Answer:
$ 2500
Explanation:
Data provided:
Rate at which the employees earn vacation pay = one day per month
The number of employees qualifying for one vacation day = 25 employees
The average daily pay of the employees = $ 100 per day
Now,
the amount of vacation benefit expense to be recorded for the month of July is calculated as
= number of employees qualifying × average daily pay of the employees
on substituting the values, we get
= 25 × $ 100
or
= $ 2500
