Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
Answer:
$4,424
Explanation:
Calculation for her employer's after-tax cost of providing the health insurance
Using this formula
After-tax cost =Annually employer's cost of health insurance -(=Annually employer's cost of health insurance*Marginal tax rate)
Let plug in the formula
After-tax cost =$5,600- ($5,600 × 21%)
After-tax cost =$5,600- $1,176
After-tax cost =$4,424
Therefore her employer's after-tax cost of providing the health insurance is $4,424
Answer:
Exception reports
Explanation:
An exception report is a document that shows where actual performance deviated significantly from what was expected, usually in a negative direction. It shows what is abnormal. The exception report then focuses the attention of the management on those areas that would be needing immediate intervention.
Answer: 61,200 units
Explanation:
Using the FIFO method:
= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP
Units started and finished = 65,000 additional units - 10,000 closing WIP
= 55,000 units
80% of the beginning WIP had been completed in the previous month so only 20% remains.
EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)
= 61,200 units
While many processes remain the same between the two contract types, the primary difference is in the legal powers of the federal government. This authority gives the government unique flexibility in changing contracts to suit its needs.
