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You Are the Accountant for Klemmer Corporation

question 211

Essay

You are the accountant for Klemmer Corporation. At the company's year end, December 31, 2020, you discover there is an amount of $30,000 that has been earned by Klemmer but not yet billed to its customers by the year end. Laura Klemmer, the owner, tells you not to bill the customers as it is company policy not to bill customers until February 2020, well after the Christmas holidays. Klemmer has sales staff that are paid a bonus at year end on sales revenue billed.
-Describe the relationship between sales (or revenues), expenses, and profit.


Definitions:

Spermatogenesis

The process of sperm cell development, occurring within the male gonads or testes.

Spermatozoa

Male reproductive cells or sperm, capable of fertilizing an egg in sexual reproduction.

Rete Testis

A network of tubules located in the testis that functions in the transport of sperm from the seminiferous tubules to the efferent ducts.

Epididymis

A long, coiled tube that stores sperm and transports it from the testes.

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