The three methods of allocating the costs of support departments to operating departments are:-
a. The direct (assignment) method ignores all services provided by one support organization to another support organization. Allocate the cost of each support department directly to the
operations department. The
b. step-down (allocation) method sequentially allocates support department costs to other his
support departments and operations departments in such a way that the
partially approves the mutual service of all support departments.
c. The Mutual (Attribution) process allocates support department costs to operations by fully authorizing the mutual services provided between all support departments.
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Answer: The correct answer is d). Can help you find just the right word for a given situation.
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Answer:
Wildhorse Corp. has inventory of $6,653,940
Explanation:
The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:
Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities
(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060
Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940
Explanation:
eliminate tariffs on intra-Africa trade, making it easier for businesses to trade within Africa and benefit from their own growing market; introduce regulatory measures such as sanitary standards and eliminating non-tariff barriers to trade; establish, in the future, a Common Continental Market.