A career pathway is:

Mervon Company has two operating departments: mixing and bottling. Mixing occupies 23,045 square feet. Bottling occupies 18,855

fiasKO [112]

Answer:

Mixing= $112,000

Bottling= $91,800

Explanation:

Giving the following information:

Mixing occupies 23,045 square feet

Bottling occupies 18,855 square feet.

Total sq= 41,900

Indirect factory costs include maintenance costs of $204,000.

First, we need to calculate the proportion of square feet for each department:

Mixing= 23,045/41,900= 0.55

Bottling= 18,855/41,900= 0.45

Now, we can allocate overhead:

Mixing= 0.55*204,000= $112,000

Bottling= 0.45*204,000= $91,800

7 0

4 years ago

Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d

galina1969 [7]

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

3 0

2 years ago

Annual cash inflows that will arise from two competing investment projects are given below: Year Investment A Investment B 1 $ 5

balu736 [363]

Explanation:

Since the cash flows are given in the question for the Investment A and the Investment B

So, the present value could be find out by multiplying the each year cash inflows with its discounted factor i.e 9%

So that the present value could come

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

The attachment is shown below:

4 0

3 years ago

The following book and fair values were available for Westmont Company as of March 1.

-BARSIC- [3]

Answer:

DR Inventory $609,000

Land $1,086,750

Buildings $2,138,250

Customer Relationships $842,250

Goodwill $965,750

CR Accounts Payable $102,000

Common Stock $56,400

Additional Paid-In Capital $1,353,600

Cash $4,130,000

Working

Common Stock = 28,200 shares * $2 = $56,400

Additional Paid in Cap = 28,200 shares * ( 50 - 2) = $1,353,600

DR Additional Paid-In Capital $32,400

CR Cash $32,400

DR Professional Services Expense $49,800

CR Cash $49,800

8 0

3 years ago

The method that allocates an equal amount of depreciation to each year of an asset’s service life is:

kvasek [131]

Answer: Straight line method of depreciation

Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.

This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.

6 0

4 years ago