Unger Co. currently has 5 employees working on its assembly line, each of whom earns $180 per day and has worked every day of the year. (You know what they say, work-life balance!). Each employee is entitled to 15 days of vacation per year and one sick day per month. Vacation days accumulate each month and are paid at the rate in effect, in the year taken. Sick days do not accumulate and if not taken in a given month, they are forfeited. In total, the employees forfeited 24 sick days this year. Each employee took an average of 8 vacation days this year. The company is giving a 3% raise to its employees in the next fiscal year and this raise would be reflected in any accrual made at the current year-end. Determine the balance for vacation payable at the end of this year (assuming the company starts its operations at the beginning of this year)

Answer rating: 100% (QA)

It is given that each employee is entitled to 15 vacation days per year Th... View the full answer