Todweed Academy Allocates Marketing and Administrative Costs to Its Three

question 46

Multiple Choice

Todweed Academy allocates marketing and administrative costs to its three schools based on total annual tuition revenue for the schools:
Using revenue as an allocation base,the amount of costs allocated to the Upper School is calculated to be:

• A)$240,000.
• B)$360,000.
• C)$400,000.
• D)$480,000.
• E)$600,000.

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Definitions:

Product

The result of multiplying two or more numbers together or the substances formed at the end of a chemical reaction.

Concentration

The measure of the amount of a sub-component (especially solute) in a solution, denoting how much of a substance is contained in a certain amount of another substance.

Shift

In a general sense, it refers to a change or movement from one position, state, or direction to another.

Equilibrium Constant

A number that expresses the ratio of products to reactants at equilibrium for a chemical reaction, indicating the extent of the reaction.