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Yanka [14]
3 years ago
12

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a

re allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $ 30,000 Number of employees
Depreciation 20,000 Cost of goods sold
Advertising 40,000 Net sales
Item Drilling Grinding Total
Number of employees 1,000 1,500 2,500
Net sales $ 325,000 $ 475,000 $ 800,000
Cost of goods sold $ 75,000 $ 125,000 $ 200,000
a. The amount of salaries that should be allocated to Grinding for the current period is:
Multiple Choice:
1. $30,000.
2. $18,000.
3. $15,000.
4. $10,000.
5. $12,500.
Business
1 answer:
olganol [36]3 years ago
8 0

Answer:

2. $18,000

Explanation:

The computation of the  amount of salaries allocated to grinding is shown below:

= Total salaries × grinding number of employees ÷ total number of employees

= $30,000 × 1,500 employees ÷ 2,500 employees

= $18,000

Simply we find out the allocated amount based on the number of employees

All other information which is given is not relevant. Hence, ignored it

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Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?​
-Dominant- [34]

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

3 0
3 years ago
Contribution margin is:
ddd [48]

Answer:

Sales less variable production, variable selling, and variable administrative expenses.

Explanation:

On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.

Contribution margin =

sales revenue - total variable cost

the fixed cost are listed below the contriution,

once subtracted from the contribution, the rest is the net income.

8 0
4 years ago
your client began purchasing shares of the gro mutual fund two years ago. she has followed a dollar cost averaging approach by i
Tems11 [23]

The client's average cost per share of GRO is $40.61

<h3>What is the cost per share of stock?</h3>

The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.

Given:

Net asset value of fund(X)  Number of shares purchased(Y)            X×Y

$                             44.44                                            45                     $1,999.80

$                             38.46                                            52                     $1,999.92

$                             33.90                                            59                     $2,000.10

$                             48.78                                             41                      $1,999.98

Total                                                                            197                     $7,999.80

Client's average cost per share                                                                                  $ 40.61

Average cost per share = 7999.80/197 = $40.61

To learn more about average cost per share, visit:

brainly.com/question/10375920

#SPJ1

5 0
2 years ago
A project requires an initial investment of $60,000 and has a project profitability index of 0.329. The present value of the fut
OleMash [197]

Answer:

The present value of the future cash inflows from this investment is $19,740

Explanation:

Profitability Index is a useful tool for ranking project because we can know the amount/ value created by per unit of investment.

Profitability Index = Present value of future cash flow/ Initial Investment

↔ 0.329 = Present value of future cash inflow/ $60,000

↔ Present value of future cash inflow = 0.329 * $60,000 =$19,740

8 0
4 years ago
The 2017 Form 10-K of Oracle Corporation, for the May 31, 2017 year-end, included the following information relating to their al
KatRina [158]

Answer:

B. $129 million

Explanation:

bad debt expense for the year = balance in allowance at the end + write off - balance in allowance at the beggining

= $319 million + $137 million - $327 million

= $129 million

Therefore, Oracle Corporation report as bad debt expense for the year is $129 million.

5 0
3 years ago
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