Caitlin Grasso is a salesperson in the kitchen and bath department at Morris Supplies, Inc. She is guaranteed a minimum salary o
1 answer:
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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 =
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
Answer:
$ 3,085
Explanation:
Given that;
The present value(PV) ------ ???
Future payment (F) ---- $5,000
The annual effective rate are 4%, 5% and 5.5% respectively, which can be illustrated as;
r = 0.04, 0.05 and 0.055 respectively.
The present value formula is given as:
PV = 5000 × (1.04)⁻³(1.05)⁻²(1.055)⁻⁵
= $ 3,084.814759
≅ $ 3,085