Answer:
The correct answer is A.
Explanation:
Giving the following information:
Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last year.
First, we need to calculate the allocation rate based on number of employees:
Estimated allocation rate= total estimated fringe costs for the period/ total amount of allocation base
Estimated allocation rate= 180,000/30= $6,000 per employee.
Now, we can allocate fringe costs to the A-line:
Allocated fringe costs= Estimated Estimated allocation rate* Actual amount of allocation base
Allocated fringe costs= 6,000*10= $60,000
Answer:
See below
Explanation:
10000-1000=9000 to be depreciated
9000/5=1800 annual depreciation
journal entry:
depreciation expense. 1800 (debit)
Accumulated depreciation. 1800 (credit)
to record annual depreciation
Answer: Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance required and no interest earning.
Explanation:
I searched further online and got the options. The correct option will be "Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance Required and no interest earning"
Since Megg has an opening balance of 300, she can't open a account that requires a minimum balance of 400. Likewise, it'll be unwise to charges $6 monthly when the balance in the account falls below 300.
Therefore, she should open this account with a monthly fee of $4 and no minimum monthly balance required since the cost of keeping the account is cheaper and better than others.
