Debit Credit
March 11
Salary and wage expense (+E, -SE) 200,000
Liability for income taxes withheld-employees (+L) 40,000
Liability for insurance premiums withheld-employees (+L) 1,000
FICA taxes payable - employees (+L) 15,000
Cash (-A) 144,000
Payroll for February including employee deductions.
Labor costs are the costs a business incurs to pay its hourly employees. This item may also include payroll taxes and benefits paid to employees. Wage costs can be recognized as a line item in the expense portion of the income statement. This is a type of variable cost.
Wage Expense is an expense account, but Payroll Payable is a current liability account. A current liability is a liability that a company has to pay within one year. Companies report expense accounts on the income statement and liability accounts on the balance sheet.
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Answer:
Explanation:
Rightly ignored a sunk cost since he cannot recover the money back and it really does not have any effect on the decision in the future
Based on microeconomic theory, <u>Total</u> costs refer to the sum of the fixed and variable costs for any given level of production.
<h3>What makes Total Cost?</h3>
Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
<h3>Components of Total Cost </h3>
The components of Total Cost include the following:
- Prime cost
- Factory cost
- Office cost
- Cost of sales, etc.
Hence, in this case, it is concluded that the correct answer is "<u>Total Cost."</u>
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Answer:
hi you seem like a really nice persen sorry
Explanation:
Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
