Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Employees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensation is paid at an hourly rate of $45, based on an eight-hour work day. Rayon’s first pay period is January. It is now April 30, how much vacation liability has accumulated if the company has four employees and no vacation compensation has been paid?

Sagot :

Answer: $5760

Explanation:

The accumulated vacation liability is calculated below:

Number of employees = 4

Number of months = 4 Months

Vaccation is based on = 8 hours

Per hour rate = $45

Accumulated Vacation liability will now be:

= 4 × 4 × 8 × $45

= $5,760

Therefore, the amount if vacation liability that has accumulated will be $5,760

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.