During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $45,000 and $36,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid over the next 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $45,000 and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The estimated regression equation for a model involving two independent variables and 10 observations follows. Here SST = 6,724.
Answers (1)
Calculate the payback period for the following investment: Invest ($10,000). Cash flows in Yr1: 1,000; Yr2: 3,000; Yr3: 3,000; Yr4: 3,000; Yr5: 100,000; Yr6: 250,000. Group of answer choices 6 years 4 years 5 years 3 years
Answers (1)
During 2018, Raines Umbrella Corp. had sales of $745,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $456,000, $100,000, and $145,500, respectively.
Answers (1)
Tiffany scott puts $10,000 into a load mutual fund. she knows that her up-front sales commission is 6%. how much of her money actually goes to buy shares in the mutual fund?
Answers (1)
Explain how union membership has affected minorities, women, older workers, and part-time workers.
Answers (1)
New Questions in Business
The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called: Multiple Choice The expense recognition (matching) principle. A contra account.
Answers (1)
April 1 purchased land for $2,160,000. may 1 sold equipment that cost $1,020,000 when purchased on january 1, 2014. the equipment was sold for $612,000.
Answers (1)
In Keynes's liquidity preference theory, what variables determine the demand for real money balances? A. The demand for real money balances depends on the interest rate and net exports. B.
Answers (1)
Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence
Answers (1)
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $86,000 in cash.
Answers (2)