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
katovenus [111]
3 years ago
10

Marsden Company has three departments occupying the following amount of floor space: Department 1 15,000 sq. ft. Department 2 10

,000 sq. ft. Department 3 25,000 sq. ft. How much store rent should be allocated to Department 3 if total rent is equal to $200,000?
Business
1 answer:
PolarNik [594]3 years ago
8 0

Answer:

the store rent that should be allocated in department 3 is $100000

Explanation:

if we assume that we charge the rent per square feet occupied, then we can say

department rent = charge per square feet* number of square feets

r = k*sf

also if

total rent = rent department 1 + rent department 2  + rent department 3

r total = r1 + r2 + r3 = k*sf1 + k*sf2 + k*sf3 = k*( sf1 + sf2 + sf3)

k= r total / ( sf1 + sf2 + sf3)

replacing values

k = $200000/(15000 sq.ft + 10000 sq.ft +25000 sq.ft ) = $ 4 per sq.ft

thus for department 3

r3 = k* sf3= $ 4 per sq.ft * 25000 sq.ft = $100000

rent department 3 = $100000

You might be interested in
Geraths Windows manufactures and sells custom storm windows for three season porches and also provides installation service for
Semenov [28]

Answer:

Kindly check Explanation

Explanation:

1st of July 2014:

No journal entry Dr.

No Journal entry Cr.

1st of September 2014:

CASH 2300 Dr.

ACCOUNTS RECEIVABLE 390 Dr.

INVENTORY 1700 Cr.

SALES REVENUE (2300/2890)×2690 - - 2140.8 Cr

UNEARNED SERVICE REVENUE (590/2890)×2690 - - - 549.2 Cr.

15th October 2014 :

CASH (2690 - 2300) - - 390 Dr.

UNEARNED SERVICE REVENUE - - 549.2 Dr.

ACCOUNTS RECEIVABLE - - - 390 Cr.

SALES REVENUE - - - 549.2 Cr.

5 0
4 years ago
2. What are some of the reasons people don’t manage their money well for the future?
Alecsey [184]
<span> reasons people don’t manage their money well for the future is that most of the peoples income is less than their expenditurs.an other reason is that some people have no idea about money management</span>
4 0
4 years ago
Read 2 more answers
Mean for in grouped data
liubo4ka [24]

Answer:

To calculate the mean of grouped data, the first step is to determine the midpoint of each interval or class. These midpoints must then be multiplied by the frequencies of the corresponding classes. The sum of the products divided by the total number of values will be the value of the mean.

3 0
3 years ago
You can insure a $42,000 diamond for its total value by paying a premium of D dollars. If the probability of loss in a given yea
ella [17]

Answer:

E(X) =\sum_{i=1}^n X_i P(X_i)

Replacing the values that we have:

1 = 0.98*a + 0.02(a-42) = 0.98a +0.02a -0.84

And solving for a we got:

1.84 = a

So then the premium value for the insurance on this case should be 1840 dollars.

Explanation:

For this case we can define the random variable X as the gain ( in thousand of dollars) of insurance company

We assume that the premium clase charge and amount of a to the company and we know from the info given that:

p(X=a) = 1-0.02 = 0.98

p(X = a-42) = 0.02

E(X) = 1 represent the expected gain in thousand of dollars

The expected value of a random variable X is the n-th moment about zero of a probability density function f(x) if X is continuous, or the weighted average for a discrete probability distribution, if X is discrete.

And using the definition for a discrete random variable we know that :

E(X) =\sum_{i=1}^n X_i P(X_i)

Replacing the values that we have:

1 = 0.98*a + 0.02(a-42) = 0.98a +0.02a -0.84

And solving for a we got:

1.84 = a

So then the premium value for the insurance on this case should be 1840 dollars.

5 0
4 years ago
On may 1, newtown motors, a used-car dealer, wrote a letter to o'reilly, which stated, "we have a 1969 pontiac firebird in mint
Studentka2010 [4]
<span>I don't think there was any official contract set in place. It says they wrote a letter and said they'd sell it before June 1st. However, this wasn't a contract. It was only a letter of information. No one had a contract so no contract could have been breached.</span>
6 0
3 years ago
Other questions:
  • Sunland Company has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividen
    8·1 answer
  • Explain the history of the country’s economy of cuba
    6·1 answer
  • Which of the following is TRUE regarding the economic order quantity (EOQ) model? A. Demand rate is dependent on order quantity.
    11·1 answer
  • A company’s dividend policy refers to the manner in which a firm distributes its earnings to shareholders. Georia Industries Inc
    9·1 answer
  • Is there gonna be another gremlins movies ?
    14·1 answer
  • Variable costs ______. remain constant in total and vary per unit. remain constant per unit and vary in total. remain constant b
    8·1 answer
  • Two supervisors, Justin and Sean, are given instructions to trim their group size by two people. Justin's personality tends to f
    14·1 answer
  • GIVE ME SOME DUMB BUT COOL ROAST LIKE
    8·2 answers
  • Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because
    9·1 answer
  • if you are going to create or own a business, what would it be? List at least 3 and cite your reasons why you have listed them.​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!