Suma Corp Reported the Following Information for 2015 and 2016

question 108

Multiple Choice

Suma Corp. reported the following information for 2015 and 2016. Salaries payable, December 31, 2015 $3,700
Salaries payable, December 31, 2016 1,800
Salaries expense--2016 57,000
How much cash was paid for salaries during 2016?

• A) $55,100
• B) $55,200
• C) $57,000
• D) $58,900

Discuss the potential of urban gardening and perennial crops in enhancing food security.

Understand the impact of agriculture on land usage and its relationship to industrialization and population dynamics.

Understand the efficiency and environmental impact of different animal farming practices.

Grasp the global dynamics of commercial fishing and aquaculture.

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Definitions:

Point System

A method for evaluating or ranking options based on the allocation of points to criteria deemed important.

Compensable Factors

Elements of a job that are used to determine its value and appropriate compensation, including factors like skill level, effort, responsibility, and working conditions.

Job Evaluation

A systematic process for assessing the relative worth of jobs within an organization to establish fair compensation.

Salaries and Wages

Financial compensation provided to employees for their labor, with salaries typically being a fixed annual amount and wages being based on hours worked.