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Serjik [45]
2 years ago
13

Which service department is most likely to use square feet of floor space occupied as the allocation base to assign its costs to

operating departments
Business
1 answer:
prisoha [69]2 years ago
4 0

Rent and maintenance expenses are the service department that would most likely to use square feet of floor space occupied as the allocation base to assign its costs to operating departments.

<h3>What is cost allocation?</h3>

Cost allocation is a financial term, that is used to share costs that are common among different departments, services or inventory items.

In other words, cost allocation is the method of assigning costs to cost objects.

Learn more about cost allocation here:  brainly.com/question/15681457

#SPJ1

You might be interested in
In a newsvendor model, if underage cost is three times overage cost and the seller orders the optimal quantity, then the probabi
NeTakaya

Answer: 75%

Explanation:

The probability that demand is less than or equal to the stocking level will be calculated thus:

Underage Cost (Cu) will be given as:

= 3 × Overage Cost(Co) = 3Co

Critical Ratio for seller is given as:

= Cu/(Co+Cu)

= 3Co/(Co + 3Co)

= 3Co / 4Co

= 75%

= 0.75

Therefore, the answer is 75%.

3 0
3 years ago
a. Depreciation on the company's equipment for the year is computed to be $11,000. b. The Prepaid Insurance account had a $9,000
Aleks [24]

Answer:

depreciation expense 11,000 debit

  acc dep equipment          11,000 credit

insurance expense        7,430 debit

      prepaid expense          7,430  credit

supplies expense      2,604 debit

           supplies                2,604 credit

unearned revenue   8,000 debit

   service revenue        8,000 credit

rent expense         3,730 debit

      prepaid rent          3,730 credit

wages expense     3,000 debit

   wages payable          3,000 credit

Explanation:

9000 insurance - 1,570 unexpired = 7,430 expired

supplies

beginning       420

purchased   2,680

ending            (496)

consumed:   2,604

as the service were earned we decrease the unearned amount and recognzie our service revenue

we are given with the expired amount of the rent so we declare it.

same goes for wages, we are givne with the accrued amount

5 0
3 years ago
Can someone please help me answer these questions?
steposvetlana [31]

Answer:

I think these are personal questions which means there is no right answer

6 0
3 years ago
After Joyce and Larry purchased their first house, they made additional home improvements in response to increases in income. Af
Nat2105 [25]

Answer:D) backward bending.

Explanation: Engel Curve is a curve developed based on the study on households expenditures and income by a German Statistical expert named Ernst Engel in the year 1857.

An Engel curve shows the relationship between demand for a good (on the horizontal or x-axis) and income level (on the vertical or y-axis). A normal good has a positive slope of curve is Positive,but if the slope of the curve is negative, the good is an inferior good.

THE CURVE FOR JOYCE AND LARRY AFTER THEY REDUCED THEIR HOME IMPROVEMENT SPENDING WILL HAVE A BACKWARD BENDING.

4 0
4 years ago
Read 2 more answers
What is the yield to maturity (ytm) on a simple loan for $2000 that requires a repayment of $8000 in five years' time?
babunello [35]

The yield to maturity (YTM) on a simple loan is 31.9%

<h3>What is the yield to maturity?</h3>

The yield to maturity represents an overall total of all outstanding loan repayments. The yield to maturity of the security varies based on the bond's valuation and the number of remaining balances.

simple loan for $2,000

repayment of $8,000

time period 5 years

The formula for yield to maturity is

Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]

$2,000 = $8,000/(1+i)⁵

(1+i)⁵ = $8,000/$2,000

(1+i) = 41/5

i = 1.319-1

= 31.9

31.9% is the YTM

The yield to maturity (YTM) on a simple loan is 31.9%

Learn more about yield to maturity, here:

brainly.com/question/26376004

#SPJ1

6 0
2 years ago
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