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Over [174]
3 years ago
9

Using the direct method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It allocates

Cafeteria Department costs based on the number of employees served. It has the following information about its two service departments and two production departments, Cutting and Assembly:
Square Feet Number of
Employees
Janitorial Department 100 20
Cafeteria Department 10,000 10
Cutting Department 2,000 60
Assembly Department 8,000 20
The percentage (proportional) usage of the Janitorial Department by the Cutting Department is
Business
1 answer:
nadezda [96]3 years ago
8 0

Answer:

Cutting department= 9.9%

Explanation:

Giving the following information:

Using the direct method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced.

Square Feet

Janitorial Department 100

Cafeteria Department 10,000

Cutting Department 2,000

Assembly Department 8,000

Total square feet= 20,100

Cutting department= 2,000/20,100= 9.9%

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General pharmacy’s stock has a beta of 1.8 and an expected return of 14%, and sicoras corp.’s stock has a beta of 1.5 and an exp
Shalnov [3]
Given:
<span>General pharmacy’s stock has a beta of 1.8 and an expected return of 14%,
Sicoras corp.’s stock has a beta of 1.5 and an expected return of 16.2%.

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Let Rm stand for expected market return.

General Pharmacy: 14% = Rf + 1.8(Rm-Rf)
Sicoras Corp.: 16.2% = Rf + 1.5(Rm-Rf)

0.14 = Rf + 1.8Rm - 1.8Rf
0.14 = Rf - 1.8Rf + 1.8Rm
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</span><span>0.162 = Rf + 1.5(Rm-Rf)
</span>0.162 = Rf + 1.5[(0.078+0.444Rf) - Rf]
0.162 = Rf + 0.117 + 0.666Rf - 1.5Rf
0.162 - 0.117 = Rf + 0.666Rf - 1.5Rf
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<span>Rm = 0.078 + 0.444Rf
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Rm = 0.078 + 0.120
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Rf = 27.1% ; Rm = 19.8%

The risk free rate is 27.1% and the expected market return is 19.8%.

To check, simply substitute the value of Rf and Rm in the above equation.
5 0
3 years ago
Roberta is trying to decide whether to vote for a political candidate. based on what she has read about him, she has concluded t
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dusya [7]

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