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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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3 years ago
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3. expansionary monetary policy

Explanation:

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2 years ago
Novak Corporation is preparing its 2020 statement of cash flows, using the indirect method. Presented below is a list of items t
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Answer:

Code               Transaction

<u>_P-I </u>                 a. Purchase of land and building.

<u> A.</u>                    b. Decrease in accounts receivable.

<u>R-F</u>                   c. Issuance of stock.

<u>A.</u>                     d. Depreciation expense.

<u>R-I</u>                    e.Sale of land at book value.

<u>R-I</u>                    f. Sale of land at a gain.

<u>P-F</u>                   g. Payment of dividends.

<u>D</u>                      h. Increase in accounts receivable

<u>P-I</u>                     i. Purchase of available-for-sale debt investment.

<u>A</u>                       j. Increase in accounts payable.

<u>D</u>                       k. Decrease in accounts payable.

<u>R-F</u>                   l. Loan from bank by signing note.

<u>N</u>                      m. Purchase of equipment using a note.

<u>D</u>                      n. Increase in inventory.

<u>R-F</u>                   o. Issuance of bonds

<u>P-F</u>                   p. Redemption of bonds payable.

<u>R-I</u>                    q. Sale of equipment at a loss.

<u>P-I</u>                    r. Purchase of treasury stock.

Explanation:

Cash flow is categorized into three sections: operating, investing and financing activities.

Operating activities comprise of all cash activities relating to cash received from customers and cash paid to suppliers and other cash used in operation during the period.

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3 years ago
Interpersonal Professional Communication According to your textbook, when is an email message appropriate for communicating?
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Answer:

Explanation:

An email message is appropriate for communicating when sending short and informal messages, whether responding to inquiries or requesting for information from the recipient. An email message should be brief, concise, clear and straight to the point.

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Emails are not meant for angry responses, negative news, hence must be thoroughly edited because they are considered permanent once they are sent . The focal point of discussion should be the topic in an email communication; while it is advisable to begin communication only when one has been able to gather relevant information instead of just responding.

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Read 2 more answers
What is the expected annual capital gain yield for Orange Corp stock, based on the Constant Dividend Growth Model
lyudmila [28]

Complete Question:

What is the expected annual capital gain yield for Orange Corp stock, based on the Constant Dividend Growth Model? The company plans to pay an annual dividend of of $4.12 per share in one year. The expected annual growth rate of the dividend is 12.9%, and the required rate of return for the stock is 16.63%. Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).

Answer:

12.9%

Explanation:

As we know that:

Capital Gain Yield  = (P1 - P0) / P0

Step 1: Find P0

Po = D1  / (Ke - g)

Here

D1 is $4.12 per share

Ke is 16.63%

g is 12.9%

By putting values, we have:

Po = $4.12 / (16.63% - 12.9%)

= $110.46

Step 2: Find P1

P1 = D2  / (Ke - g)

Here

D2 = D1 * (1 + 12.9%) = $4.12 per share  * (1 + 12.9%) = $4.65

Ke is 16.63%

g is 12.9%

By putting values, we have:

Po = $4.65 / (16.63% - 12.9%)

= $124.70

<u>Step3: Find Annual Capital Gain Yield</u>

Capital Gain Yield  = (P1 - P0) / P0

Now by putting values, we have:

Capital Gain Yield  = ($124.7 - $110.46) / $110.46

= 12.9%

6 0
3 years ago
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