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seropon [69]
2 years ago
12

Employees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensatio

n is paid at an hourly rate of $45, based on an eight-hour work day. Rayon’s first pay period is January. It is now April 30, how much vacation liability has accumulated if the company has four employees and no vacation compensation has been paid?
Business
1 answer:
MaRussiya [10]2 years ago
7 0

Answer: $5760

Explanation:

The accumulated vacation liability is calculated below:

Number of employees = 4

Number of months = 4 Months

Vaccation is based on = 8 hours

Per hour rate = $45

Accumulated Vacation liability will now be:

= 4 × 4 × 8 × $45

= $5,760

Therefore, the amount if vacation liability that has accumulated will be $5,760

You might be interested in
A business has the following items: - Land $1,500,000 - Machinery $30,000 - Cash $10,000 - Loan $500,000 - Owner’s equity? _____
vodomira [7]

Answer:

The owner's equity amounts to $1,040,000

Explanation:

The formula to compute the owner's equity is as:

Owner's equity = Assets - Liabilities

Where

Assets = Land + Machinery + Cash

= $1,500,000 + $30,000 + $10,000

= $1,500,000 + $40,000

= $1,540,000

Liabilities = Loan

= $500,000

Putting the values above in the formula:

= $1,540,000 - $500,000

= $1,040,000

6 0
3 years ago
The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
skad [1K]

Answer:

a. 480

Explanation:

The computation of the economic order quantity is given below:

EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

= 480 units

The carrying cost could be determined below:

= $4 × 25%

= $1

hence, the carrying cost is $1

Therefore the economic order quantity is 480

Thus, the correct option is a.

7 0
2 years ago
Net Games Corporation hires Holley, a minor, to create new customized game software for certain clients. Holley signs a contract
Nuetrik [128]

Answer:

because he was not a big boss voting in his own version and was just about the same questions that he was doing in his first place to help him out

8 0
3 years ago
A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach
Deffense [45]

Answer:

$42.5 billion

Explanation:

the expected value formula = ∑ (valueₙ x probabilityₙ)

expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)

= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion

8 0
3 years ago
Which statements are true according to the law of supply?
asambeis [7]
Increase in price leads to a decrease in supply.
5 0
3 years ago
Read 2 more answers
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