Use This Information for ABC Corporation to Answer the Questions

question 143

Multiple Choice

Use this information for ABC Corporation to answer the questions that follow.
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ABC Corporation has three service departments with the following costs and activity base:
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ABC has three operating divisions, Micro, Macro and Super. Their revenue, cost and activity information is as follows:
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-What is the service department charge rate for the Accounting Department?

• A) $714
• B) $250
• C) $625
• D) $0.004

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Definitions:

Current Account

The section in a nation’s international balance of payments that records its exports and imports of goods and services, its net investment income, and its net transfers.

Investment Income

Income earned from the investment of capital in assets such as stocks, bonds, real estate, or other investment vehicles.

Dollar/Yen Market

The foreign exchange market involving the trading of US dollars and Japanese yen.

Appreciate

To increase in value or price, often in the context of financial investments or currency valuations.