Answer: The answer is B, the logical activity base for salary expenses is Number of employees.
Explanation:
For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.
Answer:
<em>Traditional savings account</em>
Explanation:
A Traditional savings account is a banks or other financial institution's interest-bearing deposit fund.
While these accounts usually pay a moderate rate of interest, their stability and efficiency make them a decent option for short-term saving cash that you want.
Traditional savings accounts have some constraints on how many times one can withdraw money, however they usually offer outstanding versatility that is suitable for developing an emergency savings, or merely sweeping excess cash that you don't need in your checking account so you can earn more interest somewhere else.
Answer:
a. he or she has not ratified the contract on reaching majority.
Explanation:
Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.
In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.
Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.
Answer:
b. do not vary as output varies.
Explanation:
Fixed cost are defined as those cost that is incurred by a business that do not vary with level of production. For example if a company pays rent wether it produces goods or not it will incur the same rent expense. So this cost does not vary with output.
Variable cost on the other hand varies with production. The higher the level of production the higher the variable cost. For example the more the output required the more the labour employed to achieve higher output.
