Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Diane Thrift owns a personnel services company that provides temporary employees in four employment categories: (a) office/clerical; (b) hotel/motel; (c) restaurant/dining; and (d) hospital/medical. Ms.

Diane Thrift owns a personnel services company that provides temporary employees in four employment categories: (a) office/clerical; (b) hotel/motel; (c) restaurant/dining; and (d) hospital/medical. Ms. Thrift has organized her company into four departments, one for each category. The lease expense for her company office space is $8,700 per month. She allocates the monthly lease expense among the four departments based on the number of temporary employees in each business category. Calculate the percents and the resulting allocations. Round each percent to the nearest whole number.

Department Number of Employees Percent of Total Allocation of Rent
(a) Office/clerical 270 %______ $ ______
(b) Hotel/motel 90 %______ $ ______
(c) Restaurant/dining 450 %______ $ ______
(d) Hospital/medical 290 %______ $ ______
Total 1,100 100% $8,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Pairs Trading

Authors: Douglas S. Ehrman

1st Edition

0471727075, 9780471727071

More Books

Students explore these related Finance questions