Question: Chavez cos salaried employees earn four weeks vacation per year

Chavez Co.’s salaried employees earn four weeks’ vacation per year. It pays $156,000 in total employee salaries for 52 weeks but its employees work only 48 weeks. This means Chavez’s total weekly expense is $3,250 ($156,000/48 weeks) instead of the $3,000 cash paid weekly to the employees ($156,000/52 weeks). Record Chavez’s weekly vacation benefits expense.

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  • CreatedMarch 18, 2015
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