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
34kurt
3 years ago
11

During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $

45,000 and $36,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid over the next 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
Business
1 answer:
lorasvet [3.4K]3 years ago
5 0

Answer:

The total cost of vacation pay and pension rights to be recognized the first year is $0

Explanation:

The vacations are expected to be taken the following year for which the vacation pay would be made and the pension rights are expected to be paid over the next 5-30 years. So, no cost is recognized in the first year

You might be interested in
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NNADVOKAT [17]
I think maybe A, hope it helps!
5 0
3 years ago
Read 2 more answers
Shirley was laid off by her employer. What benefit is she entitled to receive?
belka [17]

She would receive unemployment

7 0
3 years ago
Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator
babymother [125]

This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions. The situation perfectly implies that costs will be incurred to ensure efficient and effective flow of processes. This theory also applies to all business strategies of companies.</span>

6 0
3 years ago
"You need to have $15,000 in five years to pay off a home equity loan. You can invest in an account that pays 5.75 percent compo
Nana76 [90]

Answer:

I have to invest $11364.

Explanation:

The formula of Compound Interest is:

A = P(1+\frac{r}{n})^{nt}

where A = Amount

P = Principle

r = rate

n = Number of Compounding per year

t = total number of year

Here, A = 15000, r = 5.75% = 0.0575, n = 4(quarterly), and t = 5.

Putting all these values in above formula:

15000 = P(1+\frac{0.0575}{4})^{4\times5}

⇒ 15000 = P(\frac{4.0575}{4})^{20}

⇒ 15000 = P(1.014)^{20}

⇒ 15000 = P(1.320)}

⇒ P = 11364

Hence, I have to invest $11364 for 5 years.

4 0
3 years ago
Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i
ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

Quantity         Price per pound             Total

10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

5 0
2 years ago
Other questions:
  • The going concern assumption of GAAP implies that the firm: __________
    11·1 answer
  • On March 28, 2008, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, D
    6·1 answer
  • The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality
    9·2 answers
  • The Pie ________ command can be used to move individual slices of a pie away from the center, emphasizing individual value.
    7·1 answer
  • Sprouts Corporation reported net cash provided by operating activities of $412,000, net cash used by investing activities of $25
    5·1 answer
  • The degree of financial leverage for ABC Inc. is 2.5, and the degree of financial leverage for XYZ Corporation is 1.5. According
    11·1 answer
  • in a 351$ transfer grebe corporation receives property in exchange for stock. Will grebes holding period for the porperty be the
    8·1 answer
  • In your own words, define “ study habits.”
    15·2 answers
  • Which of the following is an example of internal data in a marketing
    11·1 answer
  • A hurricane has recently disrupted supply chains and manufacturing plants in the Southeastern United States. How would this
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!