How much should each division be charged for legal services

Assignment Help Accounting Basics
Reference no: EM132776060

Problem - The centralized legal department of Johnson Company has expenses of $600,000. The department has provided a total of 2,000 hours of service for the period. The East Division has used 500 hours of legal service during the period, and the West Division has used 1,500 hours. How much should each division be charged for legal services?

Reference no: EM132776060

Questions Cloud

What is the residual income for the division : The Wholesale Division of PeanutCo has income from operations of $87,000 and assets of $240,000. What is the residual income for the division
Compute the return on investment and show the profit margin : Campbell Company has income from operations of $35,000, invested assets of $140,000, Compute the return on investment and show the profit margin
Discuss the concept of the pareto principle : Explain the concept of self-appraisal and how can it contribute to a performance review and Explain the concept of peer appraisal and outline one benefit
Determine the amount the South Region costs : The North Region's costs were under budget by $2,000. Determine the amount the South Region's costs were over or under budget
How much should each division be charged for legal services : The centralized legal department of Johnson Company has expenses of $600,000. How much should each division be charged for legal services
Provide an estimate of the firm value today : The expected rate of return on the investment to be undertaken next year is 30%. Provide an estimate of the firm's value today
Why would researchers study particular issues : Positive Accounting Theory assumes that all individual action is driven by self-interest, Why would researchers study particular issues
What was the correct total inventory value : All 1,000 units are expected to be sold in 2021. What was the correct TOTAL inventory value that should be used for product XX at December 31, 2020
What would be the operating profit or loss : The variable cost per unit is $25.51, Poseidon Swim has average fixed costs per year of $16,177. What would be the operating profit or loss

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd