Question
Better Finance, based in San Francisco, California, provides leasing and credit solutions to consumers and small businesses. If Better Finance wants to distribute $59,000 worth
Better Finance, based in San Francisco, California, provides leasing and credit solutions to consumers and small businesses. If Better Finance wants to distribute $59,000 worth of overhead by sales.
| New customer sales (NCS) | $ 4,970,000 |
|---|---|
| Current customer new sales (CCNS) | 4,970,000 |
| Current customer loan extension sales (CCLES) | 4,260,000 |
| $ 14,200,000 |
Calculate the overhead expense for each department.
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
