Sunset Company Has a Policy of Accruing $2300 for Every

question 81

Multiple Choice

Sunset Company has a policy of accruing $2300 for every employee as a vacation benefit.Sarah,an employee,took a vacation.Which of the following is the correct journal entry for the vacation benefit paid?

• A) \[\begin{array} { | c | l | l | }
• \hline \text { Vacation Benefits Payable } & 1917 & \\
• \hline \text { Vacation Benefits Expense } & & 1917 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | l | l | }
• \hline \text { Vacation Benefits Expense } & 2300 & \\
• \hline \text { Cash } & & 2300 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | l | l | }
• \hline \text { Vacation Benefits Payable } & 2300 & \\
• \hline \text { Cash } & & 2300 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | l | l | }
• \hline \text { Vacation Benefits Expense } & 1917 & \\
• \hline \text { Vacation Benefits Payable } & & 1917 \\
• \hline
• \end{array}\]

Understand the concepts of gender bias, stereotypes, and miscommunication between men and women.

Recognize the challenges and discrimination women face in the workplace.

Comprehend strategies for overcoming workplace discrimination and advancing in careers.

Understand the impact of linguistic style differences on communication and relationships in the workplace.

---

Definitions:

Equity Financing

The sale of common stock or the use of retained earnings to provide long-term financing.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and receive dividends.

Effective Rate

A measure of the actual interest rate on a loan or investment, taking into account the compounding of interest over a given period of time.

Compounding Periods

The intervals at which interest is calculated and added to the account's balance in the context of investing or saving.