1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena55 [62]
3 years ago
9

Daniels Corporation uses the step-down method to allocate service department costs to operating departments.

Business
1 answer:
larisa86 [58]3 years ago
5 0

Answer:

C 503,980 dollars

Explanation:

\left[\begin{array}{ccccc}&General&Physical&Sales&After-sales\\$General&&2,000&27,000&14,000\\$Physical&1,000&&38,000&7,000\\$Direct \: Cost&36,550&70,300&412,500&480,880\\$Allocate G&-36,550&1,700&22,950&11,900\\$Subtotal&0&72,000&435,450&492,780\\$Allocate P&0&-72000&60,800&11,200\\$Total&&&496,250&503,980\\\end{array}\right]

We determinate each service deparment rate:

general: 36,550 / (2,000 + 27,000 + 14,000) = 0.85

we then assign cost of general department and repeat the process for physical

then for physical we do the same:

72,000 / (38,000 + 7.000) = 1.60

You might be interested in
Significant change in the age structure of a population is one example of the impact of the​ firm's ________.
Margarita [4]
Managing the marketing function should begin with a thorough situation analysis of the firm's internal and external environments, including company strengths, weaknesses, opportunities, and <span>threats. 

Hope this answers the question. Have a nice day.</span>
8 0
3 years ago
On September 1, Year 1 Western Company loaned $36,000 cash to Eastern Company. The one-year note carried a 5% rate of interest.
alukav5142 [94]

Answer:

Option (C) is correct.

Explanation:

Given that,

Cash amount loaned = $36,000

Rate of interest on note = 5%

Time period: From September 1, Year 1 to December 31, Year 1 = 4 months

Amount of Interest revenue:

= Cash amount loaned × Interest rate × Time period

= $36,000 × 0.05 × (4/12)

= $36,000 × 0.05 × (1/3)

= $599.9 or $600

There is no cash flow from operating activity in respect of loan given to another company and interest revenue accrued on loan amount.

8 0
2 years ago
You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No div
Olin [163]

Answer:

Total Return = 10.45%

Explanation:

To calculate the return, we must first determine the appreciation in the value of the securities in terms of the US dollar.

The initial investment in terms of US dollar was of,

Initial Investment in USD = Investment in Pounds * Exchange rate

Initial Investment in USD = 2340 * 1.52

Initial Investment in USD = $3556.8

The current value of the investment in terms of USD is,

Current value of investment in USD = 2440 * 1.61

Current value of investment in USD = $3928.4

The formula to calculate total return is,

Total Return = (Current Value - Initial Value) / Initial Value

So, the total return based on US dollars was:

Total return  = (3928.4 - 3556.8) / 3556.8

Total Return = 0.10447 or 10.447% rounded off to 10.45%

6 0
3 years ago
The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranch
stepladder [879]
<span>The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.

Monoply 
</span>
7 0
3 years ago
Career selection should be based on salary alone. Please select the best answer from the choices provided T F
Ksivusya [100]

Answer: False, career selection should not be based on salary alone.

Explanation: When choosing a career it is important to consider several aspects such as your abilities to perform the task the job requires and how much you would enjoy the job.

7 0
3 years ago
Read 2 more answers
Other questions:
  • ​A boy migrated from Honduras through Guatemala and Mexico, thenentered the United States without immigration documents, because
    11·1 answer
  • Moon lite cafe has a semiannual, 5 percent coupon bond with a current market price of $988.52. the bond has a par value of $1,00
    6·1 answer
  • Why do businesses use letterheads and logos?
    13·1 answer
  • Unlike a product/service differentiation competitive strategy, a niche strategy:
    14·1 answer
  • Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $ 398 comma 930 due in 28 y
    11·1 answer
  • What was the average maturity level (with a high of 5) reported by survey participants for high performing organizations and low
    10·1 answer
  • 5. Which is an external users of accounting?
    11·1 answer
  • Michael has written an e-mail to his employees that describes a new product special that will be introduced to the
    6·2 answers
  • Your company is considering the replacement of an old delivery van with a new one that is more efficient. The old van cost $40,0
    8·1 answer
  • Lisa is very picky about her peanut butter. she believes that the brand she buys tastes much better than any other brand on the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!