Kangjon Company allows each employee two weeks' paid vacation after the employee has worked at the company for one year (50 weeks work). On the basis of past experience, management estimates that 80 percent of employees will qualify for vacation pay this year. Assume that the March payroll is $400,000. Compute the vacation pay expense for the month. Show your computation
$12,800 ($400,000 x 0.80 x 2/50)
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The ________ decision is the allocation and reallocation of capital and resources to projects, products, assets, and divisions of an organization.
A) investment B) dividend C) financing D) restructuring E) benchmark
Ease of doing business refers to the amount of effort it takes a firm to produce and promote a product.
Answer the following statement true (T) or false (F)
Refer to the instruction above. What does the company save for the year by selecting this low-cost option (for annual requirements of 5,000 units)?
A) $15,000 B) $60,000 C) $65,000 D) $5,000
The ________ involves developing a good understanding of the individual customer's needs before trying to close the sale.
A. differentiated value approach B. selling formula approach C. prepared sales presentation D. consultative selling approach E. fixed sales presentation