Homework Answers
Solution:
Vacation liability at the end of 2017 = Nos of employees * Nos of leaves accumulated at the end of year per employee * hours per day * Wages rate per hour = 80*12*8*$13 =$99,840
Vacation liability at the end of 2018 = 80 * (12+3)*8*$16 = $153,600
Hence last option is correct.
Add Answer to:
A company gives each of its 80 employees (sume they were all employed continuously through 2017...
A company gives each of its 50 employees (assume they were all employed continuously through 2017...
A company gives each of its 50 employees (assume they were all employed continuously through 2017 and 2018) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2017, they made $36 per hour and in 2018 they made $39 per hour. During 2018, they took an average of 9 days of...
A company gives each of its 20 employees (assume they were all employed continuously through 2016...
A company gives each of its 20 employees (assume they were all employed continuously through 2016 and 2017) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2016, they made $17.50 per hour and in 2017 they made $20 per hour. During 2017, they took an average of 8 days of...
Please help me solve this problem, and provide the steps so i can learn. Thank you!! A company gives each of its 65 empl...
Please help me solve this problem, and provide the steps so i
can learn. Thank you!!
A company gives each of its 65 employees (assume they were all employed continuously through 2017 and 2018) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2017, they made $29 per hour and in...
SU SUw supporting computations. Points will be deducted if you do not show your WUERE 1....
SU SUw supporting computations. Points will be deducted if you do not show your WUERE 1. Beginning on January 1, 2019 a company elected to give each of its 50 employees (assume they were all employed continuously through 2019 and 2020) 10 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. All unused days at the end of one year...
Waterway Industries has 65 employees who works-hour days and are paid hourly. On January 1, 2017,...
Waterway Industries has 65 employees who works-hour days and are paid hourly. On January 1, 2017, the company began a program of granting its employees 10 days of paid vacation each year, Vacation days earned in 2017 may first be taken on January 1, 2018. Information relative to these employees is as follows: Vacation Days Earned by Each Employee Vacation Days Used by Each Employee Year 2017 2018 2019 Hourly Wages $24.50 26.50 29.50 10 Waterway has chosen to accrue...
Sheridan Company has 80 employees who work 8-hour days and are paid hourly. On January 1,...
Sheridan Company has 80 employees who work 8-hour days and are paid hourly. On January 1, 2017, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2017 may first be taken on January 1, 2018. Information relative to these employees is as follows: Hourly Vacation Days Earned Vacation Days Used Year Wages by Each Eployeeby Each Employee 2017 $16.50 2018 18.50 2019 21.50 10 1.n 10 8 10 Sheridan...
Mat Broderick Company began operations on January 2, 2016. It employees 9 invividuals who work 8-hour...
Mat Broderick Company began operations on January 2, 2016. It employees 9 invividuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation day may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned, unused sick days accumulate. Additional information is as follows: Actual Hourly Wage rate: 2016-$10.00 - 2017-$11...
Mat Broderick Company began operations on January 2, 2016. It employees 9 invividuals who work 8-hour...
Mat Broderick Company began operations on January 2, 2016. It employees 9 invividuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation day may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned, unused sick days accumulate. Additional information is as follows: Actual Hourly Wage rate: 2016-$10.00 - 2017-$11...
Compensated Absences Matt Broderick Company began operations on January 2, 2016. The following information was provided...
Compensated Absences Matt Broderick Company began operations on January 2, 2016. The following information was provided concerning the company's employees who are paid hourly Number of individuals employed Number of hours worked per day Paid vacation days earned annually by each employee Paid sick days earned annually by each employee 9 employees 8 hours 10 days 6 days Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may...
On January 1, 2016, Poplar Fabricators Corporation agreed to grant its employees two weeks' vacation each...
On January 1, 2016, Poplar Fabricators Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that vacations earned each year can be taken the following year. For the year ended December 31, 2016, Poplar Fabricators' employees each earned an average of $900 per week. Seven hundred vacation weeks earned in 2016 were not taken during 2016. Required: 1. Prepare the appropriate adjusting entry for vacations earned but not taken in 2016. (If no entry is...
Please help me solve this problem, and provide the steps so i
can learn. Thank you!!
A company gives each of its 65 employees (assume they were all employed continuously through 2017 and 2018) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2017, they made $29 per hour and in...
SU SUw supporting computations. Points will be deducted if you do not show your WUERE 1. Beginning on January 1, 2019 a company elected to give each of its 50 employees (assume they were all employed continuously through 2019 and 2020) 10 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. All unused days at the end of one year...
Waterway Industries has 65 employees who works-hour days and are paid hourly. On January 1, 2017, the company began a program of granting its employees 10 days of paid vacation each year, Vacation days earned in 2017 may first be taken on January 1, 2018. Information relative to these employees is as follows: Vacation Days Earned by Each Employee Vacation Days Used by Each Employee Year 2017 2018 2019 Hourly Wages $24.50 26.50 29.50 10 Waterway has chosen to accrue...
Sheridan Company has 80 employees who work 8-hour days and are paid hourly. On January 1, 2017, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2017 may first be taken on January 1, 2018. Information relative to these employees is as follows: Hourly Vacation Days Earned Vacation Days Used Year Wages by Each Eployeeby Each Employee 2017 $16.50 2018 18.50 2019 21.50 10 1.n 10 8 10 Sheridan...
Compensated Absences Matt Broderick Company began operations on January 2, 2016. The following information was provided concerning the company's employees who are paid hourly Number of individuals employed Number of hours worked per day Paid vacation days earned annually by each employee Paid sick days earned annually by each employee 9 employees 8 hours 10 days 6 days Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may...
On January 1, 2016, Poplar Fabricators Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that vacations earned each year can be taken the following year. For the year ended December 31, 2016, Poplar Fabricators' employees each earned an average of $900 per week. Seven hundred vacation weeks earned in 2016 were not taken during 2016. Required: 1. Prepare the appropriate adjusting entry for vacations earned but not taken in 2016. (If no entry is...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 35 minutes ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 33 minutes ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 37 minutes ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 45 minutes ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 48 minutes ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 53 minutes ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 56 minutes ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 1 hour ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 1 hour ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 1 hour ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 1 hour ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 1 hour ago