A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
1 answer:
You might be interested in
Hello There! The Answer to this problem is: B, C, E, G
Explanation:
<u>Given:</u>
Wages payable at the beginning of the year = $1500
Wages payable at the end of the year = $5000
Salaries and wages expense as per the income statement = $112400
<u>To find:</u>
Cash paid for salaries and wages
<u>Solution:</u>
The calculation of the cash paid for salaries and wages is as follows,
Wages payable at the end of the year-Wages payable at the beginning of the year =
Cash paid =
Therefore, the cash paid for salaries and wages during the year is $1,08,900.
Wages and salaries are paid by the organization or management to the workers or the employees in return for the work done by them for the company.