On december 31, 2017, reagan inc. signed a lease with silver leasing co. for some equipment having a seven-year useful life. the lease payments are made by reagan annually, beginning at signing date. title does not transfer to the lessee, so the equipment will be returned to the lessor on december 31, 2023. there is no purchase option, and reagan guarantees a residual value to the lessor on termination of the lease. reagan's lease amortization schedule appears below: dec. 31 payments interest decrease in balance outstanding balance 2017 $ 519,115 2017 $ 90,000 $ 90,000 429,115 2018 $ 90,000 $ 17,165 72,835 356,280 2019 $ 90,000 14,251 75,749 280,531 2020 $ 90,000 11,221 78,779 201,752 2021 $ 90,000 8,070 81,930 119,822 2022 $ 90,000 4,793 85,207 34,615 2023 $ 36,000 1,385 34,615 0 what is the balance of the lease liability on reagan's december 31, 2019, balance sheet (after the third lease payment is made)?

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?