Beaver Corporation gives three weeks’ paid vacation to each

| June 1, 2016

Question
Beaver Corporation gives three weeks’ paid vacation to each employee who has worked at the company for one year. Based on studies of employee turnover and previous experience, management estimates that 65 percent of the employees will qualify for vacation pay this year.

1. Assume that Beaver’s July payroll is $300,000, of which $20,000 is paid to employees on vacation. Calculate the estimated employee vacation benefit for the month. Round interim division to three decimal places. Round final answer to the nearest dollar.

Order your essay today and save 30% with the discount code: ESSAYHELPOrder Now