Answer:
8.48%
Explanation:
First we calculate the future value of the investment of 10,000 pound invested at an interest rate of 5% for one year.
Future value = 10000(1+0.05)^1
Future Value = 10,500.
Now converting that into dollar:
At $1.65 per pound = $17,325
At $1.51 per pound = $15,855
Hence the dollar has gained its value against the pound sterling by almost 8.5%.
Good luck and cheers.
Answer:
c. Steve records receivables and writes off bad debts.
Explanation:
Segregation of duties is an internal control measure implemented by an organization to reduce the risk of fraud or error. It is the practice of separating duties to ensures mistakes, whether deliberate or not, do not happen without being detected by some else. In the segregation of duties, one person does not control transactions from start to finish.
Steve's role is of receiving inventories, and writing off bad debts poses a risk to the business. The two transactions relate to debt management. There is a likelihood of Steve interfering with accounts to records them as bad debts, yet he has received payments
A customer claims that they saw a rodent run through the dining area, so you examine the inside and outside and contact an exterminator immediately,
Rodents are mammals with extra-large front teeth. They use these teeth for gnawing to get at food and to find their shelter. If the rodent was seen by customers through the dining area, examine the area and try to calm down the situation by apologizing and assuring that you will have this matter dealt with asap.
This matter should be dealt soon, as it is quiet important, as the sighting of a rodent naturally raises food safety concerns. However, customers will understand that no one is perfect and mistakes can happen.
Hence, when the customers have your assurance that the matter will be taken care of, they will respect that.
To learn more about rodent here:
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Answer:
3.06 years
Explanation:
The break-even point is when the total revenue equals the total production costs. In case of the change in manufacturing plan, the break even point is when the additional fixed costs are equal to the savings from the reduced manufacturing costs
Total Manufacturing Costs
<em>Opt 1: Hand Tool Method</em>
Cost = 1.60$/unit*4200unit/year*xyear
Cost = $6720x
<em>Opt 2: Automated System</em>
Cost = 0.65$/unit*4200unit/year*xyear
Cost = $2730x
Additional Fixed Costs
Additional Fixed Cost = $13400 - $1200
Additional Fixed Cost = $12200
Break Even Point
Additional Fixed Cost = Opt 1 Manufacturing Cost - Opt 2 Manufacturing Cost
$12200 = $6720x - $2730x
12200 = 3990x
x = 3.06 years
Assumptions:
- The annual volume is the same every year
- The tools/system costs are a one time costs
- No depreciation of the system has been considered
- The manufacturing cost per unit is the same every year
- There are no other additional costs/expenses
$47,000 in total current liabilities.
$260,000- ($158,000+$55,000)= $47,000
