Answer: $20,000
Explanation: This question deals with Compensated Absence.
A compensated absence refers to paid holidays and other paid time off. According to accounting principles, expenses are recognized in the same period they are incurred. When it comes to compensated absences that are deferred to a later year (or period), the amount must be recorded as a liability in the year they are incurred.
Because of this, $40,000 (an average of $800 per week for a total of 500 vacation weeks) will be charged to 2021 expense as a liability.
The amount of salaries expense related to 2022 compensated absence is the average 5% pay rise in 2022.
The amount is therefore 5% X $800 X 500 weeks = $20,000
Answer:
It would be positive but might be either decreasing or increasing
Explanation:
Total utility (TU) is the utility which is defined as the aggregate satisfaction received or gained through consuming the given aggregate quantity of the good and service.
Marginal utility (MU), is the one which is defined as the satisfaction received from consuming an extra or additional unit or quantity of the specific good or service.
So, when the aggregate utility is increasing, then the marginal utility would be positive but might be either decreasing or increasing.
Answer:
Normal goods
Explanation:
In simple words, normal goods refers to the goods which re necessary for the survival for the survival for re consumer and the consumer do not take its quality into consideration while making a purchase decision.
The demand for such goods have a positive relationship with the income of consumer, that is, when the income or wages of consumer increase the demand for such goods also increases and vice versa.
The increase in demand for normal goods by consumer is sometimes also seen as an indicator of an economic growth. Clothes, vegetable and medicines are some of the many examples of normal goods.
<span>Salary is the correct answer. </span>
Answer:
measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.
Explanation:
According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
