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You are the financial manager of Palestine Ltd, a company whuch researches generic medicines, One of your duties involves dealing with any aspects of LAS
You are the financial manager of Palestine Ltd, a company whuch researches generic medicines, One of your duties involves dealing with any aspects of LAS 19. You have the following information available to you for the year ended 31 December 20X8. Type of Employee Pay per Day Gross Number of Employees Naximum Leave Allowed for each employee per year (days) Maximum Leave Leave Taken Allowed in Current to Carry Year (days) Forward (days) for each for each employee employee Directors $1,342 8 20 IS 4 Laboratory technicians 690 55 18 Office personnel 422 25 16 10 The company policy is that all leave is accumulating but is non-vesting Experience indicates that only 40% of the directors will use the past leave due to them, while technicians and office personnel still employed in 2009 will use 90% S laboratory workers resigned during 2018. No other employees are expected to resign. Maternity Leave: Palestine Ltd has the following number of female employees (included in the number of employees above): 6 directors, 20 laboratory workers and 16 office employees Female employees are allowed 90 days paid maternity leave per annum This leave is non-accumulating and is unable to be paid out in cash if not taken
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