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fiasKO [112]
2 years ago
6

On January 1, 2016, Yukon Company agreed to grant its employees two weeks vacation each year, with the provision that vacations

earned in a particular year could be taken the following year. For the year ended December 31, 2016, all twelve of Yukon's employees earned $1,200 per week each. Eight of these vacation weeks were not taken during 2016. In Yukon's 2016 income statement, how much expense should be reported for compensated absences?

Business
1 answer:
andreev551 [17]2 years ago
3 0

Answer:

The correct value is $9600.

Explanation:

As the complete question is not given, the complete question is attached herewith.

Since 8 vacation weeks were not taken during 2016 , Yukon's 2016 income statement should report  $9,600 ( 8 * $1,200) .

Journal Entry :

                                                                                  Debit          Credit

Salary expense                                                  $9,600

Liability – compensated future absences                         $9,600

( To record vacations earned but not taken)  

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What can organizations do to institutionalize organizational learning? What practices and policies would aid in knowledge acquis
elena-s [515]

Answer:

There are many things that a company can do to institutionalise learning and knowledge. Some of them doesn't even cost much and take a lot of time to be implemented.

Empowerment of individual employees. Giving them more autonomy in the job and the capacity to work freely with the peers.

Making teams rather than working individually. Team spirit is essential in the learning process and to promote sharing.

Conducting internal development and training programs on a regular basis.

Using social media platforms to connect the employees so that they are able to share their knowledge, expertise on a real-time basis.

Reducing the power gap between the employees and their superiors.

Explanation:

8 0
2 years ago
On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $
Elina [12.6K]

Answer:

June 30, 2020   Bond Interest expense      Debit        $5,756.25

                                     Discount on Bonds payable    Credit      $506.25

                                     Cash                                          Credit      $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

6 0
1 year ago
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $69,000
USPshnik [31]

Answer:

bad  debt expense 18,000

Explanation:

bad debt 1% of credit sales:

180,000 x 1% = 18,000

When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.

So no calculation is needed for those.

8 0
2 years ago
Faux Trees Company produces artificial Christmas trees. A local shopping mall recently made a special order offer; the shopping
Arlecino [84]

Answer: $‭16,925.9‬0 increase

Explanation:

Company already has the excess capacity to handle this order so the fixed costs will not be included as they would have already been incurred.

Cost of manufacturing the trees would be:

= Variable cost + Fixed cost

= ((51.61 + 3.80 + 1.00 + 8.26 for white tree) * 230 trees) + 5,000 for molds

= (64.67 * 230) + 5,000

= $‭19,874.1‬0

Incremental revenue = 230 trees * 160

= $36,800

Incremental operating income = 36,800 - ‭19,874.1‬

= $‭16,925.9‬0 increase

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<em>Note: Options might be for a variant of this question. </em>

7 0
2 years ago
Mark is a senior manager at a leather manufacturing company. He sets unrealistic goals for the factory workers, and he often mak
crimeas [40]

Answer:

The authority compliance style

Explanation:

The authority compliance style is one of the Blake / Mouton leadership grips where the manager believes that the employees are just a form of means to achieving a goal . As a result of this , the set goals are given more priority over the employees.

Employees under this managerial form of leadership are not motivated as they are forced to work towards achieving the managers goals with in a very stringent condition.

8 0
2 years ago
Read 2 more answers
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