Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: Expense Basis for allocation Amount Administrative Square feet of floor space $ 32,000 Advertising Amount of dollar sales $ 25,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Produce 1,410 $ 97,000 Bakery 940 $ 47,000 Meats 2,350 $ 59,000 Totals 4,700 $ 203,000 What is the total administrative expense allocated to the Meats department

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%