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Ray Of Light [21]
3 years ago
11

Match the following terms with their definitions. Salary, rewards, net pay, occupation, costs, benefit, deduction1. a fixed amou

nt of money periodically paid to a person for work 2. the price paid to acquire, produce, or accomplish something 3. the portion of the wages that the employee actually gets to take home 4. perks provided by your employer 5. something that causes or increases personal satisfaction 6. an amount that is subtracted from your paycheck employee 7. a person's usual work or business; a way of earning a living
Business
1 answer:
Katena32 [7]3 years ago
4 0

Answer:

1. A fixed amount of money periodically paid to a person for work – Salary

2. The price paid to acquire, produce, or accomplish something – costs

3. The portion of the wages that the employee actually gets to take home - net pay

4. Perks provided by your employer – benefit

5. Something that causes or increases personal satisfaction – rewards

6. An amount that is subtracted from your paycheck employee – deduction

7. A person's usual work or business; a way of earning a living - occupation

Explanation:

1. The salary is defined as the amount received by a person for work, this income does not include any extra benefit. to be considered as a salary it has to be paid periodically.

2. The cost is the expense caused for the production of a product, in the case of a service is the cost of offering it. includes direct and indirect labor force cost, amortized costs of the machinery and supplies (for products).

3. The net pay is the salary amount paid to an employee after the deduction of any amount legally recognized, it may include taxes and other items.

4. The benefits are extra gains that an employer may give to workers, different from the salary amount, it may include bonus or specific medical insurance advantages.

5. The rewards are non-usual prizes or recognitions received by people due to a personal or labor goal.

6. The deduction is al legal reduction done by a company in the payment of an employee.

7. The occupation is the activity that a person develops to obtain living resources, it can include personal business or employment.

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Answer:

D. $8,000.

Explanation:

*Net loss is considered as the amount to be allocated between partners on equal sharing ratio. Otherwise the net allocated amount will be 76,000 ( -16000-5000-10000-27000-18000) net loss and Seth's share will be -38,000 (76000/2) . Question has no option of this amount.

                                          Statement of Partners Equity

                                          For the Year end MM-DD-YY

                                                    Seth                      Rachel

                                                       $                             $              

Beginning Capital balance =         0                             0

Investment by partners       =     50,000                 100,000    

interest Allowance              =       5000                     10,000

Salary Allowance                =       27000                    18,000

Net loss Allocated              =    <u>   (8,000)   </u>             <u>  (8,000)  </u>

Ending capital balance       =    <u>  74,000        </u>          <u> 120,000</u>

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Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month
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$37.80

Explanation:

Particulars                                           Amount       Calculations

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Packaging                                             <u>$18.40 </u>        ($5,750/1,250*4 parts)

Total manufacturing cost per chair   <u>$37.80</u>

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