Reference no: EM13885406
Triton Company's copy department, which does almost all of the photocopying for the sales department and the administrative department, budgets the following costs for the year, based on the expected activity of copies:
Salaries (fixed) $88,750
Employee benefits (fixed) 10,000
Depreciation of copy machines (fixed) 10,000
Utilities (fixed) 5,000
Paper (variable, 1 cent per copy) 50,000
Toner (variable, 1 cent per copy) 50,000
The costs are assigned to two cost pools, one for fixed and one for variable costs. The costs are then assigned to the sales department and the administrative department. Fixed costs are assigned on a lump-sum basis, 40 percent to sales and 60 percent to administration. The variable costs are assigned at a rate of 2 cents per copy.
Assuming the following copies were made during the year, 2,828,250 for sales and 2,507,750 for administration, calculate the copy department costs allocated to sales.
Calculate each institutions cgap as percent of assets
: A thrift has an annual CGAP of -$25 million. A credit union has an annual CGAP of +$5 million. The thrift has total assets of $500 million and net income of $7.5 million and the credit union has total assets of $40 million and net income of $0.7 mill..
|
Discount rate is appropriate for this stock-what is value
: A fast-growing firm recently paid a dividend of $0.35 per share. The dividend is expected to increase at a 20 percent rate for the next four years. Afterwards, a more stable 11 percent growth rate can be assumed. If a 12.5 percent discount rate is ap..
|
Account that pays nominal interest rate
: Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interest rate of 11.33463% with the interest added (compounded) daily. how much will you have in your account on October 1, or 9 months later?
|
Determine the payback period-npv and irr for both project
: Determine the Payback period, NPV and IRR for both project A and B (show work). Which Project would you select and why? Be specific. Project A will require an initial investment of $ 200,000 and Project B will require and initial investment of $ 325,..
|
Based on the expected activity of copies
: Triton Company's copy department, which does almost all of the photocopying for the sales department and the administrative department, budgets the following costs for the year, based on the expected activity of copies: The costs are assigned to two ..
|
A fast-growing firm recently paid a dividend
: A fast-growing firm recently paid a dividend of $0.90 per share. The dividend is expected to increase at a 10 percent rate for the next three years. Afterwards, a more stable 5 percent growth rate can be assumed. If a 6 percent discount rate is appro..
|
What amount of fica tax will rasheed pay for the year
: Rasheed works for Company A, earning $350,000 in salary during 2014. Assuming he has no other sources of income, what amount of FICA tax will Rasheed pay for the year?
|
Two stocks to be correctly priced relative to each other
: Stock Y has a beta of 1.45 and an expected return of 15.1 percent. Stock Z has a beta of 0.9 and an expected return of 11.8 percent. Required: What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
|
Should the preferred stock include a call provision
: The Tsetsekos Company was planning to finance an expansion. The principal executives of the company all agreed that an industrial company such as theirs should finance growth by means of common stock rather than by debt. Should the preferred stock in..
|