Burton Co. Requests assistance allocating costs and determining the profitability of its two departments: Skis and Snowboards. Shared indirect expenses include rent and supervision. Use the Tableau Dashboard, with information from Burton’s December 31 year-end reports, for our analysis.
Compute gross profit for each department. 2. Allocate rent expense to each department.
Required 1Required 2
Compute gross profit for each department.
Department Gross Profit
Skis
Snowboards
Allocate rent expense to each department.
Rent expense Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost
Department Numerator Denominator % of Total
Skis
Snowboards
Totals
Answers
Based on the sales and cost of goods sold for both departments of Burton Co., the gross profits are:
Skis - $58,000.Snowboards - $15,000.The rent expenses can be allocated as:
Skis - $5,400.Snowboards - $2,400.What are the departmental gross profits?This can be found as:
= Sales - Gross profit
Ski department: Snowboards:
= 100,000 - 42,000 = 75,000 - 60,000
= $58,000 = $15,000
What are the rental expenses?The allocation base for the rent expenses is the square feet occupied by each department.
Ski department:
Allocation Base Percent of base Cost to be allocated Allocated cost
14,000 feet² 70% $8,000 $5,600
Snowboard department:
Allocation Base Percent of base Cost to be allocated Allocated cost
6,000 feet² 30% $8,000 $2,400
Percent of base for Ski department is:
= 14,000 / (14,000 + 6,000)
= 70%
Allocated cost is:
= 70% x 8,000
= $5,600
Percent of base for Snowboard department is:
= 6,000 / (14,000 + 6,000)
= 30%
Allocated cost is:
= 30% x 8,000
= $2,400
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Answer:
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Explanation:
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Answer:
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Explanation:
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Answer:
C.The stock market only affects people who invest in it.
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The incorrect statement that economists is "the stock market only affects people who invest in it". The correct option is C.
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The lists that detailed the two jobs are related to the annual wages and job-related factors.
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Answer:
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Answer:
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Answer:
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Answer:
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Answer:
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Explanation:
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Answer:
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Answer: Lender of last resort
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Real earnings decreased for high school education because globalization has helped those with greater education more than those with less education.
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Dale, a senior accountant, references the company’s accounting statements as the basis for a summary of his firm’s financial information, products, and growth plans for owners and potential investors. The summary Dale is preparing is called a(n)
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The summary that Dale, a senior accountant, is preparing with reference to the company's financial statements is called the annual report.
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Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made
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Some of the decision styles that are crucial to an individual or business include:
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What types of financial records do you need to keep for tax purposes?
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b. bank statements
c. receipts
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Answer:
All of the above
Explanation:
They are all financial records you need to keep or tax purposes
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The strategies portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.
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Most companies tend to make use of content marketing to advert or market their product so as to increase sales.
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What are some things with investing that you should never do?.
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Answer: Sell a stock because it is going lower
Explanation:
This isnt always bad due to not trying to lose capital while a stock is tumbling.
But the best thing to do is sell a stock because you found a better one.
if you want a higher interest rate and need to make only a few transactions per month, which type of account should you choose?
1. Certificate of deposit
2. Checking account
3. Savings account
4. Money market account
Answers
Answer:
Money Market Account
Explanation:
Limits your number of monthly transactions.
Slightly higher interest rates than the basic savings account.
Answer:
1. Certificate of deposits
Explanation:
that is the answer
Warranties must be prominently displayed on vehicles being sold, as
guaranteed by the
O A. Credit Card Accountability, Responsibility, and Disclosure Act
B. Used Car Rule
O C. Uniform Commercial Code
O D. Bill of Consumer Rights
Answers
Answer:
B. Used Car Rule
Explanation:
Warranties must be prominently displayed on vehicles being sold, as guaranteed by the Used Car Rule. Hence, option B is correct.
What is warranty?A warranty is a form of written guarantee granted to a purchaser, by the virtue of which the purchaser is insured of any mentioned damages within a specified period, or as per the conditions of the issue of warranty.
As per the regulations made under the Used Car Rules, a seller has to specifically mention the details of warranties available to the buyer or purchaser upon the purchase of used vehicles.
Hence, option B holds true regarding the warranties on vehicles being sold.
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