<span>A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.</span>
Answer:
The cost of goods sold is $ 4,800.
Explanation:
This problem requires us to calculate cost of good sold. The opening and closing balance of finished goods is given in the question. The cost of good manufactured is also provided in the question.
The cost of good sold can be calculated by finding the amount transferred from finished good account. Detail calculation is given below.
Finished good inventory begining $ 1,000
Cost of good manufactured $ 5,000
Finished good inventory ending ($ 1,200)
Cost of good sold $ 4,800
A creditor is someone that gives or provides credit to a person or to a company. This someone an either be a person, a bank or a supplier in which they want to owe someone their money. This someone is called the creditor. The amounts or the money owed to the creditor are recorded in a company's balance sheet. When the time came for the creditor to pay the amount, then that will be the payment creditor.
Answer:
Job extension
Explanation:
Job extension takes place when the tasks, duties and responsibilities of a certain job position increase to include new tasks, new duties and new responsibilities that are related to the original ones. While the employee is given more things to do, his/her level within the organization doesn't change. This job extension is usually done to avoid repeating and monotonous tasks.
