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BigorU [14]
3 years ago
11

Employees earn vacation pay at the rate of one day per month. During the month of July, 28 employees qualify for one vacation da

y each. Their average daily wage is $103 per day. What is the amount of vacation benefit expense to be recorded for the month of July?
a) $26,250
b) $175
c) $2100
d) $63,875
e) $150
Business
2 answers:
Stells [14]3 years ago
7 0

Answer:

$2884

Explanation:

Given that:

  • 28 employees qualify for one vacation day each
  • Average daily wage is $103 per day

So he amount of vacation benefit expense to be recorded for the month of July:

= number of employees * average daily wage

= 28*$103  

= $2884

LUCKY_DIMON [66]3 years ago
7 0

Answer:

The answer to this question is not in the options provided.

The vacation benefit expense to be recorded for the month of July is $2,884.

Explanation:

The amount of vacation benefit expense to be recorded is calculated by multiplying the number of employees with the number of vacation days and the average daily wage per day. This is shown below:

Vacation benefit expense = 28 employees × 1 day × $103 per day

                                            = $2,884.

Therefore, the benefit expense to be recorded for July is $2,884.

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Suppose the price of gasoline decreases from $4.20 to $2.00, and in response quantity demanded increases from 10600 to 11200. Us
Tems11 [23]

Answer:

0.079

Explanation:

Price elasticity of demand using midpoint formula can be calculated as follows

Formula

Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)

Calculation

Elasticity of demand = (600/10,900)/(-2.1/3.05)

Elasticity of demand =-0.055 / -0.688

Elasticity of demand =-0.079

working

Change in price (2-4.1) = -2.1  

Average price (2+4.1)/2=3.05

Change in quantity (11,200-10600) = 600

average quantity (11,200+10,600)/2 = 10,900

 

The elasticity of demand is inelastic as the elasticity is below 1.

4 0
3 years ago
1. A creditor's claim to the property of an individual or business is called
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Answer:

c. liabilities.

Explanation:

liabilities are the creditors claims to the assets of the business/property.

7 0
2 years ago
He formal decision-making process used when considering the economic feasibility of implementing information security controls a
mrs_skeptik [129]

He formal decision-making process used when considering the economic feasibility of implementing information security controls and safeguards is called a CBA

WHAT IS A CBA ?

CBA stands for cost benefit analysis .

Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore.

The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.

It has the following benefits -

  1. Increased income and sales as a result of greater production or new goods.
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On July 16, 2017, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400
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Answer:

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Building 400,000

B.Land $100,000

Building 395,292

Explanation:

a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:

Land $100,000

Building 400,000

b. What will be Logan adjusted basis at the end of 2017 :

Land will be: $100,000

Building will be :395,292

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Thus the Depreciation is a capital recovery.

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When designing a management support system, using a(n) ____ can help reduce frustration.
DiKsa [7]

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A progress bar is used to indicate the progress of a task. For example, when uploading or downloading something from the internet, it's a good idea to show the download/upload progress to the user. Android has a class called ProgressDialog that can be used to create a progress bar.

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