The company uses skill-based pay. The skill-based pay is the most widely-implemented salary system, in which the salary is defined based the knowledge, experience, education or specialized training of the employee. <span>The greater the number or depth of skills an employee acquires and applies the bigger the pay. </span>
The answer should be "personal."
Answer:
$120,000
Explanation:
The computation of sales is shown below:-
For computing the sales revenue first we need to find out the selling price per unit which is here below:-
Selling price per unit = Sales ÷ Units
= $96,000 ÷ 16,000
= $6
Sales revenue when 20,000 units are sold = Selling price per unit × Number of units sold
= $6 × 20,000
= $120,000
Therefore for computing the sales revenue we simply applied the above formula.
Answer:
Number of salads sold in that day = 93
Explanation:
Using algebra we have,
Let salad = X
Drinks = Y
Now Total units = 209
That means
X + Y = 209
Y = 209 - X
Also
6.5X + 2Y = 836.50
Putting above value of Y in this equation we have
6.5 X + 2(209 - X) = 836.50
6.5X + 418 - 2X = 836.50
4.5X = 836.5 - 418 = 418.5
X = 418.5/4.5 = 93
Therefore X = Salads = 93 in units
Number of salads sold in a day = 93 units
Answer:
The correct answer is all income statement accounts are temporary
Explanation:
Income statement is that part of financial statement set aside for determining profits or losses made in accounting period.
The main reason for preparing income statement is to arrive at the retained earnings which are later posted to the balance sheet.
All accounts in the income statement are temporary as they do not have balances carried forward at the end of a period unlike balance sheet where assets,liabilities and equity have opening and closing balances.
It is for the reason that inventory when purchased is first debited to the balance sheet and posted to income statement when the profit is to be determined and also closing inventory is immediately transferred back to the balance sheet.
