Ask Question
22 October, 09:44

Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. their average daily wage is $107 per day. what is the amount of vacation benefit expense to be recorded for the month of july?

+2
Answers (1)
  1. 22 October, 09:48
    0
    We let x be the amount of vacation benefit expense that has to be recorded for the month of July.

    The equation that allows us to answer this question is,

    x = (32 employees) x ($107 / employees)

    x = $3,424

    The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Employees earn vacation pay at the rate of one day per month. during the month of july, 32 employees qualify for one vacation day each. ...” 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