What additional compensation expense recorded

Assignment Help Accounting Basics
Reference no: EM133076863

Question - Vaughn provides its employees 3 weeks of paid vacation per year. As of December 31, 55 employees have earned 3 weeks of vacation time to be taken the following year. The average weekly salary for these employees is $780. The compensated absences were properly accrued at Dec. 31. If the 55 employees each take 2 weeks of vacation in the following year, when they are being compensated at an average weekly salary of $820, what additional compensation expense will need to be recorded when the employees took the vacation time?

a. $0

b. $4,400

c. $120,000

d. $90,200

Reference no: EM133076863

Questions Cloud

Create a training plan for the organization : Create a training plan for the organization that includes how you will evaluate training needs, how it fits into the performance management scheme
How much more money could you accumulate : How much more money could you accumulate by age 67 versus at age 62? State your answer as a dollar amount with two decimal places
Kinds of cultural differences matter when organizations : What kinds of cultural differences matter when organizations from different countries merge?
What is the maturity value of the note : Question - On June 8, Williams Company issued an $73,542, 12%, 120-day note payable to Brown Industries. What is the maturity value of the note
What additional compensation expense recorded : If the 55 employees each take 2 weeks of vacation in the following year, what additional compensation expense will need to be recorded
Advantages and disadvantages for Kronos : What are the advantages and disadvantages for Kronos of its boomerang hire program - Think of the previous jobs you have held. Are there any previous employers
What is the total tax due upon sale : Assuming a 25% tax rate for recaptured depreciation and a 20% rate for capital gains, what is the total tax due upon sale
What is taxable income of partnership in current income : What is the taxable income of the partnership in the current income year, and what are the total distributions to each partner
What is the allocation of basis : A developer buys a property for $3,000,000 and has acquisition costs of $75,000. What is the allocation of basis between the land and building improvements

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