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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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Andrew Lighting purchases a factory and all of the equipment, computers, and vehicles within it. Andrew begins production of lam
alexandr1967 [171]

Answer: Factory

Vehicles

Equipment

Explanation:· A fixed asset is a long-term tangible asset a company owns and uses in its production activity to earn an income.

The computer isn't a fixed asset to Andrew because he doesn't use it in his production process.

3 0
3 years ago
​Jake, a pharmaceutical sales​ representative, often takes lunch to​ doctors' offices. Over lunch with the doctors and their​ st
sleet_krkn [62]

Answer:

The correct answer is: order-creaters.

Explanation:

To begin with, the area of personal selling there are three types of different approaches regarding the sales person and his proper way of selling. According to this theory, one of those types is the one named <em>"order-creaters"</em> and that concept comprehends the type of sellers that primarily focos on not to close the sale, but to persuade the regular customer to promote the product to other clients from the same audience. Therefore that Jake, when goes to have launch in the same place as the doctors, even though he does not want to make a sale, he is looking forward to establish a relationship that later favoured him in promoting the product.

4 0
3 years ago
Midyear on July 31st, the Andrews Corporation's balance sheet reported: Total Liabilities of $81.319 million Cash of $8.040 mill
hoa [83]

Answer: $104.369 million

Explanation:

Given that,

Total Liabilities = $81.319 million

Cash = $8.040 million

Total Assets = $190.768 million

Total Common Stock = $5.080 million

Therefore,

                     Total assets = Total liabilities + Total stockholders' equity

              $190.768 million = $81.319 million + Total stockholders' equity

Total stockholders' equity = $190.768 million - $81.319 million

                                            = $ 109.449 million

Total stockholders' equity = Total common stock + Retained earnings

Retained earnings = Total stockholders' equity - Total common stock

                                = $ 109.449 million - $5.080 million

                                = $104.369 million

6 0
3 years ago
A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso
Gemiola [76]

The correct answer is $148,000

6 0
4 years ago
Read 2 more answers
You plan to invest $600 in your savings account this year and then you intend to increase the amount that you invest by 3% each
koban [17]

Answer:

The correct answer is $20,211.84.

Explanation:

According to the scenario, the given data are as follows:

Payments (PMT) = $600

Interest rate = 7%

Growth rate = 3%

Time = 16 yeras

So, future value of growing annuity can be calculated by using following formula :

FV of growing annuity = Payment × ((1+ interest rate)^n - (1 + Growth rate)^n) / (Interest rate - Growth rate)

= 600 × ((1.07)^16 - 1.03^16) / (.07 - .03)

= 600 × ( 2.95216374857 - 1.6047064391 ) / (0.04)

= 600 × 33.6864

= $20,211.84

Hence, the correct answer is $20,211.84.

7 0
4 years ago
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