Finkler Legal Services, LLC, Uses the Step-Down Method to Allocate

question 1

Multiple Choice

Finkler Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT) , and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Personnel costs are allocated first on the basis of employees and IT costs are allocated second on the basis of PCs.
-In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:

• A) $30,752
• B) $32,837
• C) $45,636
• D) $29,177

Apply nursing informatics to improve patient care and nursing practice.

Understand the role of technology in enhancing distance learning and telehealth in nursing.

Recognize the importance of health literacy and technological determinism in patient care and self-health management.

Understand the structure and purposes of various checking account-related documents and instruments, such as bank statements, cashier's checks, and certified checks.

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Definitions:

Journal Entry

A record of a financial transaction in the accounting system that includes the date, accounts affected, amounts, and description of the transaction.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified price, usually at a premium to the face value.

Market Rate

The prevailing interest rate available in the marketplace for instruments of similar credit risk and maturity.

Face Value

The nominal or dollar value printed on a bond, bill, or other financial instrument, representing the amount to be repaid at maturity.