subject
Business, 22.09.2020 14:01 lailalorinda

Assigning Cost of Resources to Activities, Unbundling the General Ledger Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Clerical Hours
Supervision $73,000 Processing accounts 9,000
Phone and supplies 99,000 Issuing statements 5,500
Salaries 260,000 Processing transactions 7,250
Computer 30,000 Answering customer inquiries 3,250
Total $462,000 Total 25,000
Computers are used only by the issuing (40 percent) and processing transaction (60 percent) activities. Phone and supplies are 70 percent customer inquiries with the other 30 percent divided equally among the remaining activities, including supervising the checking operation. The supervisor spends 100 percent of his time on supervision. In addition to the 25,000 clerical hours, there are 4,000 hours of supervision used (the hours used by the supervising clerks activity, which is not listed above).
Required:
1. Prepare a work distribution matrix for the five primary activities. If an answer is zero, enter "0".
Golding Bank
Percentage of Time on Each Activity
Activity Supervisor Clerks
Supervising clerks % %
Processing accounts
Issuing statements
Processing transactions
Answering customer inquiries
Feedback
Activity Total
Supervising clerks $
Processing accounts $
Issuing statements $
Processing transactions $
Answering customer inquiries $
2. If the cost of the supervising activity is assigned to the other four activities, what is the final cost of these four primary activities?
Processing accounts $
Issuing statements $
Processing transactions $
Answering customer inquiries

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, macylen3900
Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)
Answers: 2
image
Business, 22.06.2019 23:30, frankgore8496
What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.
Answers: 1
image
Business, 23.06.2019 00:30, evryday2285
Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias
Answers: 3
image
Business, 23.06.2019 00:50, Turtlelover05
Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.
Answers: 1
You know the right answer?
Assigning Cost of Resources to Activities, Unbundling the General Ledger Golding Bank provided the f...

Questions in other subjects:

Konu
English, 13.04.2021 17:20
Konu
Mathematics, 13.04.2021 17:20
Konu
Physics, 13.04.2021 17:20