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The fixation of wages period typically refers to the timeframe in which wage rates are established or adjusted. In many jurisdictions, wage fixation occurs at regular intervals, such as annually or bi-annually, often influenced by factors like inflation, cost of living, and labor market conditions. Additionally, collective bargaining agreements may set specific timelines for wage negotiations. Employers must adhere to applicable labor laws and agreements to ensure compliance with minimum wage standards and fair compensation practices.
What else can I help you with?
What is a stock marketer?
This is a piece of or ownership pieces of a company that you can obtain wages depending on sizes.
What is the role of a producer in a company?
To make all the money and give hard working people small wages.
What is the definition of fordism?
A form of industrial capitalism, characterised by mass production and mass consumption. Resource driven production instead of demand driven and wages dependent on productivity of the worker.
What are the major challenges that marketers face in business?
Perhaps the MAJOR problem facing marketers is to persuade people to buy crap products that they do not need. This is the reason for that thing called "advertising," and persuading people to buy crap they dont need is the sole rationale for advertising. And, unfortunately, the economy of the U.S. is totally based on people buying crap products that they dont need. And, of course, with the perpetual motion of business to keep costs down, the products get more crappy all the time; also, keeping wages down will eventually result in (when everybody in the U.S. is working in the 'service industry' for crap wages) a U.S. workforce that cannot buy crap products. Where will that leave business? Where will they sell their crap no one needs then? China?
What does a real estate sales agent get paid?
The wages for a real estate sales agent will depend on how well the person is at selling properties. This is a commission based job and the agents get paid according to the number of properties sold as well as the value of the property. The payment is usually 4% to the agent that lists the property and 3% to the agent that sells the property.
What is journal entry of outstanding wages?
Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of accounting, such wages must be accrued in the period earned regardless that they are paid in a subsequent period.
The entry to adjust the accounts for wages accrued at the end of the accounting period is?
wages expense and wages payable
What has the author V C Routley written?
V. C. Routley has written: 'The failure of wage fixation' -- subject(s): Wages
Are wages period costs?
yes
What is the adjusting entry for wages posted twice?
Outstanding wages are those wages that have been earned in one acctg period but will not be paid until the next. This happens when a payroll period crosses months. Under the accrual basis of... entry is wages expenses are credit and outstanding wages are credit.
What did David Ricardo set of beliefs regarding worker wages become known as?
David Ricardo's beliefs regarding worker wages became known as the "Iron Law of Wages." He posited that wages naturally tend toward a subsistence level, where they are just sufficient to maintain the workforce. This theory suggested that any increase in wages would lead to population growth, ultimately driving wages back down to the subsistence level due to increased labor supply.
Which IRS publication defines a payroll period as that period of service for which you usually pay wages?
circular D
Can you collect unemployment if you were fired from a job on probationary status?
It depends on several things. 1) What was the reason for being fired? 2) Did you have sufficient wages paid in the base period? 3) How long was the probationary period? 4) What state did this take place in? Were there any agreements regarding probation and termination?
When is clawback of wages legally allowed?
Clawback provisions in employment is legal and many companies. The clawback system should be part of the terms and conditions of your employment contract and thus, clawback of wages may only be taken within the limits stated in your contract. Each company will have different rules regarding this however, clawback can only be made within the provisions of the law.
What is a Period when business activity slows and wages fall?
Economic depression.(:
What are the types of wages?
There are several types of wages, including hourly wages (based on hours worked), salary wages (fixed amount per period), commission wages (based on sales), and piece-rate wages (based on units produced). Bonuses and tips are also forms of wage compensation.
What is meaning of wages in accounts?
The Wages section on a general ledger is the account that represents the cost of your payroll, or how much you need to give your employees for the current period.
