ASSOSsment 1 1. Mr. Cruz Served Company Z for 15 years with an average dally rate of P545.50. He plans to retire and avail of his retirement benefit. How much is the minimum retirement pay that he will receive? 2. Mr. Pascual receives an annual salary of P360,000. At the end of the year, what would be his 13" month pay? 3. Mr. James plans to retire and utilize his retirement benefit. How much is the minimum rotiremont pay that he will receive for serving the company in 25 years with an average daily rate of P475.50 4.Mr. Alvin's dally rate is P740.25, and is given a sick leave of 25 working days. Suppose the sick leave benefit is convertible to cash and he has incurred 10 absences only ( all due to sickness). How much will he get? 5. Mrs. Zapata recelves an annual salary of P320,000. At the end of the year, what would be his 132th month pay?
ASSOSsment 1 1. Mr. Cruz Served Company Z for 15 years with an average dally rate of P545.50. He plans to retire and avail of his retirement benefit. How much is the minimum retirement pay that he will receive? 2. Mr. Pascual receives an annual salary of P360,000. At the end of the year, what would be his 13" month pay? 3. Mr. James plans to retire and utilize his retirement benefit. How much is the minimum rotiremont pay that he will receive for serving the company in 25 years with an average daily rate of P475.50 4.Mr. Alvin's dally rate is P740.25, and is given a sick leave of 25 working days. Suppose the sick leave benefit is convertible to cash and he has incurred 10 absences only ( all due to sickness). How much will he get? 5. Mrs. Zapata recelves an annual salary of P320,000. At the end of the year, what would be his 132th month pay?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ASSESSMENT
ASsessment 1
1. Mr. Cruz Served Company Z for 15 years with an average dally rate of P545.50.
He plans to retire and availl of his retirement benefit. How much is the minimum
retirement pay that he will receive?
2. Mr. Pascual recelves an annual salary of P360,000. At the end of the year, what
would be his 13" month pay?
3. Mr. James plans to retire and utilize his retirement benefit. How much is the
minimum retiremont pay that he will receivo for serving the company in 25 yoars with
an average daily rate of P475.50
4.Mr. Alvin's daily rate is P740.25, and is given a sick leave of 25 working days.
Suppose the sick leave benefit is convertible to cash and he has incurred 10
absences only ( all due to sickness). How much will he get?
5. Mrs. Zapata recelves an annual salary of P320,000. At the end of the year, what
would be his 132th month pay?
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