If Salaries and Wages Expense Is $450,000 During the Year

question 197

Multiple Choice

If Salaries and Wages Expense is $450,000 during the year and the beginning and ending balances of Salaries and Wages Payable are $18,000 and $16,500,respectively,the cash paid to employees is:

• A) $450,000.
• B) $433,500.
• C) $448,500.
• D) $451,500.

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Definitions:

Muffins

Small, baked goods often sweetened and available in various flavors, serving as a quick breakfast or snack option.

Price

The amount of money required to purchase a good, service, or resource.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by choosing differently.

Pizza

A popular dish of Italian origin, consisting of a flat, round base of dough baked with a topping of tomato sauce and cheese, often with added meat, fish, or vegetables.