Using the Step-Down Method and Assuming That the Human Resources

question 34

Multiple Choice

Using the step-down method and assuming that the Human Resources Department is allocated first,the amount of Human Resources cost allocated to Sales Department no.3 is:

• A)$12,000.
• B)$12,857.
• C)$13,500.
• D)$15,000.
• E)$22,500.

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Definitions:

Negotiable

Capable of being discussed and modified in a transaction or agreement.

Bearer Instrument

A financial document not assigned to a specific holder, thus whoever holds the document has the right to cash or transfer it.

Order Instrument

A financial instrument that is payable to a specific person or their order, thus requiring endorsement for transfer.

Bearer Instrument

A negotiable financial instrument, such as a check or bond, that entitles the holder in possession to the rights of the instrument, with no need to prove ownership.