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2 years ago

Daniels Corporation uses the step-down method to allocate service department costs to operating departments.

Business

1 answer:

larisa86 [58]2 years ago

5 0

Answer:

C 503,980 dollars

Explanation:

$\left[\begin{array}{ccccc}&General&Physical&Sales&After-sales\\$General&&2,000&27,000&14,000\\$Physical&1,000&&38,000&7,000\\$Direct \: Cost&36,550&70,300&412,500&480,880\\$Allocate G&-36,550&1,700&22,950&11,900\\$Subtotal&0&72,000&435,450&492,780\\$Allocate P&0&-72000&60,800&11,200\\$Total&&&496,250&503,980\\\end{array}\right]$

We determinate each service deparment rate:

general: 36,550 / (2,000 + 27,000 + 14,000) = 0.85

we then assign cost of general department and repeat the process for physical

then for physical we do the same:

72,000 / (38,000 + 7.000) = 1.60

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The following information pertains to Lance Company.

nalin [4]

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00

Less: Outstanding checks -$1,486.00

Adjusted bank balance $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance $10,746.00

5 0

2 years ago

You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose machine. The

marin [14]

Answer:

a. What is the initial investment at t=0?

-$90,000

b. What is the Cash Flow at year 1?

$33,950

c. What is the Cash Flow at year 3?

$40,270

d. What is NPV?

$1,788.50

Explanation:

initial investment $90,000

depreciation per year using straight line depreciation = $90,000 / 3 = $30,000

cash flow year 1 = [($40,000 - $5,000 - $30,000) x 0.79] + $30,000 = $33,950

cash flow year 2 = [($45,000 - $6,000 - $30,000) x 0.79] + $30,000 = $37,110

cash flow year 3 = [($50,000 - $7,000 - $30,000) x 0.79] + $30,000 = $40,270

using an excel spreadsheet I calculated the NPV = $1,788.50

3 0

2 years ago

When Arturo Gomez opened his Mexican restaurant in a fashionable suburb of Kansas City, he believed that the most important elem

Lady bird [3.3K]

Answer:

B. Selling

Explanation:

Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.

One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.

Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.

4 0

2 years ago

Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase

zimovet [89]

Answer: a. 2.8

Explanation:

Given : Population mean : $\mu=\$6,000\text{ per day}$

Sample size : n= 49> 30 , the sample is a large sample we use z-test.

Sample mean = $\overline{x}=\$6,400\text{ per day}$

Standard deviation : $\sigma= \$1,000$

The test statistic for population mean is given by :-

$z=\dfrac{\overline{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}\\\\\Rightarrow\ z=\dfrac{6400-6000}{\dfrac{1000}{\sqrt{49}}}=2.8$

Hence, the value of the test statistic is 2.8

8 0

2 years ago

Suppose the baldwin company begins to compete through good designs, high awareness and easy accessibility for their existing pro

juin [17]

The answer is <u>"Niche differentiation".</u>

A differentiated business strategy is one of the two fundamental kinds of aggressive techniques that organizations use as a strategy. Generally, organizations can exploit one of the numerous conceivable approaches to differentiate themselves from contenders to drive business.

The littler organization should have a more tightly item center. A little meat packer, for instance, may concentrate on a niche or forte item. The bigger meat packer may exploit vertical reconciliation, taking more power over its store network. The littler meat packer may exploit vital advantage of strategic outsourcing.

6 0

2 years ago