Department a Had Total Sales of $40,000 and Department B

question 75

Essay

Department A had total sales of $40,000 and Department B had total sales of $10,000.If office salaries expense is allocated on the basis of total sales,____________________ percent would be used to determine the allocation for Department B.

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Definitions:

Maturity Value

The amount payable to an investor at the end of a fixed-term investment including the principal and the interest.

Compounded Annually

Compounding annually is a method where interest is added to the principal sum at the end of each year, impacting the total interest earned or paid.

Objective

A goal or target that is aimed to be achieved, often used in planning and strategy contexts.

Compounded Semi-Annually

Interest on an investment that is calculated twice a year and added to the principal sum, affecting the total interest earned.