In a (An)________ Company,salaries and Benefits Make Up Over 70

question 76

Multiple Choice

In a (an) ________ company,salaries and benefits make up over 70% of the total costs.

• A)merchandising
• B)service
• C)manufacturing
• D)All companies have a high percentage of labor costs.

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Definitions:

Dividends Accounts

Dividends Accounts represent the financial accounts used by a company to record the dividends paid out to shareholders, reflecting the distribution of earnings.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of money, goods, or services.

Debit

A bookkeeping entry that triggers an increment in assets or a decrement in liabilities on a corporation's financial statement.

Accounts Receivable

Funds that are due to a company from its customers for goods or services delivered on credit.