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nexus9112 [7]
3 years ago
7

Why the finance department is so important to a business?

Business
2 answers:
Genrish500 [490]3 years ago
7 0
The finance department keeps track of all accounts and deposits and is responsible for keeping the company from going bankrupt
Vladimir [108]3 years ago
4 0
Financial managers evaluate investments in order to chose what maximize the wealth of the stockholders which is their goal.
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3 years ago
Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is clo
Butoxors [25]

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost  / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS                                      AMOUNT

Direct Materials                                     $26,000

Direct Labor                                           $21,000

Manufacturing overhead Applied        <u>$33,600</u>

Total Manufacturing Expenses           $80,600

Less: Job Work in Process      

Direct Materials                                       $3,000

Direct Labor                                             $1,500

Cost of Goods Sold before proration  $76,100

of over or under allocated overhead

6 0
3 years ago
At the end of a shift, the sales clerk turned over $21,476.38 in cash, checks, and credit card receipts to the cashier. when the
coldgirl [10]
In this situation, the company should Enter a debit of $1.85 in the Cash Over and Short account. 
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Kevin wants to buy a house that costs $350,000. Kevin will need to go to a bank and obtain a mortgage in order to purchase the h
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<h3>a) = 25% × $350,000 ÷ 100</h3><h3> = <u>$87,500</u></h3><h3 /><h3 /><h3>b) = $350,000 - $87,500</h3><h3> = <u>$262,500</u></h3>

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3 0
3 years ago
Who would pay the most as a percentage of income under a regressive tax
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5 0
3 years ago
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