Answer: $1300
Explanation:
Gross pay is the amount of money that an employee will receive before taxes or any other deductions will be made. The amount of this employee's gross pay for the first week of January goes thus:
Salary expense = (40 × $25) + (8 × $25 × 150%)
= $1000 + $300
= $1300
Therefore, the employees gross pay is $1300
<span>The variability we expect to see from one random sample to another. It is sometimes called sampling error.</span>
Stocks and bonds purchased by a business executive?
The accrual accounting characteristic known as the revenue recognition principle states that revenues must be the recorded on the income statement in the period in which they are realized and earned, not necessarily in the period in which cash is received.
The earned revenue represents the money that has been spent on goods or services that have been rendered. For the revenue-generating activity to be included in the revenue for the relevant accounting period, it must be finished or almost the finished. The matching principle also mandates that revenue and related costs must be reported in the same accounting period.
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