A stabilized budget is:

A. budget that forecasts income/expense and can br projected over a short period of time (usually 5 years).
B. budget for annual depreciation and non-cash items
C. budget to plan for financing long-term outlays, such as fixed assets (i. e. facilities and equipment)
D. annual budget which includes income/expense for ongoing operations

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Sole proprietorships produce more goods and services than does any other form of business organization.