A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $47,000 for the year, and departmental sales were as follows. Allocate advertising expense to Department T based on departmental sales.
Department S $109,000
Department T 218,850
Department U 142,150
Total 470,000
a) $47,000.
b) $21,885.
c) $10,900.
d) $16,567.
e) $13,900.

Answers

Answer 1

Answer:

Allocated advertising = $21,885

Explanation:

Giving the following information:

Advertising expense= $47,000

Sales:

Department S $109,000

Department T 218,850

Department U 142,150

Total 470,000

First, we need to calculate the proportion of sales of Department T:

Sales proportion Department T= 218,850 / 470,000= 0.4656

Now, we can allocate advertising costs:

Allocated advertising = 47,000*0.4656

Allocated advertising = $21,884


Related Questions

the first step in successfully creating and using a budget is

Answers

Answer:

Determine your income. Start with how much money you make after tax each month

Explanation:

i hope this help

Bruno's Lunch Counter is expanding and expects operating cash flows of $28,500 a year for 6 years as a result. This expansion requires $95,800 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $7,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 10 percent

Answers

Answer:

$25,276

Explanation:

The computation of the net present value is shown below:

The Present value of inflows is

= Cash inflow × Present value of discounting factor (rate% , number of years)

= $28,500 ÷ 1.1 + $28,500 ÷ 1.1^2 + $285,00 ÷ 1.1^3 + $28,500 ÷ 1.1^4 + $28,500 ÷ 1.1^5 + $28,500 ÷ 1.1^6 + $7,000 ÷ 1.1^6

= $128,076.25

And,

Present value of outflows is

= $95,800 + $7,000

= $102,800

So

As we know that

NPV = Present value of inflows - Present value of outflows

= $128,076.25 - $102,800

= $25,276

In examining investors’ preferences for dividends, it is useful to begin with the concept of dividend irrelevance. Dividend irrelevance suggests that in a world with no taxes or brokerage (or transaction) costs, firms and investors are indifferent to the paying or receiving of dividends. However, as these restrictions are relaxed, various factors suggest that firms should pursue high or low payouts. One such factor is:

Answers

Answer: Favor a high payout

Explanation:

Investors are allowed to exclude as much as 70% of dividend income from taxes. They will therefore demand a higher payout in terms of investment so that they make make more income after they exclude taxes.

For instance, assume investors had a choice between receiving $40 and $60 in dividends.

On $40, the non-taxable amount would be = 40 * 70% = $28

On $60, the non-taxable amount would be = 60 * 70% = $42

They will pick the higher payout of $60 in order to get more income after tax.

Jeff and Riley were married for 35 years when Riley died in July of 2016. The couple have two children who are 6 and 10 years old. Which of the following applies to Jeff regarding filing status?a) Jeff can file using any status he wants for the next 3 yearsb) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 and 2018c) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2016 onlyd) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 only

Answers

Answer:

(D) I think

Explanation:

When your husband or spouse dies,you file as a widower. If he has children he could get extra benefits because he can file his kids as a Dependent on his Taxes.

Hope this helps:)!

Stay beautiful ❤️

With Riley having died in 2016, the procedure would be that b) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 and 2018.

Special Qualifying WidowerAllows a widower to still fill taxes jointly as a married person for two years after the spouse dies. Can only apply if there is at least a single dependent child.

There are two dependent children in this scenario so Jeff qualifies for this filling status. As Riley died in 2016, Jeff's two years would be the years 2017 and 2018.

In conclusion, option B is correct.

Find out more on the special qualifying widower status at https://brainly.com/question/26021534.

Select the correct answer.
Information security professionals hack into computer systems.
A True
B. False

Answers

Answer:

true

Explanation:

Answer:

false

Explanation:

The Army receives proposals from eight different companies in response to a Request for Proposal (RFP). The Contracting Officer has identified the most highly rated proposals, determined the competitive range, and wants to get the offerors' best and final proposals. What type of information exchange would the Contracting Officer use to get the information needed to allow the offerors to revise their proposals

Answers

Answer: Negotiation

Explanation:

The contacting officer would use negotiating method to speak to the different companies. By the time he or she is able to communicate by negotiation, there would be results on what's needed for the final phase of the selection

John (45) and Cynthia (46) are married, and they will file a joint return. During the year, they earned investment income consisting of: $200 interest income from a savings account with their local bank, reported on Form 1099-INT. $350 interest income from a certificate of deposit held with another local bank, reported on Form 1099-INT. $100 in dividends from a savings account with a local credit union, reported on Form 1099-INT. $250 interest income from a U.S. Treasury note, reported on Form 1099-INT. $500 tax-exempt interest income from a municipal bond investment, reported on Form 1099-INT. $1,700 in ordinary dividends from a mutual fund investment, reported on Form 1099-DIV. Complete John and Cynthia's Schedule B (Form 1040), Interest and Ordinary Dividends.

Answers

Answer:

                          Calculation of Net taxable income

Particulars                                                        Amount        Amount

Interest income from savings interest                                   $200

Interest income from certificate deposit                                $350

Dividend from saving account with                                        $100

local credit union  

Interest income from us treasury note                                    $250

Tax exempt interest from municipality bond                          $500

Ordinary dividend                                                                     $1,700

Gross total income                                                                    $3,100

Income exempt

Dividend from saving account                           $100

Dividend from treasury note                              $250

Tax exempt interest from municipality bond    $500              $850

Net taxable income                                                                   $2,250

U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect the Group of answer choices overall balance of payments of the United States. competitive balance of free competition inside the U.S. national security of the United States. competitive balance of world trade. relationship of the U.S. with the world community.

Answers

Answer:

national security of the United States

Explanation:

In the case when the U.S firms, their foreign subsidiaries that have taken the license of United states to not sell the products to a country in which the considered thing is sale due to which it impact the united stated national security as these trade could be prevented because of the concern related to the national security

hence, the above is the correct option

Thus, the same is to be considered

"Political risk is the possibility that political events in a particular country will influence the economic well-being of a firm operating in that country. Multinational firms need to anticipate and manage political risk. In order to do that, the firm must understand the differing types of risks and their likelihood of occurrence. The political risks facing a multinational firm can be categorized as"

Answers

Answer:

macro risk and micro risk.

Explanation:

Political risks are crucial factors for a multinational company to make investments in a given country, due to the instability of the country's political scenario that can bring negative adverse effects to the company in a context of macro risk and micro risk.

Macro risk is that which is inherent in the country and affects all economic sectors equally, such as the risk of government expropriation.

Micro risk, on the other hand, is one that will impact only a specific business sector, such as corruptions that aim to defraud or harm an organization.

Recording Cash Discounts Schrand Corporation purchases materials from a supplier that offers credit terms of 2/15, n/60. It purchased $12,500 of merchandise inventory from that supplier on January 20, 2019. Required a. Assume that Schrand Corporation paid the invoice on February 15, 2019. Prepare journal entries to record the purchase of this inventory and the cash payment to the supplier using the net-of-discount method.

Answers

Answer:

Schrand Corporation

Journal Entries:

January 20, 2019:

Debit Inventory $12,500

Credit Accounts Payable $12,250

Credit Purchase Discounts $250

To record the purchase of inventory on credit terms, 2/15, n/60.

February 15,. 2019:

Debit Discount Lost Expense $250

Credit Accounts Payable $250

To record the loss of discount following late payment.

Debit Accounts Payable $12,500

Credit Cash Account $12,500

To record the payment for purchase.

Explanation:

a) Data and Calculations:

Inventory purchase on January 20, 2019 = $12,500

Credit terms = 2/15, n/60

Net-of-discount purchase = $12,250 ($12,500 - 250)

Payment of invoice on February 15, 2019 = $12,500

b) The difference between the net and gross discount methods is that under the gross discount method, the purchases and Accounts Payable are  initially recorded at full value.  On the other hand, under the net discount method, the purchases and Accounts Payable are initially recorded at a reduced value.

The total asset market value of General Motors (GM) is $10 billion. GM has an equity market value (market capitalization) of $7 billion of equity. What are the weights in equity and debt that are used for calculating the WACC, respectively

Answers

Answer:

0.70,0.30

Explanation:

Calculation for the weights in equity and debt that are used for calculating the WACC respectively

Calculation for weights in equity

Weights in equity= $7 million / $10 million

Weights in equity = 0.70

Therefore the Weights in equity will be 0.70

Calculation for debt

Debt = ($10 million - $7 million) / $10 million

Debt=$3millon/$10 million

Debt= 0.30

Therefore the debt that are used for calculating the WACC will be 0.30

A company that sends email advertising messages to millions of individuals without their permission violates?

Answers

Answer

no it doesn't  violate because its and advertisement and millions of businesses do it

Explanation:

Answer:

the CAN-SPAM act

Explanation:

Factor Weight A B C
Convenience 0.15 85 85 82
Parking facilities 0.20 70 91 91
Display area 0.18 87 97 90
Shopper traffic 0.27 95 90 92
Operating costs 0.10 86 90 97
Neighborhood 0.10 88 92 84
1.00
Using the above factor ratings, calculate the composite score for each location.

Answers

Answer and Explanation:

The composite score for each location is as follows;

The Composite score for Location A is

= 85 × 0.15 + 70 × 0.2 + 87 × 0.18  + 0.27 × 95 + 86 × 0.1 + 88 × 0.1

= 85.7

= 86

The Composite score for Location B is

= 85 × 0.15 + 91 × 0.2 + 97 × 0.18 + 90 × 0.27 + 90 × 0.1 + 0.1 ×92

= 90.91

= 91

The Composite score for Location C is

= 82 × 0.15 + 91 × 0.2 + 90 × 0.18 + 92 × 0.27 + 97 × 0.1 + 0.1 ×84

= 89.64

= 90

Hasty and Tasty Foodservice received a 120-day, 8% note for $96,000, dated April 9 from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $fill in the blank a7f48f054fe7fee_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank.

Answers

Answer:

a. Month   Days

    April      21 (30 -9)

    May       31

    June      30

    July        31

    August    7

    Total        120 days

Thus, due date of the note is August 7

b. Interest      =  $2,560 [$96,000 * 8% * (120/360)]

  Principal     =  $96,000

Maturity value $98,560

c. Date     Account Titles                 Debit         Credit

   Aug 7.   Cash                              $98,560

                       Note receivables                       $96,000

                        Interest revenue                       $2,560

In deciding whether to drop or keep a product line, all of the following are relevant to the decision except: a. Whether dropping the product line today would eliminate future options for growth and expansion. b. Demand interdependencies across product lines of the company. c. The level of unavoidable fixed costs. d. Effect of the decision on overall company morale. e. The segment margin generated by the product line.

Answers

Answer:

c. The level of unavoidable fixed costs.

Explanation:

Product line in marketing is considered as a group of different products that are related to each other and often targets to the same thing. They are marketed and created under a single brand and sold by the same company. An example of it is product line hair care like shampoo, hair gel, hair wax, hair oil, etc.

Deciding a product lining is very essential to the organization. The growth and the expansion of the company depends upon the product lining of the future options. Therefore, dropping off a product line or keeping it should be decided properly. It also affects the overall morale of the company.

The relevant margin that is generated by the product line of the company should also be checked before deciding.    

“EBIT is generally considered to be independent of financial leverage, because EBIT is the result of a firm’s operating effectiveness. However, with an excessive debt levels, EBIT might actually be influenced by financial leverage.”

Comment on the statement above.

Answers

Answer:

The answer is below

Explanation:

EBIT is known as an accounting measure to determine the profit level of a firm. It is an acronym of Earnings Before Interest and Taxes.

EBIT is generally considered to be independent of financial leverage because EBIT is the result of a firm’s operating effectiveness.

This is true because, EBIT is based on the firm's level of sales and cost of operation, of which financial leverage has no effects on it.

However, with excessive debt levels, EBIT might be influenced by financial leverage.

This implies that even though the financial leverage of a firm has no direct influence on EBIT, in a situation whereby a firm is operating at huge deficits, every aspect of the film will be concerned. This will include staff, customers, investors, and operational activities, thereby affecting the firm's sales and cost of operation. As a result, this will ultimately affect the firm's EBIT.

If a large, undiversified oil company used information technology in order to manage organizational coordination, it is likely trying to offset problems with

Answers

Answer: diseconomies of scale

Explanation:

Diseconomies of scale is a scenario that occurs when the growth of a particular company brings about an increase in the company's cost per unit. A rise in output in turn, leads to a rise in cost.

Therefore, if a large, undiversified oil company used information technology in order to manage organizational coordination, it is likely trying to offset problems with diseconomies of scale.

Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $31,500 for medical insurance and contribute an additional $9,650 to a retirement program. Record the entry for these accrued (but unpaid) benefits on December 31.

Answers

Answer:

Date                     Details                                                Debit               Credit

December 31,      Employee benefits expense            $41,150

                             Medical insurance payable                                    $31,500

                             Employee Retirement program                             $9,650

                             payable

Working

= 31,500 + 9,650

= $41,150

Apollo Inc. has an unfunded pension liability of $900 million that must be paid in 30 years. If the annual interest rate is 6% compounded semiannually, what is the present value?

Answers

Answer:69420 milliom

Explanation:

Nice

Marie is expected to receive $25,000 at the end of 7 years. If the interest rate is 10% per year, how much is it worth at the end of 10 years?

Answers

The answer is $33,275

NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $0.47 a share. The following dividends will be $0.52, $0.67, and $0.97 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3.3 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 14 percent

Answers

Answer:

P0 = $7.383535 rounded off to $7.38

Explanation:

Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the price of the stock today, we will use the following formula,

P0 = D1 / (1+r)  +  D2 / (1+r)^2  +  ...  +  Dn / (1+r)^n  +

[(Dn * (1+g)  /  (r - g))  /  (1+r)^n]

Where,

r is the required rate of return

g is the constant growth rate in dividends

n is the number of years

P0 = 0.47 / (1+0.14)  +  0.52 / (1+0.14)^2  + 0.67 / (1+0.14)^3  +  

0.97 / (1+0.14)^4  +  [(0.97 * (1+0.033)  /  (0.14 - 0.033))  /   (1+0.14)^4]

P0 = $7.383535 rounded off to $7.38

Suppose the Federal Reserve (the Fed) announces that it is raising its target interest rate by 50 basis points, or 0.50%. It would achieve this by _____________________: The sequence of events that results in a new equilibrium interest rate, after the Fed makes the change you selected, may be described as follows: Because there is ____________ in the financial system the quantity of money demanded __________.

Answers

Answer: decreasing money supply; less; decreases.

Explanation:

When the Federal Reserve wants to increase its target interest rate by 50 basis points, this can be done if the Fed reduces the money supply that is in circulation.

This will in turn, lead to a new equilibrium rate and there will also be a decrease in money in the financial system as there'll be a reduction in the quantity of money demanded.

OKRs were naturally integrated into the management of MyFitnessPal. A successful innovation to the OKR system made by Mike Lee was to match objectives to people rather than match people to objectives.
A. True
B. False

Answers

Answer:

A. True

Explanation:

Since in the question it is mentioned that QkR is naturally integrated into the MyFitnessPal management. Also the innovation would become the successful when the objectives are matches according to the people instead matching  the people to objectives as in this the people are aligned and understand what the firm wants that they work like this

Therefore the given statement is true

Wildhorse Co. took a physical inventory on December 31 and determined that goods costing $198,500 were on hand. Not included in the physical count were $25,000 of goods purchased from Waterway Industries, FOB, shipping point, and $26,000 of goods sold to Oriole Company for $30,000, FOB destination. Both the Waterway purchase and the Oriole sale were in transit at year-end.What amount should Wildhorse report as its December 31 inventory

Answers

Answer:

$249,500

Explanation:

Calculation for the amount that Sheridan should report as its December 31 inventory

Using this formula

December 31 inventory=Goods costing+Goods purchased +Goods sold

December 31 inventory=$198,500+$25,000+$26,000

December 31 inventory=$249,500

Therefore the amount that Sheridan should report as its December 31 inventory will be $249,500

The process for applying for a work permit at the Manchester department of labor is as follows. First, the administrator fills out an application (5 minutes) and takes a picture (1 minute). Then, a clerk enters the information and processes the permit (5 minutes). There are two administrators and three clerks. If the number of licenses per hour for the administrators is 16 and the number of licenses per hour for the clerks is 20.57, what is the hourly service rate for administrators

Answers

Answer:

the hourly service rate is 10

Explanation:

The computation of the hourly service rate for the administrator is shown below:

= total minutes for filling out the application by an administrator × number of administrator

= 5 minutes × 2 administrator

= 10

Hence, the hourly service rate is 10

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for May

Answers

Answer:

Total cash collection May= $60,000

Explanation:

Giving the following information:

Cash collection:

30% are collected in the month of sale

60% are collected in the first month after sale

10% are collected in the second month after sale.

Sales:

April= $60,000

May= $80,000

We need to calculate the cash collection for May:

Cash collection:

Sales in cash May= (80,000*0.3)= 24,000

Sales in account from April= (60,000*0.6)= 36,000

Total cash collection May= $60,000

(a) How does Alibaba implement competitive pricing strategy in market

Answers

Explanation:

Alibaba is a Chinese business group that uses one of its main business strategies to offer a lower price than its competitors.

There are several reasons why Alibaba is able to maintain this strategy competitively, for example, as it is a group of companies with different niches and different suppliers, it is possible to find a variety of them within the group's e-commerce, which makes there are options for price variations and incentive for the consumer to choose. In addition, the price variation remains at a healthy level that does not generate losses for Alibaba.

The group also maintains a strategy of offering discounts to consumers that generate greater purchase motivation, such as discount coupons, gifts, free shipping, etc.

Sally Clark purchased 500 shares of ABC corporation for $10 per share and oaid a total commission of $200. The current price of the stock is $12 per share. Last year, Sally received dividends of $2 per share​

Answers

Answer:

38.46%

The question

Based on the information given, compute stock returns.

Explanation:

The percentage return will be

The actual returns/ amount invested x 100

Returns represent gains from the share.

1. The gain in share price

= Current value - original value

=($12 x 500 ) - ($10 x 500)

=$6,000 - $5,000

=$1,000

2. gain from dividends

=$2 x 500

=$1,000

Total gain = $1000 + 1000 = $2000

The amount invested = original value + commissions

=($10 x 500) + $200

=$5200

The percentage gain

= $2000/5200 x 100

=0.384615 x 100

=38.46%

Which of the following arguments are in favor of active stabilization policy by the government? Check all that apply

Answers

Answer:

D) Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.

Explanation:

The Federal Reserve (FED) can respond to excessive pessimism among consumers and businesses by expanding the money supply and lowering interest rates. To deal with excessive optimism they can do the opposite, they can shrink the money supply and increase the interest rate.

Describe THREE different types of warehousing

Answers

Answer:

1. Private Warehouses: Owned and managed by manufacturers and only them can store goods in it.

2. Public Warehouses: Managed by the general public and everyone can store goods in it on payment of rent.

3. Government Warehouses: Owned and managed by the government.

Explanation:

We need various kinds of goods in our everyday life. We may get a portion of these things in mass and store them in our home. Additionally, finance managers likewise need an assortment of products for their utilization. Some of them may not be accessible constantly. However, they need those things over time with no break.

The need for storage emerges both for raw material just as completed items. Storage includes legitimate plan for saving merchandise from the hour of their creation or buy till the real use. At the point when this storage is done for a huge scope and in a predefined way it is called 'warehousing'.

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Mission control erupts in celebration as the tension breaks, and a controller tells the crew "You got a bunch of guys about to turn blue, we're breathing again."How is the information in the excerpts different?The first excerpt is less emotional than the second excerpt.The first excerpt is less interesting than the second excerpt.The first excerpt is more emotional than the second excerpt.The first excerpt is more interesting than the second excerpt. Me gusta la ropa de buenaS2 Symbols porque tiene buena calidad (quality), pero muchas veces es muy cara what is the level of organization in living things true or false: as technology advances, the rate of advancement becomes faster. yooo please someone helppp I need help before its to late!!!!!I need to write a conclusion about Komodo dragons, it is informational and its about the problems they make but i just need help on the conclusion. Can someone help me with this ASAP Why was the First Amendment so important? 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Select 2 options.(1 Point)A) "She wept at once, with sudden, wild abandonment, in her sister's arms" (para. 3).B) "She was young, with a fair, calm face, whose lines bespoke repression and even a certain strength" (para8).C) "She knew that she would weep again when she saw the kind, tender hands folded in death" (para 14).D) "There would be no one to live for her during those coming years; she would live for herself" (para. 16).E) "There was a feverish triumph in her eyes, and she carried herself unwittingly like a goddess of Victory"(para. 23). Please only answer if you have the correct answer.Which of the following is NOT a change common to both boys and girls at puberty? A. Growth of underarm hairB. Increase in Muscle SizeC. Increase in height D. Mood Swings help with question 1 plssssss Create a new program in Repl.it called "Lists." Your goal for this program is to createsections of code that will perform different outputs with the list called, names whichcontains the following values - Peter, Bruce, Steve, Tony, Natasha, Clint, Wanda, Hope,Danny, Carol and the list called numbers which contains the following values - 100, 50, 10,1, 2, 7, 11, 17,53,-8, -4,-9,-72,-64, -80. At the beginning of your program, add in anycomments and create the two lists. Then create the following:1. A loop that will output every other name in the names list.2. A loop that will output only the positive numbers in the numbers list.3. A loop that will output the sum of all the values in the numbers list.4. A loop that will output only the numbers that are odd.5. A loop that will output only the names that come before "Thor" in the alphabet fromthe names list.6. A loop that will find the maximum or minimum value in the numbers list. This algorithmrequires an additional variable that is assigned to the first element in the list. Then, in aloop compare each element to the variable. If the element is > (for max) or < (for min),assign the variable to the element. After the loop, print the variable.HINT: len() is a helpful method that can be used on strings or lists to determine howFor lists that would mean how many elements are inside and for strings, How do you songwriters earn money from their songs -3(1)+(-3)(-1) =+()]-3(1) + (-3)(-1)=-3[0]-3(1)+(-3)(-1) =_+(-3)(-1) =+ Look at the following chemical equation.10Ag + S = 8Ag SWhat is true about this chemical equation? (Hint: The reactant is the substance at the start of a chemical reaction. The product is the substance at the end of the chemical reaction.A.It is unbalanced because the number of reactants is less than the number of products.IB.t is balanced because the products contain the same number of sulfur (S) atoms as the reactants.C.It is balanced because the mass of the reactants is equal to the mass of the products.D.It is unbalanced because the products contain fewer silver (Ag) atoms than the reactants. help meeeeeeeeeeeee its impossibleeeeee