
2.What is your evaluation of the corporate social responsibility of the payday lending industry, using the four-part definition of CSR? Is payday lending an exploitive industry that snares borrowers in a never-ending cycle of debt?
The payday lending industry is indeed controversial. While it provides quick access to cash for borrowers with urgent financial needs, it often traps them in a cycle of debt due to high interest rates and fees.
1. The stakeholders in this case include:
- Payday loan companies: Their stake is financial profit and business growth.
- Borrowers: Their stake is access to quick cash for immediate needs.
- Consumer advocacy groups: Their stake is protecting the rights and interests of borrowers.
- Government regulators: Their stake is ensuring fair and ethical lending practices.
- Communities: Their stake is the economic impact and well-being of residents.
2. Evaluating the corporate social responsibility (CSR) of the payday lending industry using the four-part definition, we can consider the following:
a) Economic responsibility: Payday loan companies have a responsibility to provide financial services to borrowers in need. However, some argue that they exploit vulnerable individuals by charging high interest rates and fees.
b) Legal responsibility: Payday loan companies must operate within the legal framework set by regulatory authorities. However, there have been instances of predatory lending practices and violations of consumer protection laws.
c) Ethical responsibility: Payday loan companies should conduct their business in an ethical manner, considering the best interests of borrowers. However, the high interest rates and fees charged by these companies have been criticized as unethical and exploitative.
d) Philanthropic responsibility: Payday loan companies can contribute to the well-being of communities through philanthropic initiatives. However, their primary focus is profit-making rather than actively engaging in philanthropic activities.
The payday lending industry is indeed controversial. While it provides quick access to cash for borrowers with urgent financial needs, it often traps them in a cycle of debt due to high interest rates and fees. Many argue that the industry preys on vulnerable individuals who are already in financially precarious situations. However, others argue that payday loans serve as a necessary option for those who may not have access to traditional banking services.
It is important to consider the various perspectives and potential alternatives when evaluating the impact and social responsibility of the payday lending industry. The ultimate goal should be to find a balance between meeting the immediate needs of borrowers and ensuring fair and ethical lending practices that do not perpetuate financial hardships.
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In the NPV approach to investment appraisal, the discount rate is not intended to take into account:
Select one:
a. returns that could be earned if the money was invested in an alternative project
b. the lifetime of the investment project
In the NPV approach to investment appraisal, the discount rate is not intended to take into account returns that could be earned if the money was invested in an alternative project. So the right option is (A).
A discount rate is the interest rate used to calculate the present value of future cash flows in an investment appraisal. This is the rate at which the present value of expected cash flows is calculated by discounting them. The discount rate represents the time value of money and takes into account the risk of investing in the project.
When calculating the net present value (NPV) of an investment, the discount rate is used to discount the expected cash flows to their present value, and the initial investment is subtracted from the present value of cash inflows. If the resulting net present value is positive, the investment is considered to be profitable and vice versa.
Therefore, the NPV approach provides a way to measure the profitability of an investment project. However, the discount rate used in the NPV approach is not intended to take into account the returns that could be earned if the money was invested in an alternative project.
This is because the discount rate is specific to the investment project being evaluated, and the returns that could be earned from other projects are not relevant to this specific evaluation. Thus, option A is the correct answer.
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Who do YOU like more
Joseph Biden or Donald Trump?
Please answer with you honest opinion.
Answer:
Explanation:
Joseph biden
Coronado Company lost all of its inventory in a fire on December 26,2022 . The accounting records showed the following inventoryrelated data for November and December. Coronado is fully insured for fi
Coronado Company lost all of its inventory in a fire on December 26, 2022.
What was the total inventory value for November and December?To determine the total inventory value for November and December, we need to sum up the inventory values for both months.
Since the accounting records provided the inventory-related data, we can refer to those records.
However, the specific details of the inventory values for November and December are not provided in the question.
Therefore, without the inventory values, we cannot calculate the total inventory value for the two months.
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What is a tax return?
A. A form sent to the IRS which reports on your annual income and deductions.
B. The amount of money you make after paying taxes
C. The amount of money returned to you after you pay your taxes
D. The amount of money your employer pays in taxes
Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct labor cost of $8 per unit, variable overhead cost of $3 per unit, fixed overhead of $60,000 per year, variable selling and administrative expenses of $2 per unit, and fixed selling and administrative expenses of $20,000 per year. There is no beginning inventory. If 4,000 units are sold at $40 per unit, what is net income under absorption costing
Answer:
Net operating income= $32,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed overhead and unitary total cost:
Unitary fixed overhead= 60,000 / 6,000= $10
Unit product cost= direct material + direct labor + total unitary overhead
Unit product cost= 4 + 8 + 3 + 10
Unit product cost= $25
Now, the net operating income:
Net operating income= Sales - COGS - Total variable selling and administrative expenses
Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)
Net operating income= 160,000 - 100,000 - 28,000
Net operating income= $32,000
Abc currently has the following quotes: market maker bid ask size mm1 10. 00 10. 50 3 × 2 mm2 10. 20 10. 45 4 × 3 mm3 10. 25 10. 60 3 × 2 the inside bid good is for a) 300 shares. B) 200 shares. C) 400 shares. D) 100 shares
Insider offer is for 300 shares.
An insider's bid is the highest bid, or the most a person is willing to pay. In this situation, MM3 is willing to pay 10.25 for 300 shares.
In economics, supply is defined as the seller's willingness to sell/deliver various quantities of goods at various price levels within a certain time and under certain circumstances. Certain times indicate a certain period or time, and certain conditions indicate a state of ceteris paribus. In order to answer consumer needs, producers provide various goods and services.
The goods and services produced are then sold to consumers in the market according to a certain price level. Demand has to do with buying and using, while supply has to do with supply and sale. So, supply is the amount of goods and services available for sale at various price levels and situations.
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The first paragraph of a business letter is the ____.
A. Introduction
B. Addresses
C. Conclusion
D. Supporting details
Answer:
A. Introduction is the first paragraph
Explanation:
You start with an introduction when writing a business letter
Which of the following are strategies for managing people?
setting consequences
showing appreciation
setting goals
setting clear expectations
organizing your workspace
being punctual
being positive
making phone calls
Answer: Setting consequences, showing appreciation, setting goals, setting clear expectations, being positive.
Explanation:
Answer:1,2,3,4,7
Explanation:
edge 2021
Peabody. Inc. Has 5000 shares 7% $100 psr value cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at Dec 31 2014 if the board of directors declare a $30000 dividen the?
If the board of directors declares a $30,000 dividend, the: preferred shareholders will receive the entire $30,000.
How to find the preferred shareholders?To calculate the dividend amount for each class of stock, we need to determine how much of the dividend will be allocated to the preferred stock and how much will be allocated to the common stock.
Since the preferred stock is cumulative, any dividends that were not paid in previous years will need to be paid before any dividends can be paid to the common stock. We can calculate the amount of cumulative dividends owed to the preferred stockholders as follows:
Cumulative Dividends Owed = 5000 shares x $100 psr value x 7% = $35,000
Since the board of directors has declared a $30,000 dividend, we can see that this amount is not enough to cover the full amount of cumulative dividends owed to the preferred stockholders. Therefore, the entire $30,000 dividend will be paid to the preferred stockholders, and none will be paid to the common stockholders.
The amount of cumulative dividends owed to the preferred stockholders will be reduced by $30,000, leaving a balance of $5,000. This amount will need to be paid before any future dividends can be paid to the common stockholders.
Therefore, the dividend amount for each class of stock is:
Preferred Stock: $30,000
Common Stock: $0
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The benefit of mutual funds is that
Answer:
Mutual funds are the most popular investment choice in the U.S. Advantages for investors include advanced portfolio management, dividend reinvestment, risk reduction, convenience, and fair pricing.
Explanation:
(Disadvantages include high fees, tax inefficiency, poor trade execution, and the potential for management abuses.) not in question but just in case u need it
Answer:
Explanation:
Mutual funds are the most popular investment choice in the U.S. Advantages for investors include advanced portfolio management, dividend reinvestment, risk reduction, convenience, and fair pricing
(Disadvantages include high fees, tax inefficiency, poor trade execution, and the potential for management abuses.) not in question but just in case u need it
Question # 1
During the decade of the 1990s Jamaica experienced unprecedented melt down in its financial
institutions. Discuss the factors that give rise to this melt down and explain the part it played in
Jamaica anemic economic growth.
Question # 2
Trace the development of the CSME and explain the likely effect it has on the Jamaica Financial
Institutions and by extent the Jamaican Economy.
Question # 3
Identify any three financial markets world -wide and outline:
a. Their historical development
b. Their impact {positive and negative} on the economy in which they operate.
During the 1990s, Jamaica experienced a significant meltdown in its financial institutions, which had a detrimental impact on its economic growth.
Several factors contributed to this meltdown, including weak regulatory oversight, inadequate risk management practices, high levels of non-performing loans, and a lack of transparency and accountability. The financial sector's instability and collapse led to decreased confidence in the economy, reduced investment, and constrained credit availability, all of which contributed to Jamaica's anemic economic growth during that period.
The Caribbean Single Market and Economy (CSME) is a regional integration initiative aimed at promoting economic cooperation and development among Caribbean countries, including Jamaica. The implementation of the CSME has had both positive and negative effects on Jamaica's financial institutions and economy. On the positive side, it has facilitated increased cross-border trade, investment, and mobility of labor, leading to potential growth opportunities for Jamaican financial institutions. However, it has also posed challenges, including increased competition, the need for regulatory harmonization, and potential vulnerability to economic shocks within the region.
Three financial markets worldwide that can be examined for their historical development and impact on the economies in which they operate are:
a. The New York Stock Exchange (NYSE): Established in 1792, the NYSE is one of the world's oldest and largest stock exchanges. It has played a pivotal role in the growth of the American economy, facilitating capital formation, supporting companies' expansion, and providing investment opportunities for individuals and institutions.
b. The London Stock Exchange (LSE): Founded in 1801, the LSE is one of the world's leading stock exchanges. It has been instrumental in the development of the UK economy, attracting international investors, promoting liquidity, and serving as a platform for companies to raise capital for growth and expansion.
c. The Tokyo Stock Exchange (TSE): Originating in 1878, the TSE is the largest stock exchange in Japan and plays a vital role in the country's economy. It has facilitated the mobilization of funds for companies, contributed to Japan's economic growth, and provided opportunities for investors to participate in the country's financial markets.
These financial markets have had positive impacts on their respective economies by facilitating capital formation, supporting business growth, creating employment opportunities, and attracting foreign investment. However, they have also faced challenges, such as market volatility, systemic risks, and the potential for financial crises, which can have negative repercussions on the economies they operate in.
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MacDonald's Farm, Green Acres, and Mickey's Farm sell wheat in a pure-competition environment which means that no
business sells endugh of the product to influence the price.
O true
O false
Different sellers of wheat like MacDonald's farm and Mickey's Farm where they do not have an influence on the price marks the existence of pure competition in the economy.
What is pure competition?Pure competition refers to a market where there is free entry and exit of buyers and sellers in the market selling exactly the same product with, no buyer or seller can influence the price.
Hence, if there is a pure competition in the wheat market, none from the aforementioned sellers would be able to sell enough so that they can influence the price.
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ezra works for bloomington inc., which buys plumbing products directly from the manufacturer and resells them to retailers, which then sell the products to consumers. ezra works for a?
Ezra works for a wholesaler
What is a wholesaler?
In the supply chain, a wholesaler serves as an intermediary or middleman. The most typical illustration of a wholesaler is a business that buys finished goods from producers and then distributes them to retailers, who subsequently market the goods in lesser quantities to consumers.
The primary objective of a wholesaler is to sell products to businesses or retailers who will then resell them. A retailer, on the other hand, solely sells products to the final customer as their target market. These two commercial connections serve as key marketing channel intermediaries.
Therefore, Ezra works as a wholesaler in the inc.
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A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?
A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.
B)
Explanation:
the definition of stimulus is something that causes a reaction so b is the only one that makes sense
Mia likes to write books during her free time. At present, three of her books have been published and sold around the world. The income received from selling her books is an example of
Answer:
passive
Explanation:
Question 15(Multiple Choice Worth 4 points)
(01.09 MC)
Why is creating a budget for an entire year usefu
Most bills are paid annually or only every few months and would be left off a weekly budget.
It can account for irregular expenses like new shoes, so the budget would be more accurate.
O Salaries are paid annually, so the budget should match the timeframe of the paycheck.
O Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
The reason why it is useful to create a yearly budget is that Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
What is a budget?
This can be defined as the estimation of the income that a person has and the expenditures they have over a period of time.
Budgets are useful because they help to match the expenditures such as cars and housing which can nit be taken care of by a weekly budget.
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Answer: Salaries are paid annually, so the budget should match the timeframe of the paycheck.
Explanation: