M Company gives employee paid vacation days. As of December 31, 2021, M has 200 total vacation days that are not yet taken. We also know that there are 50 vacation days taken during 2021. The rate of paid vacation is $150 per day. Assume 2021 the first year of M company's operation.

How much salary expense does M report related to those vacation days for the period ending in Dec 31 2021?

a) 30,000

b) 0

c) 225,000

d) 37,500

Answer rating: 100% (QA)

d 37500 Explanation Vacation days taken in 2021 rate of paid vacation 50 150 7500 Total vacation da... View the full answer