Answer:
$593,000
Explanation:
Given data for Schneider Inc.
Salaries payable at the beginning of 2018 (end of 2017) = $61,600
Salary expense during the year (2018) = $621,400
Salary payable at end of year (2018) = $90,000
Salaries paid = ?
Let the salaries paid = S
Using the formula
Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year
$61,600 + $621,400 - S = $90,000
S = $61,600 + $621,400 - $90,000
S = $593,000
Cash outflows for salaries in 2018 were $593,000.
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
Answer:
The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems as a raw material to produce chemicals, fertilizer, hydrogen, and plant fuel.
Explanation:
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#TheWizzer
Economy comes from the Greek words household and manage which basically mean a are where production , distribution , or trade and consumption of goods and services by different agencies in a given location.
Answer:
The correct answer is B) auditors are concerned with the client's internal controls over the safeguarding of assets if they affect the financial statements.
Explanation:
Based on the theoretical concept, it can be said that the main scopes of a well structured system of internal controls are:
- Promote reliability and impartiality in the production of financial reports.
- Provide timely and easily accessible information, which allows efficient and effective conduction of business processes.
- Ensure compliance with internal processes and actions in general to the objectives of strategic planning, avoiding deviations from the guidelines.
- Safeguard the company's assets, supporting risk management and minimizing eventual financial losses caused by poor management.
