Answer:
Production department $440,000
Sales department $143,000
Explanation:
The allocation of the total cost to the operating departments is proportional to the number of employees. In other words, as the number of employees increases, so does the allocated cost and vice versa.
Hence,
Cost allocated to the production department
= 40/(40 + 13) × $583,000
= 40/53 × $583,000
= $440,000
Cost allocated to the sales department
= 13/(40 + 13) × $583,000
= 13/53 × $583,000
= $143,000
Answer:
A) high; quick
Explanation:
The information in the sentence above provides that the businesses and that the workers are sensitive to the change in any kind of money supply or inflation.
This means both very quickly respond to anything like that and will change accordingly.
Therefore, the inflation rate when is high, then the companies and workers are really quick to create any policy.
Answer:
D. Ordinary Income: $20,000 , Guaranteed payment: $30,000
Explanation:
Ordinary Income refers to that part of income which is classified under salaries, wages or net income in case of Partnership. Such income is taxable at ordinary rates.
Net income refers to income arrived at after deduction of all expenses and taxes from profits. In case of partnership, profits and losses are distributed in agreed profit sharing ratio as per the clause in partnership deed.
In the given case,
Net Income before adjusting guaranteed payment to Clover: $90,000
Less: <u>Guaranteed payment to Clover</u>: <u>($30,000)</u>
Ordinary Income/Net Income for all 3 partner's $60,000
Clover's share in ordinary income is one third i.e $20,000
Clover's guaranteed payment $30,000
The total decrease in deposits in the banking system is $250,000.
<h3>What is total decrease in deposits?</h3>
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves.
Decrease in deposits = amount withdrawn / required reserve ratio
$25,000 / 0.1 = $250,000
To learn more about reserve ratio, please check: brainly.com/question/6831267
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