A Landscaping Company Operates Five Days Per Week with a Daily

question 105

Multiple Choice

A landscaping company operates five days per week with a daily payroll of $16,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday) . The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3?

• A)$ -0-
• B)$48,000
• C)$32,000
• D)$80,000

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points.

Expected Value

A calculation in probability theory representing the average outcome one can expect from a random event, when considering all possible outcomes and their probabilities.

Variance

A statistical measure that represents the dispersion or spread of a set of data points around their mean.

Laws of Expected Value

Theorems in probability theory that describe the behavior of the expected value of a random variable, including properties like linearity.