Hayley Doll owns a car stereo store. She has divided her store into three departments. Net sales
Question:
Hayley Doll owns a car stereo store. She has divided her store into three departments. Net sales for the month of July are as follows:
Deluxe: ........$33,600
Standard: ........ 38,400
Economy: ....... 48,000
Advertising expense for July was $20,000.
Allocate the advertising expense among the three departments on the basis of relative net sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Deluxe 33600 Standard 38400 Economy 48000 Total 120000 Deluxe 33600 120000 28 Standard 38400 12...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
For the month of July Up Payroll Services worked 3,000 hours for Dune Motors, 900 hours for Jake's Charters, and 1,500 hours for Mission Hospital. UP bills clients at $128 an hour; its labor costs...
-
The cash records and bank statement for the month of July for Glover Incorporated are shown below. Additional information: a. The difference in the beginning balances in the company's records and the...
-
The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In...
-
Halemav paid $2 in dividends for each share over the past year and the company is not expected to increase its dividend distribution in the future. The risk free rate is 2% and the risk premium on...
-
The nutrition label on a snack bar, which costs $1.00, reads - Serving size 42 g; Calories Per Serving 180. Determine (a) The heating value in MJ/kg. (b) Price in cents per MJ of heat release. (c) If...
-
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. 1. _________ is the process of analyzing current and...
-
A confidence interval for 1 is to be constructed from a sample of 20 points. How many degrees of freedom are there for the critical value?
-
Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: During the next...
-
Explain why a business has to trade off competitive dimensions in order to be successful.
-
Case 11-21 (Algo) Analytical case-complete an income statement and balance sheet using financial ratio data Financial ratios computed for Whittaker Incorporated include the following: Current ratio...
-
Weaverling Company rents 10,000 square feet of store space for $36,000 per year. The amount of square footage by department is as follows: Department A: ........2,600 sq. ft. Department B:...
-
Alexa Cole owns a business called Alexa's Bakery. She has divided her business into two departments: breads and pastries. The following information is provided for the fiscal year ended June 30,...
-
In Exercise 3 a) What is the null hypothesis tested for the coefficient of Run Time in the regression of Exercise 3? b) What is the f-statistic corresponding to this test? c) Why is this f-statistic...
-
Solve Exercise 7.21 by estimating the AR parameters using the autocorrelation method. Exercise 7.21 Use the covariance method to estimate the PSD of \(L=1024\) samples for the following signal:...
-
The following stages of a project are each contingent upon the preceding stage. If the preceding stage is not performed (accepted), then none of the subsequent stages may be performed. a. Remembering...
-
Draw the Lorenz curves for the income distribution in Australia and in South Africa. Is income distributed more equally or less equally in South Africa than in Australia? The table shows shares of...
-
An uncoupled \(20,000-\mathrm{kg}\) railroad hopper car coasts along a track at \(2.0 \mathrm{~m} / \mathrm{s}\). As it passes a grain chute, the chute opens (Figure P6.81), grain fills the car at a...
-
Use the periodogram algorithm to estimate the PSD of the following signal: \[x(n)=\cos \frac{2 \pi}{4} n+x_{1}(n)\] where \[x_{1}(n)=-0.9 x_{1}(n-1)+x_{2}(n) \text {, }\] where \(x_{2}(n)\) is a...
-
Briefly explain why the internet is often referred to as a 3-tier network.
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
A bond that matures in 6 years has a par value of $1,000, an annual coupon payment of $80, and a market interest rate of 9%. What is its price?
-
Northrop Supply Company received a 30-day, 6% note for $40,000, dated September 23 from a customer on account. a. Determine the due date of the note. b. Determine the maturity value of the note. c....
-
The MGM Mirage owns and operates casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of December 31, 2007, the MGM Mirage reported accounts and notes receivable of $452,945,000...
-
Journalize the following transactions in the accounts of Laser Tech Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Feb. 23. Sold...
-
Mr A just received a new Amex credit card. It will charge 20.74% p.a. compounding daily if he does not pay off his balance at the end of each month. He went on a shopping spree purchasing $107,489...
-
7. (30 pts) A particle confined to the surface of a sphere is in the state 2 where (N =-0).0 <0
-
According to your book, the US CDC reported that in 2011-2012 31.5% of US adults over 20 years old were obese and 69% were obese or overweight. What was the percentages in 1950?
Study smarter with the SolutionInn App