Using the reciprocal services method, which of the following equations represents the algebraic expressions for the two equations needed to capture the total costs of a Janitorial Department (J) that includes not only $500,000 of direct costs but also 20% of the Maintenance Department (M) cost and a Maintenance Department that includes not only $250,000 of direct costs but also 40% of the Janitorial Department? (Hint: This equation is derived from the two separate equations representing each department's costs.)

a. J = ($500,000 × 0.20) + [($250,000 × 0.20) + J]

b. J = $500,000 – (0.20 × $250,000) – (0.20 × J)

c. J = $500,000 + [(0.20 ÷ $250,000) + (0.40 ÷ J)]

d. J = $500,000 + {0.20 × [$250,000 + (0.40 × J)]}

Answer:

The equation that represents the algebraic expressions for the two equations needed to capture the total costs of the Janitorial Department is:

d. J = $500,000 + {0.20 × [$250,000 + (0.40 × J)]}

Explanation:

a) Data and Calculations:

                                                 Direct costs   Percent of Service Dept.

Janitorial Department (J)          $500,000          20% of M

Maintenance Department (M)  $250,000          40% of J

b) The reciprocal services method reapportions the costs of the service departments to other service departments using a system of simultaneous equations.  With its complications, the reciprocal method is the most accurate and equitable method for apportioning service departments' costs to production departments.

Sarah Wiggum would like to make a single​lump-sum investment and have ​$1.6 million at the time of her retirement in 32 years. She has found a mutual fund that expects to earn 4 percent annually.
How much must Sarah invest​ today?
If Sarah earned an annual return of 16 ​percent, how much must she invest​ today?
If Sarah can earn 4 percent annually for the next 32 ​years, how much will she have to invest​ today?

advantages of profit maximization​

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c. 1,700 units
d. 136 units
e. 850 units

In a research proposal, which section comes first?

a) introduction

b) literature review

c) implications and limitations

d) method

​

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c. $202,000
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b. The average time a customer waits.
c. The average time a customer is in the shop.

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Any point on the budget constraint Multiple Choice Gives the consumer the highest level of utility. Represent a combination of two goods that are affordable. Represents combinations of two goods that yield the same utility. Reflects the price of one good divided by the price of another good.

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Rajiv loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fundraising drives. Economists would call Rajiv a . True or False: The government can solve the problem caused by people like Rajiv by sponsoring the show and paying for it with tax revenue collected from everyone. True False True or False: The private market can solve this problem by broadcasting Downton Abbey on cable TV, since then the good would be excludable and thus no longer a public good. True False

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B. the smaller the proportion of income spent on a​ good, the more inelastic demand will be.
C. the demand for food is less elastic than the demand for a Hawaiian vacation.
D. the demand for Nike running shoes is less elastic than the demand for shoes.
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Department Employees
Accounting 4
Production 36
Sales 12
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b. Production Sales
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c. Production Sales
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d. Production Sales
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Production Budget
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Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Pasadena Candle Inc.
Production Budget
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February 106,000 August 58,000
March 38,000 September 68,000
April 38,000 October 98,000
May 33,000 November 118,000
June 48,000 December 136,000

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Inventory of postage stamps $ 74
Money market fund balance $ 10,400
Petty cash balance $ 350
NSF checks from customers returned by bank $ 867
Postdated checks received from customers $ 791
Money orders $ 290
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b. December 31: Accrued interest on the Albertson note.
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Money market fund balance $2,790
Certificate of deposit maturing June 30 of next year $10,000
Postdated checks from customers $1,475
Cash in bank account $21,430
NSF checks from customers returned by bank $650
Cash in petty cash fund $200
Inventory of postage stamps $24

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