The potential advantages of extending credit to customers include all of the except higher Wage Expenses.
The cost that businesses incur to pay hourly employees is known as a wage expense. In addition to payroll taxes and employee perks, this line item may also include them. In the income statement's expenditure section, a wage expense could be listed as a line item. This kind of expense is changeable.
Wage costs are occasionally broken down by department, and the production department is most likely to receive a separate report. This division frequently has the highest percentage of hourly workers. The cost of goods sold (COGS) line item on the income statement, however, may include pay costs for production personnel.
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