Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Answer:
Explanation:
1st strategy : Selling pound forward
The spot rate of the pound is quoted at $1.51.
The one-year forward rate exhibits a 2.65% premium.
The one-year forward rate = 1.51 ( 1+ 0.0265)
= $ 1.55
Dollars received = 100000 * 1.55 = $155000
2nd strategy : Buying put option
The strike price of put = $1.54
premium on option is $.03
Amount received per option = $ 1.54 - $ 0.03 =$1.51
Total Dollars received = 100000* 1.51 = $ 151000
the best possible hedging strategy is Selling pound forward and receiving $155000
Answer:
Flexible budget cost variance= $6,400 unfavorable
Explanation:
<u>To calculate the flexible budget cost variance, we need to use the following formula:</u>
Flexible budget cost variance= (standard costs*actual quantity) - actual costs
Flexible budget cost variance= (6*27,500) - 171,400
Flexible budget cost variance= 165,000 - 171,400
Flexible budget cost variance= $6,400 unfavorable
One of the factors is: heat
Actually, heat is the number one concern in this matter.
In order to reproduce, bacteria need to live in an environment that has a certain degree of warmth. This is why people stored their meat on fridge, because it create a low temperature environment that can't be sustained by the Bacteria
Answer:
The common stockholders will receive $222,000.
Explanation:
The preferred stockholders will have the right over the common stockholders to receive the dividend payable to them.
In the question:
+ The dividend payable to preferred stockholders in one-year is calculated as: Share outstanding x Dividend percentage x stated value of preferred stock = 120,000 x 8% x 5 = $48,000;
+ The dividend payable to preferred stock is for 3 year ( past two years plus current year), so total dividend payable is: 48,000 x 3 = $144,000.
So, preferred stockholder will be paid $144,000 out of $366,000 dividend distributed this year.
=> Amount of dividend distributed to common stockholders = 366,000 - 144,000 = $222,000.
