Denton Ltd has a weekly payroll of $500 000. The employeesreceive entitlements to two (2) weeks sick

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Denton Ltd has a weekly payroll of $500 000. The employeesreceive entitlements to two (2) weeks sick leave per year. The sickleave entitlements are classified as non-vesting. Past experience,and experience within the industry, suggests that: 50 per cent ofemployees will use their full 2 weeks entitlement each year; 40 percent of employees will take 1 week’s sick leave each year; and 10per cent of employees will take 1 day’s sick leave each year. (a) Calculation of expected annual sick leave expense for BadgerLtd (on the basis of average salaries); $ $500 000 * 2 * 0.5 = 500 000 $500 000 * 1 * 0.4 = 200 000 $500 000 * 1/5 *0.1 = 10 000 710 000 (equal to $13,654 /week) as follwing this anwer why 1 days is 1/5? . . .

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