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Naddika [18.5K]
3 years ago
11

Blanton Company wishes to allocate rent expense of $24,000 to its three operating departments, A, B, and C. Assuming the three d

epartments occupy 10,000, 20,000 and 30,000 square feet respectively, the cost allocation rate for Department C is $0.80 per square foot.
True or False?
Business
1 answer:
wariber [46]3 years ago
5 0

Answer:

given statement is false

Explanation:

given data

rent expense = $24,000

operating departments, A = 10,000 square feet

operating departments, B =  20,000 square feet

operating departments, C =  30,000 square feet

cost allocation rate = $0.80 per square foot

solution

rent expense will be here as

rent expense = \frac{24000}{60000}

rent expense = $0.40 per square foot

and

rent expense allocated to department C is = 30000 × $0.40

rent expense allocated to department C = $12000

so given statement is false

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viva [34]

Answer:

Risk: The bonds you own will decline if interest rates rise, interest rate risk.

Minimalize:

- Don't buy bonds when interest rates are low or rising. Buy when stable.

- Stick to short term issues (3 - 5 years)

- Buy bond with different maturity dates

Explanation:

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3 0
3 years ago
Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $18,000 (original cost of $40,000 l
Sati [7]

Answer:

Loss on exchange is -$7,800

initial value of tractor is $42,200

Gain on exchange is $8000

Initial value of tractor is $58,000

Explanation:

The amount of gain or loss recognizable on the exchange is the difference between the fair value of the old asset and  its book value

Loss on the asset=$10,200-$18,000=-$7,800

Initial value of the new tractor=fair value of the old tractor+cash payment

Initial value of the new tractor=$32,000+$10,200=$42,200

If fair value were $26,000

gain on the exchage=$26,000-$18,000=$8,000

Initial value of the new tractor=$32,000+$26,000=$58,000

3 0
3 years ago
When the balance of an equity account, like Capital Stock, increases, it means that the account has been: Multiple Choice Deposi
Soloha48 [4]

Answer:

Credited

Explanation:

Equity Account <em>increase</em> on the credit side and <em>decrease </em>on the debit side.

So, when the account increased, we say it has been credited. This means further stock has been issued to new or existing owners.

8 0
3 years ago
The process for motivating employee performance in which the manager and employee jointly set objectives for the employee, the m
antoniya [11.8K]

Answer:

The correct answer is: Management by Objectives (MBO).

Explanation:

Management by Objectives (<em>MBO</em>) is a process in which a manager an employees agree on specific performance goals and then develop a plan to reach those goals. First outlined in Peter Drucker's 1954 book "<em>The Practice of Management</em>", MBO ensures better employee participation and commitment while aligning objectives throughout an organization.

4 0
3 years ago
"People who fight fire with fire usually end up with ashes," is a popular saying that can relate to upset customers.
Ede4ka [16]

Answer:

This popular saying applied to an organizational environment, can refer to upset customers in the sense that if your customers make any complaints or complaints about your products and services, you, as a professional representing the company, must be well prepared and trained to deal with this adverse situation in a way that is not a "person who fights fire with fire and ends up with ashes", that is, you must be well prepared to respond to the customer's problem in a friendly, fast way and that brings solutions that do it. return, and not in a way where the customer feels that their complaint has not been resolved well and will not do business with the company again.

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