During its first year of operations, a company granted employees vacation privileges estimated at a cost of $60,000 . The vacations are expected to be taken in the next year. What is the total cost of vacation pay to be recognized in the first year?

a. Need more information.
b. $0
c. $60,000
d. $30,000


c

Business

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A conclusion should NOT be

a. lengthy. b. short. c. interesting. d. engaging.

Business

Prior-period adjustments are common in current accounting because of the complexity of the financial reporting process

Indicate whether the statement is true or false

Business

YouTube is an example of which type of social media site?

A. thought sharing B. social networking C. microblogging D. media sharing E. social bookmarking

Business

Grant Technologies needs $300,000 to pay its supplier. Grant's bank is offering a 210-day simple interest loan with a quoted interest rate of 11 percent and a 20 percent compensating balance requirement. Assuming there are 360 days in a year and Grant currently holds no funds at the lending bank, what is the annual percentage rate (APR) of the loan?

A. 8.02% B. 14.14% C. 11.00% D. 13.75% E. 12.55%

Business