Use the Following Information for Questions

question 44

Multiple Choice

Use the following information for questions.
Silver Ltd.has 35 employees who work 8-hour days and are paid hourly.On January 1, 2017, the company began a program of granting its employees 10 days paid vacation each year.Vacation days earned in 2017 may be taken starting on January 1, 2018.Information relative to these employees is as follows: Silver has chosen to accrue the liability for compensated absences (vacation pay) at the current rates of pay in effect when the vacation pay is earned.
-What is the amount of the Vacation Wages Payable that should be reported at December 31, 2019?

• A)$39,900
• B)$45,360
• C)$47,460
• D)$47,880

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Definitions:

Atomic Weight

The average mass of atoms of an element, calculated using the relative abundance of isotopes in a naturally-occurring element.

Structural Formula

A type of chemical formula that shows the spatial arrangement of the atoms in a molecule. Compare with the simplest formula and molecular formula.

Molecular Formula

The type of chemical formula that gives the actual numbers of each type of atom in a molecule. Compare with simplest formula and structural formula.

Lewis Structure

A graphical representation of the valence electrons in molecules, showing how the atoms are bonded together and the lone pairs of electrons.