Answer:
$ 58,333 Personnel costs is allocated to B
Explanation:
According to the given data the Employees to be considered for allocation = A+B+C = 15+5+10 = 30 employees
The Personnel Dept direct cost = $ 350,000
No. of employees for B = 5
Therefore, in order to calculate what amount of Personnel costs is allocated to B, we have to use the following formula:
Allocated cost =Personnel Dept direct cost x No. of employees for B/Total employees =
Allocated cost = $ 350,000 x 5/30 = $ 58,333
$ 58,333 Personnel costs is allocated to B
Answer:
Bought stocks on credit, thinking the value could only increase.
Explanation:
Currently the securities and exchange commission (SEC) defines buying stocks on credit as buying through a margin account. This was a very common before the 1929 stock crash since investors speculated that the price of stocks would keep increasing. The notion that the stock prices could fall was not something considered possible back then. So when the market stooped growing, and the price of stocks started to lower, investors couldn't pay their loans and even if the securities were held as collateral, their value collapsed. Some people made huge fortunes doing this, but others lost everything.
answer:
giving away a percentage of their company and maybe losing their power as only one leader.
explanation:
Answer:
Worthy Ships:
Treasury Stock account balance would be $80,000.
Explanation:
Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.
