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
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.

You might be interested in
IM WASTING 50 POINTS SO PLEASE ANSWER!
Leto [7]

Answer:

One of the key aspects of choosing the best career is by thinking about yourself. Many people in your life can tell you what you should do, or what they think you’d be good at, but the only person who truly knows which career is best, is yourself.

Start by thinking about your passions and what you’re interested in. If you have a love for writing, a career in construction, for example, may not be the best fit. Instead, you’d look at more creative fields such as journalism, copywriting or even creative writing. Knowing and discovering what you enjoy and feel passionate about will give you a strong start to discovering a career path for you.

I hope this will help you,

God blessed you

4 0
2 years ago
Read 2 more answers
Chen Company’s Small Motor Division manufactures a number of small motors used in household and office appliances. The Household
liq [111]

Answer:

a. $11

b. $35

c. If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

Explanation:

The minimum acceptable price is the price that is acceptable to the transferring division and out of a range of acceptable prices, it is that which would be the best for the company.

When there is excess capacity.

Note : No opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11

When there is excess capacity.

Note : Opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11 + ($35 - $11 )

                                            = $35

Why Capacity of transferring division (Small Motor Division) has an effect on the transfer price.

If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

3 0
2 years ago
Burnett Corp. pays a constant $8.15 dividend on its stock. The company will maintain this dividend for the next 12 years and wil
PolarNik [594]

Answer:

$52.91

Explanation:

With regards to the above, we will apply the dividend discount model to come up with the price for share.

Under the dividend discount model, the price for share represents the present value of all its future dividend discounted at the required rate of return.

Since the share has 12 annual equal dividend payments of 8.15 each year, while the required rate is 11%, we can apply the below annuity to arrive at the share price.

(8.15/0.11) × [ 1- 1.11^(-12) ] = $52.91

Therefore, the current share price is $52.91

5 0
2 years ago
Both consumers and organizational buyers purchase products online but ______. Multiple choice question. only two of the three ki
luda_lava [24]

The answer to this question is, "a much larger percentage of the total dollars sold online are organizational transactions."

Hope this helps!

5 0
2 years ago
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can
ale4655 [162]

Answer:

correct option C. increase production.

Explanation:

given data

producing  = 37 units  

marginal cost MC = $3  

sell MR = $5  

solution

the profit is maximum at MR = MC   ..............1

and here MR = $5 and MC = $3

then production should be increased up to the  MC = MR = $5

so correct option is C. increase production

8 0
3 years ago
Other questions:
  • Rachel plans to set up a beautifully furnished office for her interior decorating business. She will describe it in her business
    14·2 answers
  • In the long​ run, a perfectly competitive market will A.supply whatever amount consumers demand at a price determined by the min
    9·1 answer
  • It is possible to use a decision making process for any decision.
    11·2 answers
  • You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i
    15·2 answers
  • Explain why accurate measurement is so important in baking.
    7·1 answer
  • On January 1, 2020, Harter Company had Accounts Receivable $139,000,
    10·1 answer
  • Company has 10,000 shares of $100 par value 8% preferred stock and 50,000 shares of $10 par value common stock outstanding at De
    9·1 answer
  • You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the atten
    14·1 answer
  • special - time order for 15,000 bird feeders at $ 3,50 per unit Bluebird currently produces and sells . This level represents 80
    9·1 answer
  • Question 8 of 10
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!