Use the Following Information to Calculate Cash Paid for Wages

question 108

Multiple Choice

Use the following information to calculate cash paid for wages and salaries: $$\begin{array} { | l | r } \text { Salaries expense } & \$ 168,000 \\\hline \text { Salaries payable, January 1 } & 6,400 \\\hline \text { Salaries payable, December 31 } & 10,600\end{array}$$

• A) $172,200.
• B) $157,400.
• C) $168,000.
• D) $163,800.
• E) $174,400.

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Definitions:

Expected Excess Return

The return on an investment over the risk-free rate of return that is anticipated based on risk assessment.

Beta Coefficient

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates more volatility than the market.

One-Factor APT

A model that describes financial markets and attempts to predict the returns of securities with a single factor, usually related to economic risk.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating volatility.