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kirill115 [55]
3 years ago
5

Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 280 employees and occupies 55,200

square feet; Painting has 120 employees and occupies 36,800 square feet. Indirect factory expenses for the current period are as follows: Administration $ 86,000 Maintenance $ 102,000 Administration is allocated based on workers in each department; maintenance is allocated based on square footage. The total amount of indirect factory expenses that should be allocated to the Painting Department for the current period is:
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

$61,200

Explanation:

Maintenance expenses allocated to assembly department

Allocation base = Square footage

= $102,000 * $55,200 / ($55,200 + $36,800)

= $102,000 * $55,200 / $92,000

= $61,200

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Ownership of retail outlets may be necessary if: a. products are expended in consumption. b. products are inexpensive. c. the pr
balu736 [363]

Answer:

E. The required standards of after-sales service for complex products are to be maintained.

Explanation:

The standard of after sale service is necessary in a case like this because after sales service is said to be all you need to know regarding or concerning the product you bought or the services that has been rendered to you.

In as much as a market can be any arrangement where buying and selling is been done and the online platform or medium is pulling through in a lot of sales in recent times, retail outlets show not to be always necessary but sometimes can be necessary in a critical case such as the above scenario. Here, the required standards of after sales services for some products which are complex is to be maintained, retail outlets are said to be possibly necessary.

7 0
4 years ago
The Dog House has net income of $3,450 and total equity of $8,600. The debt-equity ratio is .60 and the payout ratio is 30 perce
Snezhnost [94]

Answer:

21.29%

Explanation:

The computation of the internal growth rate is shown below:

But before that we need to determine the following calculations

Debt equity ratio js

= debt ÷ equity

The  debt is 0.6 of equity

So,

= 0.6 × $8,600

= $5,160

Now

Total assets = Total liabilities + Total equity

= $8,600 + $5,160

= $13,760

Return on assets = Net income ÷ Total assets

= $3450 ÷ $13760

 = 0.2507

Now  as we know that

Retention ratio = 1 - payout ratio

= 1 - 0.3

= 0.7

And, finally

The Internal growth rate is

= (Return on assets × Retention ratio) ÷ [1 - (Return on assets  × Retention ratio)]

= (0.2507 × 0.7) ÷ [1 - (0.2507 × 0.7)]

= 21.29%

6 0
3 years ago
Jaguar has full manufacturing costs of their S-type sedan of £22,803. They sell the S-type in the UK with a 20% margin for a pri
AveGali [126]

Answer:

12.18%

Explanation:

Company selling price in US = $55,000

(which is equal to price with 20% margin)

= 27,363 pounds × $2.01

= $55,000

Now the exchange rate increased to $2.15 per pound,

so here the manufacturing cost of the car will increase according to the increase in the exchange rate.

The selling price remains constant, then the profit margin is as follows;

Manufacturing cost of the car = 22,803 pounds × $2.15

                                                  = $49,026.45

Selling price = $55,000

Profit margin:

= Selling price - Manufacturing cost

= 55,000 - 49,026

= $5,973.55

Margin percentage = Profit margin ÷ Manufacturing cost of the car

                                = $5,973.55 ÷ $49,026.45

                                = 12.18%

4 0
4 years ago
Explain about pricing objectives
faltersainse [42]

Answer:

Some examples of pricing objectives include maximising profits, increasing sales volume, matching competitors' prices, deterring competitors – or just pure survival. Each pricing objective requires a different price-setting strategy in order to successfully achieve your business goals

5 0
3 years ago
Read 2 more answers
Wi-Fi, Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for
Alexxx [7]

The total value of dividends paid to the shareholders of Wi-Fi, Inc. for the year given the change in retained earnings and income is $20,000.

<h3>What is the dividend paid?</h3>

Dividend is the amount paid to shareholders of a public company out of the net income earned by a company in a particular period.

Dividend paid = net income - change in net income

Change in net income = $130,000 - $100,000 = $30,000

Dividend paid = $50,000 - $30,000 = $20,000

4 0
2 years ago
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