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3 years ago

Because cost of living varies, it is important to consider location when conducting a job search

Business

1 answer:

Norma-Jean [14]3 years ago

7 0

This is TRUE.

$50,000 might be a middle-class living in the mid west but wouldn't get you very far in New York City or San Francisco because cost of living in those cities is so much higher.

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A company's employee database includes each employee's compensation. a) is this variable discrete or continuous? b) what ar

il63 [147K]

<span>A company's employee database includes each employee's compensation.

Part a)

An employees compensation is a continuous variable because it can take fractional values.

Monetary values doest have to be an integer it also takes decimal values.

Part b)

The possible values it can take on are any value in the interval of compensations for the employee's level.</span>

4 0

3 years ago

Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:

Kobotan [32]

Answer:

The head of the company

Explanation:

Chief execute officer of a company is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations, and being the public face of the company.

6 0

3 years ago

Read 2 more answers

Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represent

inna [77]

Answer:

B. Prepaid insurance is shown on the income statement

Explanation:

Prepaid insurance first and foremost is a current asset and as such will not reflect in the income statement but in the statement of Financial Position or Balance Sheet.

Although, prepaid insurance will be shown as paid within the year, it must be deducted from the insurance premium paid for the current year and then reported in the balance sheet as a current asset.

Prepaid insurance is treated as a current asset because it is an indication of insurance premiums paid for by the company in advance. It is a payment for economic benefits that will be enjoyed in the future, therefore it is a current asset. The only part of an insurance premium that shows in the income statement is the insurance expense paid for insurance benefit enjoyed in the current period

3 0

3 years ago

During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,

Natasha2012 [34]

Answer:

adjusting entries:

a. An insurance policy covering three years was purchased on January 1, 2021, for $6,600. The entire amount was debited to insurance expense and no adjusting entry was recorded for this item.

Dr Prepaid insurance 4,000

Cr Insurance expense 4,000

b. During 2021, the company received a $850 cash advance from a customer for merchandise to be manufactured and shipped in 2022. The $850 was credited to sales revenue. No entry was recorded for the cost of merchandise.

Dr Sales revenue 850

Cr Unearned revenue 850

c. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $900 were on hand at December 31.

Dr Supplies 900

Cr Supplies expense 900

d. Hales borrowed $25,000 from a local bank on October 1, 2021. Principal and interest at 12% will be paid on September 30, 2022. No accrual was recorded for interest.

Dr Interest expense 750

Cr Interest payable 750

e. Net income reported in the 2021 income statement is $40,000 before reflecting any of the above items.

net income after adjustments = $40,000 + $4,000 - $850 + $900 - $750 = $43,300

4 0

3 years ago

What is capacity budgeting

irga5000 [103]

Answer:a company's ability to utilize money and workforce when producing goods or offering a service.

Explanation:

5 0

3 years ago