: Saylind Molding paid $1,320,000 in rent for the year. The company's three departments are Headrests, Armrests, and Floor Mats. The accountant has identified two possible cost drivers. The number of employees in each department and the square footage of space occupied by each department. The number of employees working in each department includes 80 in the Headrest Department, 50 in the Armrest Department and 130 in Floor Mats Department. The departments occupy 15,000, 16,300, and 12,700 square feet, for Headrests, Armrests, and Floor Mats respectively. How much of the rent cost should be allocated to the products made in the Floor Mats department? Multiple Choice $381,000 $450,000 $489,000 $492,000
Answers
The rent cost that should be allocated to the products made in the Floor Mats department is $1,320,000.
There are two possible cost drivers that the accountant has identified: the number of employees in each department and the square footage of space occupied by each department.
Let's find out how much of the rent cost should be allocated to the products made in the Floor Mats department.There are 130 employees working in the Floor Mats Department and it occupies 12,700 square feet of space.
To allocate the rent cost, we need to determine the rate per cost driver for each department.Rate = Rent Cost / Cost Driver
For the number of employees:Headrest Department rate = $1,320,000 / 80 = $16,500 per employeeArmrest Department rate = $1,320,000 / 50 = $26,400 per employeeFloor Mats Department rate = $1,320,000 / 130 = $10,154 per employee
For the square footage of space:Headrest Department rate = $1,320,000 / 15,000 = $88 per square footArmrest Department rate = $1,320,000 / 16,300 = $81 per square foot
Floor Mats Department rate = $1,320,000 / 12,700 = $104 per square footNext, we need to use the rate per cost driver to allocate the rent cost to the products made in the Floor Mats department. We have two rates for Floor Mats Department; one for the number of employees and one for the square footage of space.
We need to choose the higher rate and use it for allocation since it will result in a higher allocation of rent cost to the products made in the Floor Mats department. The higher rate is $104 per square foot.
Floor Mats Department allocation = Square footage of Floor Mats Department × Rate per square foot= 12,700 × $104= $1,324,800
Therefore, the rent cost that should be allocated to the products made in the Floor Mats department is $1,324,800 or approximately $1,324,000. The closest option from the given multiple choices is $1,320,000 so we should choose the closest value which is $1,320,000.The answer is $1,320,000.
Know more about rent cost here,
https://brainly.com/question/3769370
#SPJ11
Related Questions
How do you approach Marketing design for a production?
Answers
2. A prototype
3. Final product
How does where you can purchase the candy affect the price? How does it affect the availability?
Answers
please help
Arthur showed up five minutes late to his job interview. His interviewer will likely wonder whether he possesses which important business skill?
Group of answer choices
punctuality
responsibility
integrity
ability to follow a schedule
Answers
Answer:
D) ability to follow a schedule
Answer:
Punctuality
Explanation:
I took this test, and this was the right answer
On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 1 options:
$46,789.33
$217,245.21
$98,514.57
$312.589.66
$187,518.64
$209,987.33
Question 2 (4 points)
Saved
On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 2 options:
$452,592.56
$278,582.56
$427,986.56
$438,478.56
$397,567.56
$301,578.66
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
Question 3 options:
$689,364.25
$254,369.25
$674,689.33
356,543.89
$701,055.34
$722,066.88
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?
Question 4 options:
1,238,547.66
1.788,398.13
1,897,384.66
1,254,642.98
2,121,361.87
Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
Question 5 options:
30
18
8
16
12
24
Question 6 (4 points)
Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
Question 6 options:
10 years
9 years
8 years
7 years
11 years
7.2 years
Question 7 (4 points)
Which of the following inestments would be considered the most liquid?
Question 7 options:
Real Estate
A one year CD
A standard savings account
A 401k
Question 8 (4 points)
Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.
Question 8 options:
403b
529
401k
savings account
checking account
Question 9 (4 points)
Saved
Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.
Question 9 options:
4%
8%
12%
16%
Question 10 (4 points)
Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?
Question 10 options:
$360
$60
.20
$300
Question 11 (4 points)
Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
Question 11 options:
20%
10%
360%
300%
Question 12 (4 points)
Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)
Question 12 options:
20%
10%
360%
300%
Answers
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
December 31, our company had a balance of $378,000 in its accounts receivable and an unused balance of $2,340 in its allowance for uncollectible accounts. The company then analyzed the ages of its accounts as follows:
Age of A/R Amount Bad debt estimation % Estimate
Current $311,400 1% $3,114
1–60 days past due 43,200 5% $2,160
61–180 days past due 15,300 15% $2,295
Over 180 days past due 8,100 40% $3,240
Total $378,000 $10,809
The company continues to base its allowance for uncollectible accounts on this aging analysis and percentages.
What amount of bad debts expense does the company report on its income statement for the year?
Select one:
a. $151,200
b. $10,809
c. $8,469
d. $378,000
e. $6,129
Answers
The amount of bad debts expense that the company reports on its income statement for the year is $10,809.
To determine the bad debts expense, we need to sum up the estimated bad debts for each age category. The bad debt estimation percentages are applied to the corresponding amounts to calculate the estimated bad debts.
For the current category, the estimated bad debts are $311,400 * 1% = $3,114.
For the 1-60 days past due category, the estimated bad debts are $43,200 * 5% = $2,160.
For the 61-180 days past due category, the estimated bad debts are $15,300 * 15% = $2,295.
For the over 180 days past due category, the estimated bad debts are $8,100 * 40% = $3,240.
Summing up these estimated bad debts gives us a total of $10,809, which represents the bad debts expense reported on the income statement for the year.
Learn more about bad debts here:
https://brainly.com/question/28993708
#SPJ11
Miguel is vice president of marketing at xyz corp. He is disappointed to learn that the vice president of sales at xyz earns 20 percent more than he does despite the two positions having similar levels of responsibility and impact. In this example, what method is miguel using to evaluate the fairness of his pay?
Answers
Miguel holds the position of vice-president of marketing at xyz Corp. Because Miguel ended up having $35 more so than he did, he is unsatisfied.
What are the many types of marketing?The 4 P are a "combination of strategies" that includes four crucial elements for selling a product or service product, price, place, and marketing. Businesses frequently consider the four Ps when creating plans and objectives for reach their intended audiences.
What is an effective marketing example?In a word, it is an effort to make customers aware of a business's offers, which can include both physical goods for sale or services rendered. Advertising on television, on billboards along the highway, and in magazines are all common examples of marketing in action.
Briefing
He spends $35 × 4 = $140.
He earns $21 × 5 = $105.
His net increase is $105 -140 = -$35.
Miguel ends up with $35 less than he started with.
To know more about marketing visit:
https://brainly.com/question/11531316
#SPJ4
Which of these is an off-site metric for social media marketing?
Answers
Answer:c
Explanation:
Ian is interested in purchasing bonds, but he is looking for bonds that aren’t related to the government. Which type of bonds would you suggest he purchase?
treasury bonds
municipal bonds
corporate bonds
general obligation bonds
Answers
Answer:
The principal of a Brady bond is backed by U.S. Treasury bonds that are deposited with the Federal ... A corporate bond has a 12% nominal yield. ... General Obligation Bond's credit risk:.
Explanation:
try it
Treasury bonds are the type of bonds would you suggest the purchase. Hence, option A is correct.
What is Treasury bonds?Until they complete, Treasury bonds provide a fixed rate of interest every six months. They are given out for 20 or 30 year contracts. Treasury Direct is where a person may purchase Treasury bonds from a financial institute. Additionally, a person can purchase them from a bank or broker.
Treasury bonds are among the safest assets a person can buy because they are supported by the full faith and credit of the United States Government. They often don't provide a very high return because there is so little chance that you will lose money.
Thus, option A is correct.
For more details about Treasury bonds, click here:
https://brainly.com/question/1246006
#SPJ5
What does it mean to consider logic when prioritizing tasks?
Answers
Explanation:
To consider logic when prioritizing task means: You should order them by how long they take to achieve.
Answer:
Considering logic requires understanding which tasks need to be completed first in order to allow other tasks to become possible to complete. Setting priorities using logic assumes that it will just make sense for some tasks to be completed earlier.
Explanation:
What did the British East India Company import?
Answers
Black pepper is imported by the British East India Company. In the first century of business, the British East India Company increased its economic clout in the Far East.
On the beginning, there was a learning curve: after the first 16-month round voyage from the Spice Islands (modern Indonesia), the company imported so much black pepper that the surplus in the market pushed prices lower. English and then British joint-stock corporation The East India Company (EIC) was established in 1600 and shut down in 1874. It was created to facilitate trade in the Indian Ocean region, first with the East Indies (the Indian subcontinent and Southeast Asia), then with East Asia.
Learn more about business here
https://brainly.com/question/15826604
#SPJ4
Gary Sirota sees the proposed Bajagua Project as a win-win scenario for the public due to the larger treatment capacity of the proposed plant and the lower cost per gallon. How might Serge Dedina respond
Answers
Answer:
the private sector should never build a plant, regardless of benefits, because water is a public resource that needs public oversight
Explanation:
The win-win situation refers to the situation in which each one is happy as a result that arrives is best and beneficial for the company
Since in the question, it is mentioned that there is a win-win scenario as there is a larger treatment for the public at a lower cost per gallon
Therefore by this, the private sector should never develop that plant i.e water as it is a resource that is consumed by the public irrespective of their benefits
what would be the best leadership strategy for a giver
Answers
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
T/F: when investing with a mutual fund, your return comes when the value of the fund increases.
Answers
The photocopier is considered a capital good or capital expenditure because it is a long-term asset that will be used by the law practice for business purposes over an extended period of time.
Capital goods are items that are purchased by a company to help produce goods or services, rather than being resold to customers. They are typically long-term investments that are used over several years and depreciated over time.
As a capital expenditure, the cost of the photocopier will be recorded on the firm's balance sheet as an asset and will be depreciated over its useful life. This means that the cost of the photocopier will be gradually expensed over time, rather than being fully expensed in the year of purchase.
Learn more about photocopier here:
https://brainly.com/question/15943996
#SPJ11
Tammy is the owner of British Brushes. Due to the price of paint, she has to raise the prices of her painting classes. What curve is affected and what determinant caused this change?
a. The Supply Curve shifted to the Left because the cost of inputs increased.
b. The Demand Curve shifted to the Right because of the change in consumer income
c. The Supply Curve shifted to the Right because the cost for new technology decreased
Answers
In a condition where Tammy has to increase the prices for her painting classes, the supply curve will show a shift to the left because the input costs also saw a rise. Therefore, the option A holds true.
What is the significance of input costs?Input costs can be referred to or considered as costs that are associated with the production of goods or services for a firm in the economy. A business can not grow or sustain without incurring input costs. When input costs for a firm increase, the supply curve of an economy shifts to the left.
In the above condition, when prices of paint increase, it also leads to an increase in the input costs for Tammy, and as a result of the same, the supply curve shows a shift towards the left.
Therefore, the option A holds true and states regarding the significance of input costs of British Brushes.
Learn more about input costs here:
https://brainly.com/question/15120703
#SPJ2
What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Answers
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
To learn more about investing, click here.
https://brainly.com/question/15353704
#SPJ1
when a transaction that involves earnest money has consummated, when and how must the sponsoring broker disburse the funds?
Answers
The conditions of the purchase agreement and state law are often what regulate how earnest money is disbursed in a real estate transaction.
Nonetheless, generally speaking, the sponsoring broker is required to release the funds in accordance with the provisions of the purchase agreement once a transaction including earnest money has been completed. The earnest money will typically be kept in an escrow account until the deal is finalised. The broker will release the monies to the relevant party in accordance with the terms of the purchase agreement once the transaction has been completed. This can entail giving the buyer their money back if the deal falls through or using it to pay the price of the item if the deal goes through.
Learn more about broker here:
https://brainly.com/question/14094023
#SPJ4
Ford held the Hall of Fans Sweepstakes in partnership with the PBR (Professional Bull Riding) World Finals. Participants entered online for the chance to win a new 2019 Ford F-150 truck and a VIP trip for two to the PBR World Finals in Vegas. Which promotional element was Ford using here
Answers
Ford utilized sweepstakes as their promotional element in the Hall of Fans campaign, partnering with the Professional Bull Riding (PBR) World Finals.
This marketing strategy allowed participants to enter online for a chance to win a 2019 Ford F-150 truck and a VIP trip for two to the PBR World Finals in Las Vegas. Sweepstakes are an effective promotional tool that encourages customer engagement and generates excitement around a brand.
By offering an attractive prize like a new truck and an exclusive VIP experience, Ford aimed to increase brand awareness, boost product visibility, and create a positive brand association with the PBR World Finals. This type of promotion also allows Ford to collect valuable customer information for future marketing efforts.
In summary, Ford's use of sweepstakes in partnership with the PBR World Finals demonstrates a strategic promotional approach to engage customers and promote their brand.
You can learn more about sweepstakes at: brainly.com/question/14452984
#SPJ11
Help!
Which federal agency oversees how clean and how appropriately a restaurants prepare and store foods?
Answers
Answer:
FDA's Center for Food Safety and Applied Nutrition (CFSAN) seeks to ensure that these foods are safe, sanitary, nutritious, wholesome, and honestly and adequately labeled.
Explanation:
During the industrial age, inexpensive brands of consumer products called ________ ________ ___________ were developed for fresh mass markets.
Answers
During the industrial age, inexpensive brands of consumer products called consumer packaged goods. were developed for fresh mass markets.
Consumer Packaged Goods: What Are They?Customer packaged goods (CPG) are things that the average consumer uses every day and that need to be regularly replenished or replaced, such as food, drinks, clothing, tobacco, cosmetics, and household products. Fast-moving consumer goods, commonly referred to as consumer packaged goods, are things that are readily and affordably sold. Examples include non-durable home items including packaged foods, drinks, toiletries, candy, cosmetics, over-the-counter medications, dry goods, and other consumables. Food, drinks, cosmetics, and cleaning supplies are a few examples of consumer packaged goods.
To know more about Consumer Packaged Goods visit:
https://brainly.com/question/14985377
#SPJ4
b. Assume the creation of city parks has spillover benefits that improve society as a whole. Explain two positive extemalities associated with making more parks. Who receives the external benefits? Explain what the government must do to fix the positive externality. ECON EXTERNALITY REVIEW.
Answers
Answer:
Explanation:
The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4
zhang industries is preparing a cash budget for june. the company has $29,000 cash at the beginning of june and anticipates $97,000 in cash receipts and $121,290 in cash payments during june. the company has no loans outstanding on june 1. compute the amount the company must borrow, if any, to maintain a $22,000 cash balance.
Answers
Zhang Industries must borrow $17,290 to maintain a $22,000 cash balance at the end of June. To compute the amount Zhang Industries must borrow, if any, to maintain a $22,000 cash balance, we need to consider the following terms: beginning cash balance, cash receipts, cash payments, and required cash balance.
Here is the step-by-step explanation:
1. Calculate the total cash available in June:
Total cash available = Beginning cash balance + Cash receipts
Total cash available = $29,000 + $97,000
Total cash available = $126,000
2. Calculate the cash deficit or surplus at the end of June:
Cash deficit/surplus = Total cash available - Cash payments
Cash deficit/surplus = $126,000 - $121,290
Cash deficit/surplus = $4,710
3. Calculate the amount the company must borrow, if any, to maintain a $22,000 cash balance:
Required borrowing = Required cash balance - Cash deficit/surplus
Required borrowing = $22,000 - $4,710
Required borrowing = $17,290
to know about cash balance visit:
https://brainly.com/question/28873432
#SPJ11
which of the following documents may a real estate licensee complete?
Answers
A real estate licensee may be able to complete the following documents, depending on their jurisdiction and the scope of their authority:
Listing Agreement: A real estate licensee may complete a listing agreement, which is a contract between a property owner (seller) and the real estate agent (listing agent) outlining the terms and conditions of the property's listing for sale or lease.
Purchase Agreement: A real estate licensee may assist in completing a purchase agreement, also known as a sales contract or offer to purchase. This document outlines the terms and conditions of a real estate transaction between a buyer and a seller.
Lease Agreement: A real estate licensee may help complete a lease agreement, which establishes the terms and conditions of a rental arrangement between a landlord and a tenant.
Disclosure Forms: Real estate licensees may assist in completing various disclosure forms that are required by law. These forms provide important information to buyers or tenants about the property's condition, known defects, environmental hazards, or any other relevant disclosures.
It is important to note that the specific documents a real estate licensee can complete may vary depending on local laws and regulations. Real estate licensees must comply with applicable laws, follow ethical guidelines, and ensure proper disclosure and documentation in their real estate transactions. It is advisable to consult with a qualified real estate attorney or regulatory authority to determine the permissible documents a real estate licensee can complete in a particular jurisdiction.
To learn more about jurisdiction
https://brainly.com/question/30361366
#SPJ11
Commercial hotels are usually in downtown or _____________ districts.
Answers
Answer:
buisness
Explanation:
Describe how a high level of flexibility would affect your performance in softball. Consider the benefits in many aspects of softball.
Answers
Answer:
you would be able to jump higher
you would be able to run quicker
you would be able to catch the ball better
Hope this helps!
Answer:
With a high level of flexibility for a volleyball player physical performance and muscle coordination would improve, it can even enhance the enjoyment of playing. One would be able to jump higher, move quicker and maybe even hit the ball further and all of this put together hopefully win too.
Explanation:
In the absence of international trade in leather boots, what will the domestic price?
Answers
In the absence of international trade in leather boots, the domestic price is likely to be influenced by several factors.
Firstly, the domestic price of leather boots would depend on the supply and demand within the country. If domestic production is high and demand is low, the price may decrease to encourage consumers to purchase more boots. Conversely, if domestic production is limited and demand is high, the price may increase due to scarcity.
Additionally, the absence of international competition may reduce price pressure, allowing domestic producers to potentially charge higher prices. However, it is important to note that various factors such as production costs, labor wages, and government policies can also influence the domestic price of leather boots.
Learn more about international trade here
https://brainly.com/question/30669489
#SPJ4
The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answers
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
help me please please
Answers
Answer:
A). compound interest
Explanation:
Hope that helped you :)
Answer:
Simple interest
Explanation:
I believe it's simple interest
If you are in the 28% tax bracket and owe $20,000 on $100,000 of taxable income, your average tax rate and marginal tax rate would be, respectively:
Answers
A person, who is in the 28% tax bracket and owes $20,000 on $100,000 of taxable income, has d. 20% for average and 28% for marginal.
What are average and marginal tax rates?The average tax rate is the product of tax liability over taxable income, multiplied by 100. The marginal tax rate is the product of the additional tax paid over additional taxable income, multiplied by 100.
Data and Calculations:Tax bracket = 28%
Taxable income = $100,000
Tax liability = $20,000
Average tax rate = 20% ($20,000/$100,000 x 100)
Marginal tax rate = 28%
Answer Options:a. 24% for average and 28% for marginal
b. 28% for both
c. Impossible to determine
d. 20% for average and 28% for marginal
Thus, a person, who is in the 28% tax bracket and owes $20,000 on $100,000 of taxable income, has d. 20% for average and 28% for marginal.
Learn more about marginal tax rates at https://brainly.com/question/25641320
Click this link to view O*NET's Tasks section for Construction Managers. Note that common tasks are listed toward
the top, and less common tasks are listed toward the bottom. According to O*NET, what are common tasks
performed by Construction Managers? Check all that apply.
x installing equipment, machines, wiring, or programs
* repairing machines or systems
conferring with supervisors, owners, contractors, or design professionals
preparing contracts and negotiating revisions, changes, and additions to contracts
scheduling a project
* performing routine maintenance on equipment
Answers
Answer: conferring with supervisors, owners, contractors, or design professionals.
preparing contracts and negotiating revisions, changes, and additions to contracts
scheduling a project
Explanation:
According to O*NET, the tasks for Construction Managers include:
• conferring with supervisors, owners, contractors, or design professionals.
• preparing contracts and negotiating revisions, changes, and additions to contracts
• scheduling a project.
The construction manager must schedule a project, prepare contracts and meet up with every stakeholders regarding the project so that the project will be achievable.
Answer:
3
4
5
Explanation: