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Question 2 (10 marks) Jonny Ltd has an average weekly payroll of $800,000. The employees are entitled to 2 weeks', non-vesting sick leave per annum.
Question 2 (10 marks)
Jonny Ltd has an average weekly payroll of $800,000. The employees are entitled to 2 weeks', non-vesting sick leave per annum. Past experience suggests that 66% of employees will take the full 2 weeks' sick leave and 15% will take 1 week's leave each year. The rest of the employees take no sick leave.
- What weekly entry would Jonny Ltd make in relation to sick leave? (Round amounts to the nearest dollar) (3 marks)
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