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torisob [31]
3 years ago
15

Rent and maintenance expenses would most likely be allocated based on: Select one: a. Sales volume by department. b. Square feet

of floor space occupied. c. Number of hours worked. d. Number of invoices processed. e. Number of employees in each department.
Business
1 answer:
erik [133]3 years ago
3 0

Answer: B. Square feet of floor space occupied.

Explanation: Rent is usually charged and allotted based on the size of the space occupied,a bigger work space will be enough to occupy more raw materials, machines,offices,finished goods and other things.

The maintenance cost of using a bigger space will most likely be higher than a smaller work space, bigger work space requires more lightening,more ventilation etc which will definitely increase the amount allotted or spent in servicing and carrying our maintenance on this electrical items.

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Waterway Company uses a perpetual inventory system and made a purchase of merchandise on credit from Carla Vista Corporation on
leva [86]

Answer:

Dr Accounts Payable 9200 Cr Cash 9016 Cr Inventory 184

Explanation:

The payment terms of 2/10, n/45 mean that if paid within 10 days the company is entitled to a 2% discount. Otherwise full payment is required within 45 days.

Since we're settling the account within 10 days ( 7 days after purchase ) we are entitled to a 2% discount.

Originally the inventory was recorded at 9200 Dr and a Cr to Accounts payable of 9200.

The day the invetory is paid we will record the following (August 10)

Dr Accounts Payable $9200

Cr Cash/Bank                           $9016

Cr Inventory                              $184  

Since we're using the perpetual inventory system the actual cost of inventory is 9016 and not 9200. Thus inventory is now recorded at 9016. The cast amount is the actual amount used to settle the account after the 2% discount was applied.

5 0
3 years ago
Read 2 more answers
PLEASE HELPP:
stira [4]

Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all

8 0
3 years ago
A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the
Artemon [7]

Answer:

+$183,000

$0

+$183,000

Explanation:

Total assets increased by ($298,000 - $115,000) $183,000.

Total liabilities has no change

Total shareholder equity increased by ($298,000 - $115,000) $183,000.

4 0
3 years ago
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annuall
vekshin1

Answer:

FV= $6,124.46

Explanation:

Giving the following information:

You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually,

Annual deposit= $1,400

Number of periods= 4 years

Interest rate= 6%

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,400*[(1.06^4) - 1]} / 0.06

FV= $6,124.46

6 0
3 years ago
When offering financial products to clients, you may:
Anton [14]

Answer:

d. All of the above.

Explanation:

All the three actions are appropriate actions for when offering financial products to clients.

a) is appropriate because prior clients are likely to have most of the information in the company's records.

b) is appropriate because as you gain experience, you become more knowledgeabe and intuitive about which clients should be offered a determined product.

c) is appropriate because as a financial worker, it is your duty to decline requests for financial products from clients who do not meet the given criteria.

6 0
2 years ago
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