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mafiozo [28]
2 years ago
14

The following information pertains to Rik Co.'s two employees: Name Weekly salary Number of weeks worked in 2005 Vacation rights

vest or accumulate Ryan $800 52 Yes Todd 600 52 No Neither Ryan nor Todd took the usual two-week vacation in 2005. In Rik's December 31, 2005, financial statements, what amount of vacation expense and liability should be reported
Business
1 answer:
Lapatulllka [165]2 years ago
8 0

Answer: $1600

Explanation:

From the information given, it can be noted that while Ryan is vested, on the other hand, Todd isn't vested.

Therefore, since the vacation is for two weeks, the amount of vacation expense and liability should be reported will be for Ryan alone and this will be:

= $800 × 2

= $1600

In this case, service has already been rendered ans there's accumulated rights, therefore a vacation expense and liability of $1600 should be reported.

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Answer:

c. $0.6

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Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

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2 years ago
What element of the G3 15 can users control from Alienware Command center (select all that apply)
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3 years ago
A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase
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<u>Statement of cash flows for the company</u>

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7 0
2 years ago
An increase in input prices causes:___________
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