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DochEvi [55]
3 years ago
10

Kristen’s employer owns its building and provides parking space for its employees. The value of the free parking is $150 per mon

th. Karen’s employer does not have parking facilities but reimburses its employees for the cost of parking in a nearby garage up to $150 per month.
a. Kristen and Karen must recognize gross income from the parking services.
b. Kristen can exclude the employer-provided parking from gross income, but Karen must include her reimbursement in gross income.
c. Kristen must include the value of the employer-provided parking from her gross income, but Karen can exclude her reimbursement from gross income.
d. Neither Kristen nor Karen is required to include the cost of parking in gross income.
e. None of these.
Business
1 answer:
balu736 [363]3 years ago
5 0

Answer:

Neither Kristen nor Karen is required to include the cost of parking in gross income.

Explanation:

As a qualified transportation fringe, both Kristen and Karen's benefit can be excluded from gross income. Karen's reimbursement is less than the maximum exclusion amount allowed. Likewise, the value of Karen's free parking is less than the maximum exclusion amount allowed.

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Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi
marta [7]

The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is  $851,00  and $999,000and  $1850,000

The calculation of this question and working of solutions is in tabular form which is attached to this answer.

What is Cost?

The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.

Learn more about cost brainly.com/question/13165105

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5 0
2 years ago
Gary, a new salesperson for a reputed cellphone manufacturer, meets the owner of a transport company that employs 50,000 people
qaws [65]

Answer:

Option B. It is unrealistic

Explanation:

The reason is that the people have different likes which means we will never see 100 percent acceptance from the customers which might in the way of rejecting the offer of Gary. So the assumption that 50,000 cab drivers will purchase its product is truly optimistic which in other words is unrealistic assumption. So the option B is correct.

Option A is incorrect because the assumption is less qualitative as it doesn't relies on realistic assumption.

The cab drivers sales are relevant here but the sales assumption was unrealistic (Highly optimistic assumption) so the option C and D are incorrect.

Option E is also incorrect because the sales to cab drivers can be measure by initially directly selling 1000 cell phone to 1000 cab drivers which will give an actual idea of sales units expected, which means it is measurable.

6 0
3 years ago
Coca-Cola, a company that does business in almost every national market, can most accurately be classified as: a. a multinationa
erastovalidia [21]

Answer:

A. a multinational company

5 0
3 years ago
Crusher Company has provided the following data for maintenance cost:
Firdavs [7]

Answer:

Total Fixed Cost: $13,020

Explanation:

Fixed cost is calculated using high low method.

High low method seeks to find variable cost per hour / unit by dividing the difference of cost (total cost at two levels) with difference of activity level. Than variable cost is reduced from total cost to identify the fixed cost. Below is the calculation:

Current year cost: $ 37,850        Current year machine hours: 19,100

Prior year cost:      $ 33,300        Prior year machine hours:     15,600

Variable cost per machine hour = <u>Current year cost - Prior year cost</u>

                                      Current year machine hour - prior year machine hour

Variable cost per machine hour: <u>37,850 - 33,300</u> = $1.30 per machine hour

                                                       19,100 - 15,600

Variable cost current year: ($1.30 * 19,100) = $24,830

Variable cost prior year: ($1.30 * 15,600) = $20,280

Fixed cost: Total cost - variable cost

Fixed cost current year: 37,850 - 24,830 = $13,020

Fixed cost prior year:     33,300 - 20,280 = $13,020

7 0
3 years ago
Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all
Feliz [49]

Answer:

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

7 0
2 years ago
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