1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nika2105 [10]
3 years ago
7

Wages salaries expense is equal towhat?

Business
1 answer:
Sergio039 [100]3 years ago
6 0
Accounts such as Wages and Salaries Expense, Wages Expense, and Salaries Expense are used to record the gross wages and salaries earned by employees during the accounting period. Gross wages and salaries means the amount before payroll taxes and other with holdings. 
hope this helps
You might be interested in
Viva, Inc. bought machine X for $18,000 two years ago. The machine had no residual value and had an estimated useful life of 10
FinnZ [79.3K]

Answer:

$14,400

Explanation:

The computation of the current book value of the machine is shown below:-

Value of the Machine two Years ago = $ 18,000

Annual Depreciation = Cost - Salvage Value ÷ Useful Life

= ($18,000 - 0) ÷ 10

= $ 1,800  

Depreciation for two years = $1,800 × 2

= $ 3,600  

The Current Book Value = Cost - Depreciation for two years

= $18,000 - $3,600

= $14,400

4 0
3 years ago
Famous Furniture Manufacturing Company reported the following information for 2019:
AfilCa [17]

Answer:

$255,500

Explanation:

Prepare a Cost of Goods Manufactured Schedule to determine the  cost of goods manufactured.

<u>Cost of Goods Manufactured Schedule</u>

Direct material used                                             $ 75,000

Direct labor                                                           $ 93,000

Applied manufacturing overhead                       $ 70,000

Add Beginning work-in-process inventory        $130,000

Less Ending work-in-process inventory            ($112,500)

Cost of goods manufactured                             $255,500

6 0
3 years ago
Most service-quality experts say that _______ is the most critical element in building a customer-oriented company.
Westkost [7]

Most service-quality experts say that hiring is the most critical element in building a customer-oriented company. Acquiring, developing, and retaining the right talent<span> helps business create the organizational capability (ability of the organization) and intellectual capital driving their strategy execution. </span>

<span>
</span>

4 0
3 years ago
Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9
d1i1m1o1n [39]

Answer:

$445,000

Explanation:

The rent in Volusian company income statement for 2016 is $420,000

The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016

Therefore the cash paid for rent in 2016 can be calculated as follows

= $420,000+($95,000-$70,000)

= $420,000 + $25,000

= $445,000

5 0
3 years ago
If the midwest experiences a severe drought that damages the corn crops, we should expect the:_________.
kozerog [31]

Answer:

B) The Supply of corn will decrease and the price of corn will rise.

Explanation:

Option B is correct because the drought has damaged the corn crops. Therefore, this will affect the supply of corn in the market. Moreover, the damage of corn crops will shift the supply curve leftwards and this shift in the supply curve will push the prices upwards. Thus, the damage of corn crops will increase the prices due to a decrease in its supply.

4 0
3 years ago
Other questions:
  • Arbor Corporation had reported the following amounts at December 31, 2014: Sales revenue $184,000: ending inventory $11,600: beg
    6·1 answer
  • Assume the perpetual inventory method is used. The company purchased $12,500 of merchandise on account under terms 2/10, n/30. T
    10·1 answer
  • In a process called __________, a customer visits a store to touch, feel, and even discuss a product's features with a sales ass
    7·1 answer
  • Your project requires new software. The IT department is going to research options to identify the best solution to work with yo
    11·1 answer
  • In 2016, Saratoga Company had the following financial data: Operating income $320,000 Interest received $50,000 Interest paid $9
    11·1 answer
  • What are two ways you would get a good credit report?
    6·1 answer
  • The question "What information does a person or an organization have a right or a privilege to obtain?" is part of this ethical
    15·1 answer
  • A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment adviser to invest with the objec
    14·1 answer
  • The Mighty Power Tool Company has the following accounts on its​ books: Customer Amount Owed​ ($) Age​ (days) ABC ​$47 comma 150
    12·1 answer
  • Frankie's Chocolate Co. reports the following information from its sales budget:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!