Lake Norman Company has twenty employees who each earn $120 per day. If they accumulate vacation time at the rate of 1.5 vacation days for each month worked the amount of vacation benefits that should be accrued at the end of the month is

Question

Quizplus · Accepted Answer

Each employee earns 1.5 vacation days per month, which is 1.5 days x $120/day = $180 per employee. With 20 employees, the total is 20 x $180 = $3600.

Lake Norman Company Has Twenty Employees Who Each Earn $120