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enot [183]
3 years ago
13

Kane Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (t

hat is, an employee is entitled to the pay even if employment terminates). During 2021, total salaries paid to employees equaled $880,000, including $17,000 for vacations actually taken in 2021 but not including vacations related to 2021 that will be taken in 2022. All vacations earned before 2021 were taken before January 1, 2021. No accrual entries have been made for the vacations. No overtime premium and no bonuses were paid during the period. The adjusting entry for vacations earned but not taken in 2021 will:
Business
1 answer:
AnnyKZ [126]3 years ago
7 0

Answer and Explanation:

The Journal entry is shown below:-

Vacation Benefits Expense Dr, $4,575

($21,575 - $17,000)

       To Vacation Benefits Payable $4,575

(Being benefit earned but not taken is recorded)

Working Note

The total wages earned excluded benefit paid

= $880,000 - $17,000

= $863,000

Actual vacation benefit

= $863,000 × 1 ÷ 40

= $21,575

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Dulce Company produces chocolate. Each pound of chocolate requires 400 cocoa beans (the unit quantity standard) and 0.15 labor h
Nostrana [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Each pound of chocolate requires 400 cocoa beans and 0.15 labor hours.

During the year, 480,000 pounds of chocolate was produced.

First, we need to calculate the number of cocoa beans required to produce 480,000 units.

Number cocoa beans= 480,000*400= 192,000,000 cocoa beans.

Now, the hours of labor required.

Direct labor allowed= 480,000*0.15= 72,000 hours

5 0
3 years ago
write a paragraph (5-7 sentences) that explains what circular invention you think is the most important
natulia [17]

Answer:

The wheel is considered to be man's greatest invention

Explanation:

And the printing press

7 0
3 years ago
An example of automatic fiscal policy is Question 19 options: the unemployed automatically become eligible for unemployment bene
daser333 [38]

Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

4 0
3 years ago
The NGO decided to give out brochures to the villagers about how they can protect themselves from water borne diseases. Since th
Naddik [55]

Answer:

B.

Explanation:

Based on the scenario being described within the question it can be said that NGO has adapted the research technique of Copy Testing, in order to understand the education level of the audience. This technique field of research that focuses on determines an advertisement's effectiveness based on consumer responses, feedback, and behavior.

4 0
3 years ago
Read 2 more answers
You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?
TiliK225 [7]
Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years
3 0
3 years ago
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