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An examiner of trainee chefs wanted to look at the underlying constructs of their 12 core culinary skills assessments.They ran a factor analysis with varimax rotation on the scores of the 12 assessments.Looking at the rotated factor matrix from their output below,how many variables load onto factor 1?
Adjusting Journal Entry
Adjustments made in the financial books at the period's end to accurately distribute profits and costs to the period they belong.
Net Income
The amount of money that remains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.
Assets
Resources owned or controlled by a business that are expected to produce future economic benefits.
Prepaid Rent
An asset account showing the amount of rent payments made ahead of time, indicating rent that has been paid but not yet incurred.
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