What is the difference between a salary and a draw?

What will be an ideal response?


A salary is a regular payment of an agreed-upon amount as compensation for work performed. A draw is money received in anticipation of future earnings. A draw is usually reserved for workers in some sort of commission-based compensation or individuals paid monthly.

Business

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A(n) ________ coalition operates for a short time and is usually focused on a single issue or problem and the coalition disbands when their objectives are met.

Fill in the blank(s) with the appropriate word(s).

Business

Identifying the need for a new capital investment is the last step in the six-step process of capital investment analysis

Indicate whether the statement is true or false

Business

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $30,000. What is Saturn's capital balance after closing Income Summary to Capital?

A) $102,500 B) $120,000 C) $112,500 D) $127,500

Business

In a team presentation, which task is the coordinator NOT responsible for?

a. moderating the discussion b. summarizing the presentation c. answering the audience's questions d. introducing the presentation and team

Business