Determine what vacation time is outstanding

Assignment Help Accounting Basics
Reference no: EM132736101

Question - Dale worked full-time for his employer for almost 2 years and decided to resign.

His vacation entitlement was accrued during his tenure and was based on two weeks, during his first two years of employment and was increased to three weeks on September 1st 2018.

Dale had taken only two weeks of vacation, during the summer of 2018.

The vacationable year of the company is designated from Sept 1st to Aug 31st.

Dale's year-to-date earnings were as follows;

Sept 1, 2016 to Aug 31, 2017 = $10,250 (employment start date Mar 1, 2017)

Sept 1, 2017 to Aug 31, 2018 = $24,500

Sept 1, 2018 to Aug 31, 2019 = $7,750 (employment end date Oct 31, 2018)

Required -

a) Determine what vacation time (in # days) is outstanding.

b) Determine what vacation pay (in $ dollars) is accrued.

Reference no: EM132736101

Questions Cloud

Differences in expected rates of return on two investments : Which investment would you select based on the differences in expected rates of return on the two investments?
How do determine what is the expected rate of return : An investment has a 10% chance of returning 20%, a 70% chance of returning 10%, and a 20% chance of returning nothing. What is the expected rate of return?
Develop a moral argument to persuade stakeholders : In Unit 1, you identified recent technological advancements that have impacted human beings. In Unit 2, you analyzed the life cycle of a social problem related.
Demonstrate professional standards of practice : Exemplify professionalism in diverse health care settings. Demonstrate professional standards of practice.
Determine what vacation time is outstanding : Sept 1, 2016 to Aug 31, 2017 = $10,250 (employment start date Mar 1, 2017). Determine what vacation time (in # days) is outstanding
BL2014 Tissues to Organisms and Physiology & Pharmacology : BL2014 Tissues to Organisms and Physiology & Pharmacology Assignment Help and Solution, University of Central Lancashire - Assessment Writing Service
What are the open-to-buys at retail and at cost : $258,600.00 in merchandise and $74,700.00 worth of stock is still on order. What are their open-to-buys at retail and at cost if the initial markup% is 55%?
Discuss hazard clustering including how do hazards cluster : Provide an approximate 1500-word document analyzing important concepts in the readings. Assume that you are writing for an uninformed reader that knows nothing.
Compute what the direct materials cost variance is : The standard price is $3.75 per pound. If 15,000 units used 35,000 pounds, which were purchased at $4.00 per pound, the direct materials cost variance is

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd