Answer: $1500 loss
Explanation:
From the question, On December 2, 20X1, Levi sold confectionary items to a foreign company by selling at a price of 50,000 yen when direct exchange rate was 1 yen = $1.15.
Sale value in dollar = 50,000 × 1.15
= $57500
The account has not been settled as of the year ended December 31, 20X1, when exchange rate had changed to 1 yen = $1.12.
Sale value in dollar = 50,000 × 1.12
= $56000
Foreign exchange loss:
= $57500 - $56000
= $1500 loss
Prior to the closing, one final inspection should take place. This is also known as the final walk through.
<h3>What is walk through inspection?</h3>
Just prior to closing, a walk-through inspection is performed to make sure the property is still in good shape, there hasn't been any additional damage, and all of the fixtures included in the sale are still there.
A buyer and their real estate agent will tour the house together during the walkthrough. They'll make sure there isn't any fresh damage, that all of the house's systems and appliances that are included in the sale are still in good functioning order, and that the house is clean.
<h3>What is purpose of walk-through?</h3>
The objectives of a walk-through are as follows: By involving stakeholders from both inside and outside the software discipline, you can gather information about the subject of the document. Describe and explain the document's contents. Obtain agreement on the document as a whole.
To know more about walk-through visit:
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Answer: Gross pay- $1750.00
Net pay - $1,215.75
Explanation: Gross pay = Nomal time =$28*40= $1,120. Overtime = $28*1.5*15= $630 Total= $1,750
Net pay = $1,750 less Security tax, Medicare tax, federal income tax withheld.
$1750* 6.0%= $105
$1750* 1.5% = $26.25
Tax withheld= $403
Net pay= $1,750-$105-$26.25-$403
= $1,215.75
1. True
2. False
3. True
Sorry if I get the wrong answers!!!
Answer:
3. No, due to unilateral mistake
Explanation:
Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
