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
Alja [10]
3 years ago
15

On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that

vacations earned each year can be taken the following year. For the year ended December 31, 2021, G's employees each earned an average of $720 per week. A total of 550 vacation weeks earned in 2021 were not taken during 2021. Wage rates for employees rose by an average of 7 percent by the time vacations actually were taken in 2022. What is the amount of G's 2022 salaries expense related to 2021 vacation time? Multiple Choice $396,000. $423,720. $0. $27,720.
Business
1 answer:
podryga [215]3 years ago
3 0

Answer:

$27,720

Explanation:

Calculation for the amount of G's 2022 salaries expense related to 2021 vacation time

First step is to find the Total salary expenses

G's employees earned average of $720 per week

Total vacation week in 2021 were not taken 550 week

Hence,

Total salary expense of G corporation = $720 per week × 550

Total salary expenses = $396,000

Second step is to calculate the salaries expense amount related to 2021 vacation time

Using this formula

Salaries Expense of G's 2022 = Total salary expenses × Wage rate

Let plug in the formula

Salaries Expense of G's 2022 = $396,000 × 7%

Salaries Expense of G's 2022

The amount of G's 2022 salaries expense = $27,720

Therefore the amount of G's 2022 salaries expense related to 2021 vacation time will be $27,720

You might be interested in
Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
gizmo_the_mogwai [7]

Answer:

Centralize decision making

Explanation:

From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.

Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.

5 0
3 years ago
Joe Loser enters into an investment scheme with some local bigwigs. To get Joe's money, these people lie to Joe about several pr
coldgirl [10]

15 is the answer to this question

7 0
3 years ago
XZYY, Inc. currently has an issue of bonds outstanding that will mature in 31 years. The bonds have a face value of $1,000 and a
Mamont248 [21]

Answer:

7.31%

Explanation:

The question is pointing at the bond's yield to maturity.

The yield to maturity can be computed using the rate formula in excel as provided below:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond would pay annual coupons which is 31

pmt is the annual coupon payment i.e $1000*8.0%=$80.00

pv is the current price of the bond which is $1,084

fv is the face value of the bond which is $1,000

=rate(31,80,-1084,1000)=7.31%

The yield to maturity is 7.31%

That is the annual rate of return for an investor that holds the bond till maturity.

3 0
3 years ago
When labor unions successfully bargain for wage rates that are _____ the equilibrium wage rate, they may cause _____. higher tha
Delicious77 [7]

Answer:

When labor unions successfully bargain for wage rates that are HIGHER THAN the equilibrium wage rate, they may cause AN INCREASE IN STRUCTURAL UNEMPLOYMENT.

Explanation:

When a labor union bargains for wages that are above equilibrium rate, this will produce the same effect as a price floor. The supply of labor will increase, while the demand for labor will decrease. This deadweight loss generated by high wages will result in an excess supply that will eventually lead to higher structural unemployment.

3 0
3 years ago
In a _________________________ economy, the individuals and the government share in the economic decision-making process. These
Fantom [35]

<u><em>Answer:</em></u>

<u><em>Mixed economy</em></u>

<u><em>Explanation:</em></u>

There are three types of Economies:

<u><em>Command Economy:</em></u>

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

<u><em>Free market:</em></u>

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

<u><em>Mixed Economy:</em></u>

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

<u><em>So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.</em></u>

6 0
2 years ago
Other questions:
  • Maria purchased 100 shares of JAX stock for $30 per share and sold this same stock one year later for $29 per share. She paid co
    10·1 answer
  • If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in
    9·2 answers
  • Ethical Work Climate reflects the ________ of the organization and shapes the ________ of its members.
    6·1 answer
  • LC Corp. has an old machine with operating costs of $164,200 per year and a net book value of $23,000. LC is looking at two repl
    14·1 answer
  • The ledger of Nash's Trading Post, LLC at the end of the current year shows Accounts Receivable $71,600; Credit Sales $865,890;
    15·1 answer
  • Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing
    7·1 answer
  • Compared to attending a technical school, completing a four year college degree allows you to
    14·2 answers
  • Prior to investing, you should..
    8·1 answer
  • Partnership XYZ distributed a piece of land in a nonliquidating distribution to Bob, a 50% partner, during the current taxable y
    12·1 answer
  • The function of marketing that tells customers where they can buy the product and how the product gets there is called
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!