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kari74 [83]
3 years ago
9

M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can

be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days. At December 31, 2021, M's unadjusted balance of liability for compensated absences was $27,600. M estimated that there were 200 total vacation days available at December 31, 2021. M's employees earn an average of $138 per day. After recording any necessary adjustment, in its December 31, 2021, balance sheet, what amount of liability for compensated absences is M required to report
Business
1 answer:
kicyunya [14]3 years ago
3 0

Answer:

$27,600

Explanation:

Here, at the end of December 2021, M's unadjusted balance of liability towards vacation days are found to be 200 Days. And also provided that, on an average, each employee will earn $138 per day.

The amount of Liability for compensated absences in M Corporation = 200 Days * $138 per day = $27,600

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Job 590 has a total cost of $29,200. It has been charged manufacturing overhead costs of $7200. The rate is 85% of direct labor.
Gnoma [55]

Answer:

$13,529= Direct material

Explanation:

Giving the following information:

Job 590 has a total cost of $29,200. It has been charged with manufacturing overhead costs of $7200. The rate is 85% of direct labor.

Total cost= direct material + direct labor + allocated overhead

29,200= DM + (7,200/0.85) + 7,200

29,200 - 7,200 - 8471= dm

$13,529= DM

7 0
3 years ago
In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.
ololo11 [35]
Salutations!

In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.

<span>In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of positive correlation. Positive correlation means that two or more thing are probable to happen at once.

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5 0
3 years ago
If the Federal Reserve announces that its target for the federal funds rate is rising from 4 percent to 4.25 percent, how do you
olganol [36]

Answer:

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Explanation:

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If banks reduce their loans, their capacity for creating money will also be reduced, lowering the consumption level and investment spending of both workers (households) and private firms.

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ANTONII [103]
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