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
meriva
2 years ago
15

Annually, Monet Corp. awards each of its employees two weeks of paid vacation, which can be carried over if not used. As of Dece

mber 31, Year 1, the company determined that there are 20 vacation weeks eligible for carryover. During Year 1, compensation averaged $1,000 per week. That average compensation amount is expected to increase to $1,030 during Year 2 when that vacation time will be taken. What is the liability that should be reported for vacation pay in the company’s balance sheet prepared as of December 31, Year 1?
Business
1 answer:
Zina [86]2 years ago
5 0

Answer:

$20,000

Explanation:

Calculation for the liability that should be reported for vacation pay

Using this formula

Liability=Vacation weeks*Compensation averaged per week for Year 1

Let plug in the formula

Liability=20 weeks × $1,000 per week

Liability = $20,000

Therefore the amount of liability that should be reported for vacation pay will be $20,000

You might be interested in
Write the importance of flower farming in Nepal in point​
Dvinal [7]
Importance of flower cultivation is increasing day by day in Nepal because they understood the income which can be generated by floriculture and the soil also permits the cultivation of the plants at a large scale.
7 0
3 years ago
10. ________________ is the extent to which employees have positive or negative feelings about various aspects of their work.
lozanna [386]

Answer:

A. Job satisfaction

Explanation:

Job satisfaction can be influenced by a number of significant factors. There may be motivation or lack of motivation according to the working conditions, such as job perception, management, organizational culture, reward system, etc.

There needs to be active management to analyze what are the main factors that affect job satisfaction in an organization, so that there is greater motivation, productivity, positive business climate, ethical behaviors, etc.

5 0
2 years ago
What was the four-firm concentration ratio in the u.s. soda market in 2009?
Igoryamba
<span>the four-firm concentration ratio in the u.s. soda market in 2009 are as follows Coca cola -42.7% Pepsi - 30.8% Dr.pepper snapple group - 15.3 % Royal crown - 2.1 % From the above data we can clearly find that Coke has an uphill battle—they have huge amounts of marketing muscle, financial resources.Against Coke and Pepsi, guerrilla warfare is the only thing that might work.</span>
8 0
3 years ago
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
allochka39001 [22]

Answer:

OB. Gross Purchases.

Explanation:

Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns),  discounts and allowances received.

Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.

Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.

4 0
2 years ago
Someone please help me out here
trapecia [35]

Answer:

Pretty sure that's false

6 0
2 years ago
Other questions:
  • Broihan Corporation has the following purchases budget for the last half of 2002:
    12·1 answer
  • You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three sup
    5·1 answer
  • Select the correct statement regarding fixed costs. Multiple Choice
    6·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • In December 2015​, Apple had cash of $ 38.53 ​billion, current assets of $ 76.36 ​billion, and current liabilities of $ 76.41 bi
    8·1 answer
  • A firm's operations drive its structure. <br> a. True <br> b. False
    12·1 answer
  • The following information pertains to the Engineering department: Units Materials Completion % Conversion Completion % Work in p
    15·1 answer
  • A client who has been training at high intensities in preparation for a triathlon reports joint pain, excess fatigue, and the in
    8·1 answer
  • Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area loo
    7·1 answer
  • Read the excerpt from a folktale.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!