The amount of janitorial department cost
The dollar Store has a Human Resources Department and a Janitorial Department that provide service to three sales departments. The Human Resources Department cost is allocated on the basis of employees, and the Janitorial Department cost is allocated on the basis of space. The following information is available:
Human
Resources Janitorial Sales #1 Sales #2 Sales #3
Budgeted cost $45,000 $30,000
Space in square feet 4,000 1,000 20,000 30,000 50,000
Number of employees 5 10 15 45 30
Using the direct method, the amount of Janitorial Department cost allocated to Sales Department no. 2 is:
$9,000
Expected delivery within 24 Hours
Sauders uses the step-down method of cost allocation and allocates cost on the basis of employees. Human Resources cost amounts to $1,200,000, and the department provides more service to the firm than Cafeteria.
A CD/$ bank trader is currently quoting a small figure bid-ask of 35-40, when the rest of the market is trading at CD1.3436-CD1.3441. What is implied about the trader's beliefs by his prices?
Complete the following departmental income statements, showing projected results of operations for the three sales departments. Round amount to the nearest whole dollar.
What is meant by a currency trading at a discount or at a premium in the forward market?
The Human Resources Department cost is allocated on the basis of employees, and the Janitorial Department cost is allocated on the basis of space. The foll.owing information.
Hooper Inc. had the following production and cost information for its painting department during April (materials are added at the beginning of the process)
Before paying employee bonuses and state and federal taxes, a company earns profits of $60,000. The company pays employees a bonus equal to 5% of after-tax profits. State tax is 5% of profits. Federal tax is 40% of profits.
Why does most interbank currency trading worldwide involve the U.S. dollar?
Who are the market participants in the foreign exchange market?
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