Answer: Assuming all of the following expenses have priority we can order them like this : Administrative expenses, employee claims for wages, unpaid taxes, claims for the return of customer deposits.
Step-by-step explanation:
Administrative expenses are non-technical expenses necessary for the basic operation of a company. These expenses are vital to the success of the organization, are usually fixed as they are used for the basis of commercial operations.
Some examples could be :
- Salaries and benefits for employees.
- Accounting department.
- Executive compensation .
- Insurance, subscriptions, public services and office supplies .
In second place is important to pay the salaries because the employee are our main team for keeping the company running .The monthly salary received by the workers as consideration for their work allows them to cover their needs for food, housing, transportation, clothing and recreation, among others. It is an important element for the life of every person since it allows their personal development and that of their family.
About the unpaid taxes we can say that if we don`t pay electricity and the government cut it , we will not be able to work anymore , that is why is also a relevant point on the order of expenses . Failure to pay taxes prevents the government from allocating sufficient resources to meet the needs of society, so it is essential that we comply with this obligation.
Finally we reach the claims for the return of customer deposits. Even if we don`t want to loose customers we can organize in some how a way to bring back the deposits in order to for them to be satisfy and for this to don`t be big impact for the company (for example in several month if both parts are agree).