Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 16, 2024

XYZ Ltd provides employees with 4 weeks (20 days) of annual leave for each year of service. The annual leave is accumulating and vesting. XYZ

XYZ Ltd provides employees with 4 weeks (20 days) of annual leave for each year of service. The annual leave is accumulating and vesting. XYZ Ltd pays a loading of 17.5% on annual leave. Below is an extract from XYZ Ltd's payroll records for the year ended 30 June 2020: Employee Wage/day AL 1 July 2019 (days) Increase in entitlement (days) AL taken (days) Sally $150 8 20 15 What is the value of the annual leave owed to Sally? (Round your answer if necessary) $1,950 $881 $2,291 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Briefly define convergence and unified communications.

Answered: 1 week ago

Question

★★★★★

Globex Investment Capital Corporation owns six companies that have the following estimated returns (in millions of dollars) if sold in one of the next 3 years: To operating funds, the company must...

Answered: 1 week ago

Question

★★★★★

XYZ Ltd provides employees with 4 weeks (20 days) of annual leave for each year of service. The annual leave is accumulating and vesting. XYZ Ltd pays a loading of 17.5% on annual leave. Below is an...

Answered: 1 week ago

Question

★★★★★

Happy Dave Happy Dave is the owner of Dave's Pizza Garage. At the end of the Dave has assets of $30,000 and liabilities of $10,000. Using the accou the following: nd of the accounting period, Happy e...

Answered: 1 week ago

Question

★★★★★

Why is it a good idea to follow up your hypothesis test with a measure of effect size?

Answered: 1 week ago

Question

★★★★★

Consider this game - you roll a fair die, and if it falls 1 through 5, you win that many dollars (i.e. the number you rolled), but if it is six, you lose 14 dollars. Would you play the game? More...

Answered: 1 week ago

Question

★★★★★

Martin Ho owns the following farm properties: Land The ACB is $435,000 and the FMV $584,000. Barn The barn has a UCC balance of $140,000, a capital cost of $165,000, and a FMV of $175,000. The...

Answered: 1 week ago

Question

★★★★★

The Johnstown Axle Company is working on creating its Finished Goods Inventory Budget. They anticipate the following: Manufacturing Overhead and Direct Labor are allocated per hour and Direct...

Answered: 1 week ago

Question

★★★★★

CASE STUDY 1 Read the case below and answer the questions that follow: [10] John applied for the post of supervisor at Amazing Textiles (Pty) Ltd, a textile factory. At his final interview he made it...

Answered: 1 week ago

Previous Question Next Question