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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) $80,750 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, 2,636,250 for sales and 2,395,250 for administration, calculate the copy department costs allocated to sales.
Ironore Limited is an iron mining company whose mines are slowly being depleted (i.e., little by little, the amount of iron ore available in the mine is declining as the ore is extracted each year). Therefore, investors expect Ironore’s Net Income to..
brown ltd operates outdoor amusement centres in a number of country towns. the company has decided to build another
The current dividend yield on CJ’s common stock is 1.89 percent. The company just paid a $1.23 annual dividend and announced plans to pay $1.27 next year. The dividend growth rate is expected to remain constant at the current level. What is the requi..
As a finance officer at your company, you have been asked to conduct an analysis of the possible impact on your corporation of the new currency, the euro, which started circulating on January 1, 2002, in 12 of the 15 European Union member countries. ..
The Perfect Rose Co. has earnings of $2.00 per share. The benchmark PE for the company is 13. What stock price would you consider appropriate? What is stock price if the benchmark PE were 16?
When valuing stocks (and in particular, deciding what stocks to buy and at what price), two basic methodologies can be employed- fundamental analysis and technical analysis. In relation to investments in equity, argue from a Shari'ah perspective, whi..
You have been asked to evaluate the proposed acquisition of a new clinical laboratory test system. The systems price is $50,000, and it will cost another $10,000 for transportation and installation. What is terminal cash flow at end of year 3? If the..
Suppose an investment will pay $1,000 ten years from now. If you can earn 6% annual rate by depositing your money in a bank, how much should you pay for the investment today?
Sitwell Enterprises began the year with $1,000,000 in total assets and ended the year with $1,500,000 in total assets. It had no debt at the beginning of the year, but it had $200,000 at the end of the year. What was Sitwells net worth (that is, tota..
A firm is reviewing a project with labor cost of $6.20 per unit; raw materials cost of $22.45 a unit, and fixed costs of $11,000 a month. Sales are projected at 8,200 units over the 3-month life of the project. What are the total variable costs of th..
From October 2007 to March 2009, the market declined about 57%. It then advanced in 1 year about 69%. Determine by calculations if investors were ahead after the advance or not?
The C. Alice Stone Company's common stock has paid a $3 dividend for so long that investors are now convinced that stock will continue to pay that annual dividend forever. If the next dividend is due in one year and investors require 8% return on the..
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