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:
Dr Cash$561,360
Dr Finance charge expense $8,640
Cr Finance arrangement $570,000
Explanation:
Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.
Dr Cash$561,360
[$570,000-($720,000*1.2%)]
$570,000-$8,640
=$561,360
Dr Finance charge expense $8,640
($720,000*1.2%)
Cr Finance arrangement $570,000
(Being to record the borrowing on the books of High Five Surfboard )
Explanation:
Is the seller licensed?
Is the investment registered?
How do the risks compare with the potential rewards?
Do you understand the investment?
Answer: -14.3%
Explanation:
The Value of money can be calculated by the formula;
Value of money = Amount of money / Price Level
Orginally the value of money was 1, the amount was 1.2 and so was the price level.
Price level has changed so the new value is;
= 1.2/1.4
= $0.857
The change therefore is;
=( 0.857 - 1) / 1
= -14.3%
Revenue is calculated by the number of goods sold times the price of those goods. It is different from profit, which is revenue minus costs.
Higher prices will likely not lead to increased revenue because as prices rise, demand falls and therefore the number of units sold changes.