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
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

You might be interested in
Arrange the steps to show the effects of contractionary fiscal policy. Tiles Inflationary pressure decreases. Government increas
lana [24]
<span>Government increases the tax rate.
Consumers have less money to spend.
</span>Producers manufacture fewer goods.
Inflationary pressure decreases.<span>

</span>
7 0
3 years ago
Read 2 more answers
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
You've Just Created a Business. Congratulations ! Now That You Have Everything In Place You Need To Figure Out what Kind Of Busi
vladimir2022 [97]
The first step is too come up with a plan.Then paperwork that your are going need. Make sure you have transportation etc.
6 0
3 years ago
An insurance applicant MUST be informed of an investigation regarding his/her reputation and
murzikaleks [220]

Answer:

Fair Credit Reporting Act is the correct answer.

Explanation:

7 0
3 years ago
Why did credit unions survive the last financial crisis better than banks?
masya89 [10]

Answer: they had more security

Explanation:

5 0
4 years ago
Other questions:
  • Trial Balance September 30, 2022
    6·1 answer
  • The following transactions occurred during July: received $900 cash for services provided to a customer during July. Issued comm
    8·1 answer
  • In her first few weeks at the marketing division of Rolland Retails, Judith Cox realized that Joshua, Doug, and Carl were closer
    10·1 answer
  • "An investor has sold short stock worth $80,000 in a margin account, depositing the Regulation T margin requirement. If the mark
    11·1 answer
  • Supply is the amount needed.<br> O True<br> O False
    10·2 answers
  • In which step of the production process are
    9·1 answer
  • Employers prefer to review a___ resume when the history is the most important consideration. A) targeted b) combination c) chron
    8·1 answer
  • A chemical reactor gives a fractional conversion of only 10% of the expensive limiting reactant in the feed stream. Assuming not
    6·1 answer
  • If you have not been obligating your funds according to your obligation plan, you may become a prime candidate for losing your f
    6·1 answer
  • What is another name for interest group?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!