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expeople1 [14]
3 years ago
6

M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can

be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days. At December 31, 2021, M's unadjusted balance of liability for compensated absences was $28,200. M estimated that there were 200 total vacation days available at December 31, 2021. M's employees earn an average of $141 per day. In its December 31, 2021, balance sheet, what amount of liability for compensated absences is M required to report
Business
1 answer:
Irina-Kira [14]3 years ago
3 0

Answer: $28,200

Explanation;

There are 200 vacation days available as at December 31, 2021.

The liability compensated absences will be the amount that M Corp. owes employees should they take those 200 vacation days.

= 200 * 141 per day

= $28,200

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A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.006 for each fastener manufactured. A newer
ycow [4]

Answer:133333 units

Explanation:

Given

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5 0
3 years ago
suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef
sergiy2304 [10]

Answer:

Workshop and seminars

Reward for innovation

Explanation:

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6 0
3 years ago
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Answer:

c. Persistent excess capacity

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melomori [17]

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6 0
3 years ago
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