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3 years ago

A fixed amount of pay for working a week or a month is a(n) ___ .

Business

2 answers:

Tomtit [17]3 years ago

8 0

Answer:

The correct answer would be Salary.

Explanation:

A fixed amount of pay for working a week or a month is called Salary. When a person works for some other person or company, he receives money in return for his job done for that person or company. This money can be given on weekly or on monthly basis. Usually salary is given on monthly basis. People who receive monthly salary are usually people who are professionals and doing white collar jobs. The workers who work as a labor usually receive payments on daily basis. They are called the daily wage workers. People give their time and expertise to a person or company, and in return they receive monthly salary from the employer.

laila [671]3 years ago

5 0

Answer: it is called a salary

Explanation:

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Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for t

damaskus [11]

Answer:

Journal Entry for establishing a Petty cash fund

Date Particulars Debit Credit

Jan 1 Petty cash A/c $270

To Cash A/c $270

(Being Petty cash fund established)

Journal Entry for reimbursement of petty cash

Date Particulars Debit Credit

Jan 8 Postage A/c $36

Transportation A/c $13

Delivery Expense A/c $15

Miscellaneous Exp A/c $25

To Cash A/c $89

(Being reimbursement of petty cash expenses

incurred from petty cash fund)

Journal entry for Increasing the limit of Petty cash fund

Date Particulars Debit Credit

Jan 8 Petty Cash A/c $50

To Cash A/c $50

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3 years ago

I need help What is an IPO?

lisabon 2012 [21]

Answer:

An IPO stands for Initial Public Offering. It's a public offering in which shares of a company are sold to institutional investors and usually also retail investors.

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3 years ago

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st

eduard

Answer:

Part a

Blossom Company

Income statement for the year 2014 - multiple-step form

$000

Sales revenue 97,088

Less Cost of goods sold (61,158)

Gross Profit 35,930

Less Operating Expenses :

Administrative expense

Officers' salaries 5,488

Depreciation of office furniture and equipment 4,548 (10,036)

Selling expense :

Delivery expense 3,278

Sales commissions 8,568

Depreciation of sales equipment 7,068 (18,914)

Operating Income (Loss) 6,980

Less Non Operating Expenses :

Income tax 9,658

Interest expense 2,448 (12,106)

Net Income (Loss) (5,126)

Part b

Blossom Company

Income statement for the year 2014 - single-step form

$000

Sales revenue 97,088

Less Cost of goods sold (61,158)

Gross Profit 35,930

Less Expenses :

Officers' salaries 5,488

Depreciation of office furniture and equipment 4,548

Delivery expense 3,278

Sales commissions 8,568

Depreciation of sales equipment 7,068

Income tax 9,658

Interest expense 2,448 (41,056)

Net Income (Loss) (5,126)

Explanation:

The multiple-step form shows the Operating Income and Net Income separately by grouping expenses as either operating and non-operating expenses.

The single-step form shows all expenses under one category and no grouping of expenses as either operating or non-operating.

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ira [324]

The maker. Hope this helps. :)

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