1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Levart [38]
3 years ago
9

Assume the spot rate of the British pound is $1.73. The expected spot rate 1 year from now is assumed to be $1.66. What percenta

ge depreciation does this reflect?
Business
1 answer:
Alexandra [31]3 years ago
8 0

Answer:

The correct answer is 4.05%.

Explanation:

According to the scenario, the given data are as follows:

Spot rate = $1.73

Expected spot rate after 1 year = $1.66

So, we can calculate the depreciation percentage by using the following formula:

Expected Depreciation = (Expected spot rate after 1 year - Spot rate) / Spot rate

So, by putting the value

= ($1.66 – $1.73) / $1.73

= - $0.07 / $1.73

= - 4.05%

Hence, the depreciation percentage is 4.05%.

You might be interested in
Consider a production possibilities frontier (PPF) with good X on the horizontal axis and good Y on the vertical axis. The PPF i
Ahat [919]

Answer:

C

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

If the PPF is a straight line, it means there is a constant opportunity cost no matter the point one is on the curve

8 0
4 years ago
How can verbal feedback affect customer encounters? Give 3 real lifelexamples. (good or bad) Follow the​
yawa3891 [41]

Explanation:

Example 1: the numeric NPS response

Everyone loves a handy dandy NPS survey. They give you an easy glimpse into how your customers are thinking about your brand or your business, and quantify just how happy they are with your services.

But, not all NPS surveys or responses are created equal.

Let’s say your business sends out an NPS survey to a random sample of customers. Of that sample, 65% are promoters (and gave you a 9-10 rating), 25% are neutral (a 7-8 rating), and 10% are detractors (a 0-6 rating). Of that sample, only a handful of the promoters wrote feedback about why they picked the score they did. The rest simply clicked a number and then went about their day.

Where do you go from here? How can you convert those neutral customers into promoters, and raise the bar for the detractors to bring them closer to your ideal score without written feedback?

NPS is helpful, but only when it gives you a clear picture of what your customer was thinking and provides tangible feedback you can incorporate into your organization.

Example 2: a “yes” or “no” response to an FCR survey

Now, let’s say every time a customer creates a Support ticket, your organization sends an automated First Contact Resolution survey once the ticket is closed.

Most often, a FCR survey is just one question – Were we able to help you resolve your issue? – with a simple “yes” or “no” response.

Receiving a “yes” is, of course, great – it means your agents were able to help your customer get to the bottom of their issue and helped make their day a little better. Receiving a “no,” on the other hand, is the exact opposite; it means your agents weren’t able to successfully meet the needs of your customer, and they’ve been left frustrated by the experience, with their issue still unresolved.

So what happens after a “no”?

Depending on what you use to capture FCR. it could be nothing. “No” responses are simply filed away in a folder, maybe you ping your agents to get more context on the particular issue, and everyone pretends it didn’t happen.

If you want to turn those “no” responses into actionable customer feedback, however, it’s crucial to have tools for your business like Service Recovery.

With Service Recovery, you have the ability to flag any “no” responses and fire off a follow-up survey to your customer, get more clarity from them on how you missed the mark, and dig in deeper to resolve their issue.

Plus, you get the added benefit of being able to re-survey your customers, which means even more insight for your team on the value of being able to circle back on negative FCR responses.

Win, win, and win.

8 0
2 years ago
Failure to pay on a mortgage is called
worty [1.4K]
The failure to pay on a mortgage is default. Basically, the default is the failure to meet legal responsibilities in a contract, including the failure to pay back a loan. A mortgage is considered a default when a payment is late for 30 days or more. 
6 0
3 years ago
Read 2 more answers
For a perfectly competitive firm, marginal revenue equals marginal cost at 250 units of output. At 250 units, price is greater t
kozerog [31]

Answer:

a. firm should continue to produce in the short run.

Explanation:

If at equilibrium price is greater than average variable cost, than the firm should continue to produce in the short run. Till the point the firm is able to cover its operational/variable costs it should not shut down in the short run.

8 0
3 years ago
Read 2 more answers
Lannister Inc. holds 12,000 units of inventory on January 1, 2017, which have the following costs using LIFO (last-in, first-out
lord [1]

Answer:

a. Lannister’s cost of goods sold (COGS) for the sale that occurred on January 3 is $834,000.

b. Lannister’s cost of goods sold (COGS) for the sale that occurred on January 12 is $260,000

c. Lannister’s cost of goods sold (COGS) for the sale that occurred on January 25 is $264,000.

Explanation:

Perpetual last in first (LIFO) refers to an inventory costing method in which the costs of the last inventory purchased at the time of sale are used first to cost the inventory sold before applying others in order in which the inventory were purchased last.

Therefore, we have:

a. Using perpetual LIFO, what was Lannister’s cost of goods sold (COGS) for the sale that occurred on January 3?

Cost of goods sold = Cost of first 6,000 units based on the cost of 6,000 units Lot I purchased on 12/22/2016 at $125 per unit + Cost of remaining 1,000 Based the cost of Lot F purchased on 10/15/2014 at $84 per unit = $750,000 + (1,000 * $84) = $834,000

b. Using perpetual LIFO, what Lannister’s cost of goods sold (COGS) for the sale that occurred on January 12?

Cost of goods sold = Cost of the 2,000 units sold based on the cost of 4,000 Purchased on January 10 at $130 per unit = 2,000 * $130 = $260,000

c. Using perpetual LIFO, what was Lannister’s cost of goods sold (COGS) for the sale that occurred on January 25?

Cost of goods sold = Cost of the 2,000 sold on the cost of 4,000 Purchased on January 18 at $132 per unit = 2,000 * $132 = $264,000

3 0
3 years ago
Other questions:
  • North Shore Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost     ​$138,000 D
    7·1 answer
  • A _______ is a ruling by the court that no trial is necessary because there are no essential facts in dispute. long-arm statute
    14·2 answers
  • Me: Ryan needs help with Accounting as soon as possible. Ryan wrote:
    15·2 answers
  • Ima, Boyd, and their fellow employees at Endrun work on an assembly line and do not have a specialized skill. If they are succes
    9·1 answer
  • Lucinda cares a lot about the amount of work being produced by her team, but she is also concerned about her employees' job sati
    12·1 answer
  • According to classical macroeconomic theory, changes in the money supply affect: _________.(i) nominal variables, but not real v
    15·1 answer
  • Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:
    10·1 answer
  • During the initiation phase, what does project selection help to do
    7·1 answer
  • A good study group moderator will
    6·2 answers
  • a manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!