For the month of September, Seawide Sales Company recorded gross pay of $74,500. The net pay for the month amounted to $59,500. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries?
Business
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Which of the following statements is true regarding a direct fixed cost?
A) The corporate jet expenditure is an example of a direct fixed cost. B) These costs are not associated with individual products. C) These costs do not vary with sales volume. D) These costs are spread out over many years and sometimes different products.
Business
Good service recovery can turn angry customers into loyal ones
Indicate whether the statement is true or false
Business
A company that manufactures custom bridal gowns will use a job-order costing system to track production costs
Indicate whether the statement is true or false
Business
Answer the following statements true (T) or false (F)
Income tax allocation is grounded in the matching concept.
Business