What is the amount of vacation benefit expense

Assignment Help Accounting Basics
Reference no: EM131978170

Question - Employees earn vacation pay at the rate of one day per month. During the month of July, 19 employees qualify for one vacation day each. Their average daily wage is $94 per day. What is the amount of vacation benefit expense to be recorded for the month of July?

$1,786

$94

$19

$17,860

$178.60

Reference no: EM131978170

Questions Cloud

What is company warranty expense for the month of november : A company sells computers at a selling price of $1,450 each. What is the company's warranty expense for the month of November
What was the outcome of the situations : What were the strengths and weaknesses of each approach? Why do you think that particular approach was chosen and do you think it was the best choice?
What is the approximate percentage change in price of bond : What is the approximate percentage change in the price of bond if interest rates in the economy are expected to decrease by 0.60% per year?
An essay about any movie of my choice : An essay about any movie of my choice? Any era Any film Any genre. It doesn't matter what kinda film it is. Could be horror, action or romantic.
What is the amount of vacation benefit expense : Their average daily wage is $94 per day. What is the amount of vacation benefit expense to be recorded for the month of July
Think hard on what you accomplish : Think hard on what you accomplish. Either you think you can't or you can, you are right Be careful of what you wish for, it will come true.
Compute the number of units that must be sold : Compute the number of units that must be sold if advertising costs rise by 12,000 and a targeted profit of 120,000 is to be obtained
Can terrorism be justified : It is rough draft (arguementative essay). Please check it up for me. Can Terrorism be Justified?
Events of the french revolution : Explain the role of the Bastille before, during and after the events of the French Revolution.

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