Answer:
First-line managers operate their departments. They assign tasks, manage work flow, monitor the quality of work, deal with employee problems, and keep the middle managers and executive managers informed of problems and successes at ground level in the company.
Explanation:
Answer:
Net income = $169.2
Growth in dividend = 76.25%
Explanation:
The projected figures are as below:
Sales = $700 x (1 + 15%) = $805 <em>(15% increase in sales)</em>
Operating costs including depreciation = $805 x 60% = $483 <em>(60% of sales)</em>
Interest expense = 40 <em>(remain constant)</em>
EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322
EBT = EBIT - Interest expense = $322 - $40 = $282
Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2
Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4
Growth in dividend = $56.4/$32 = 76.25%
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Answer:
$404,800
Explanation:
Calculation to determine How much rent is allocable to the assembly department using the direct method of allocation
Using this formula
Rent =Area used by Assembly department / Total Area used by Manufacturing Departments x Total Rent paid
Let plug in the formula
Rent =36,850/ (36,850+30,150) x $736,000
Rent=36,850/67,000*$738,000
Rent=0.55*$736,000
Rent= $404,800
Therefore How much rent is allocable to the assembly department using the direct method of allocation is $404,800
