1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
In market economy a high price is a signal for Group of answer choicesproducers to supply less and consumers to buy more produce
juin [17]

Answer:

producers to supply more and consumers to buy less

Explanation:

In market economy a high price is a signal for consumers producers to supply more and consumers to buy less .

<u>Since a market economy allows the free interplay of supply and demand, it ensures that the most desired goods and services are produced. </u>

<u>Since the market allows the free interplay of supply and demand, then the law of demand holds that </u>'consumers are willing to buy more at a lower price and suppliers are willing to supply more at a higher price.

5 0
3 years ago
A $10,000 face value Treasury bond is quoted at a price of 101.6533 with a current yield of 4.87 percent. What is the coupon rat
musickatia [10]

Answer:

D) 4.95 percent

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield=coupon payment/current market price

current yield=4.87%

coupon payment=unknown

current market price=101.6533%*$10,000

current market price=$10,165.33  

4.87%=coupon payment/$10,165.33  

coupon payment=$10,165.33 *4.87%

coupon payment=$495.051571

coupon rate=coupon payment/face value

coupon rate=$495.051571 /$10,000

coupon rate=4.95%

4 0
3 years ago
Which quote best represents a person performing a cost-benefit analysis​
sergiy2304 [10]
I need help on that too
4 0
3 years ago
A higher required reserve ratio​ _________ the value of the simple deposit multiplier.
Sergio [31]
The answer to this question is decreases
<span>required reserve ratio refers to a certain amount of depositors' money that the banks need to have available on their hand.
</span><span>simple deposit multiplier. refers to the amount of money  that the bank does not hold as excess reserve.
When the amount of cash that need to be held is lower, the amount of excess will also tend to be lower</span>
3 0
3 years ago
Kim Jordan says that she believes that "to whom much is given, much is expected." This statement speaks of her personal convicti
Marrrta [24]

Answer:

Instrumental values.

Explanation:

The two types of values that exist are terminal values and instrumental values. Terminal values are the ones people consider of the greatest importance and desire the most. These consist of goals sought after by individuals during their whole life, such as happiness, recognition, professional success, and more. On the other hand, instrumental values relate to beliefs about what are right means to fulfilling the terminal values, such as honesty, sincerity, ethics, etc. These values have more relation to the characteristics of their personality and character.

6 0
3 years ago
Other questions:
  • Which type of innovation occurs when the new product is released to the public?
    12·2 answers
  • Increased size of financial institutions resulting from financial consolidation increases the ________ problem, because there ar
    7·1 answer
  • Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. T
    8·1 answer
  • Which ics function is responsible for documentation for mutual aid agreements?
    14·2 answers
  • Name and describe the type of economy a country will have when the central government makes all the economic decisions
    13·1 answer
  • According to the residual theory of​ dividends, if a​ firm's equity need exceeds the amount of retained​ earnings, the firm woul
    10·1 answer
  • Having recently purchased a new computer, Jake will invest in _____ that will protect his computerfrom data corruption, pop-up a
    8·1 answer
  • What is a service contract between a vendor and a client that specifies what services will be provided, the responsibilities of
    7·2 answers
  • After you are done taking notes from a speaker, you should _____.
    15·1 answer
  • Why do people start any occupation? Write down in brief.​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!