Beast8949 Beast8949

14-07-2017
Business

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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?

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BlueSky06 BlueSky06

27-07-2017

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.

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