The result of the oversight is that if salaries and wages are not recorded or shown as accrued for Dec. 31st, then it will look like there is more money in revenue than is actually there so it will give a false impression of the existing money on hand of an enterprise.
Answer:
The variable cost is the cost which increases or decreases with the level of output of a company. There is direct relationship between variable cost and output of a firm.
The fixed costs are the costs which remains the same with any level production.
A step cost refers to a cost which remains constant at a particular level and vary after that level.
A mixed cost is a combination of both variable and fixed cost. Such as electricity companies which charges a fixed amount as well as variable cost according to the units consumed.
Therefore, the list are as follows:
(a) Variable cost
(b) Fixed cost
(c) Variable cost
(d) Fixed cost
(e) Step cost
(f) Fixed cost
(g) Mixed cost
The correct words to fill in
the blank are:
<u>“social
role theory”</u>
<span>Social role theory is a perspective in
social psychology which considers men and women to act differently in social
situation and take different roles due to the expectations that society puts on
them. In this case, Karen expects women to take feminine roles.</span>
Answer:
$2,500
Explanation:
since Sherry will receive at least $10,000 or 25% of the partnership's net income, then the guaranteed payment = $10,000 - ($30,000 x 25%) = $10,000 - $7,500 = $2,500
When partnerships include guaranteed minimum payments, he/she will receive that amount even if the partnership's net income is not high enough. If the partnership's net income would have been $40,000 or more, then there would be no guaranteed payment (= $40,000 x 25% = $10,000).
Creditworthiness<span> is a valuation performed by lenders that determines the possibility a borrower may default on his debt obligations. It considers factors, such as repayment history and credit score.</span>
