Ask Question
BusinessBusiness
24 April, 14:00

Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day. what is the amount of vacation benefit expense to be recorded for the month of july?

+3
Answers (1)
  1. 24 April, 15:23
    0
    We let x be the amount of vacation benefit expense that has to be recorded for the month of July.

    The equation that allows us to answer this question is,

    x = (32 employees) x ($107 / employees)

    x = $3,424

    The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why do scientists often review one another's work before it is published?
Answers (1)
It is important to shop around for credit because banks and financial institutions? 1 have varying credit histories. 2 charge different fees 3 follow different laws. 4 have varying discriminatory policies.
Answers (2)
What form of entry tends to be used for the vast majority of services, approximately 85%, to enter a foreign market? agent intermediaries licensing, franchising, or direct investment exporting importing?
Answers (1)
Country x would have an absolute advantage over country y in the production of automobiles under what conditions?
Answers (1)
Who argued that national governments should increase their spending to stimulate the economy during an economic recession?
Answers (1)
New Questions in Business
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
Home » Business » Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day.
Sign Up Forgot Password?