The salary paid to the president of a company would be classified on the income statement as a(n):
A. administrative expense.
B. manufacturing overhead cost.
C. direct labor cost.
D. selling expense.
Answer: A
You might also like to view...
Professionalism includes knowing how to contribute to a larger cause, and includes ________
A) Being positive B) Being ethical C) Being a team player D) Being dependable E) Being respectful
The NLRB does not look to the degree of control and direction exercised by the firm over the worker to determine whether the worker is an employee or an independent contractor
Indicate whether the statement is true or false
If the current inflation rate is 3.6% and you have an investment opportunity that pays 10.9%, then the real rate of interest on your investment is closest to ________
A) 8.5% B) 9.9% C) 11.3% D) 7.0%
A management emphasizing theoretical and social values would not include which of the following as an objective?
a. lower margins b. misleading advertising c. maintenance of honest relations with suppliers, dealers, and employees d. high standards in testing products for quality