Answer: 92.7%
Explanation:
Due to the depreciation of the Dollar against the Pound, the foreign denominated deposit will have an even higher return.
Let's calculate that return.
= New Exchange rate - Former exchange rate / Former exchange rate
= 1.42142 - 1.23123 / 1.23123
= 0.15447
= 15. 4%
There is a gain of 15.4%.
In order to get the total dollar rate of return we add this just calculated return to the interest rate on pound which is 77%.
= 77 + 15.4
= 92.7%
In dollars then the return is 92.7%.
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Answer:
Income statement
Sales Revenue $ 612,000
Variable Overhead cost $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Explanation:
Income statement
Sales Revenue ( 9,000 units * $ 68) $ 612,000
Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
From the given scenario, it can
be inferred that Jake belongs to the information systems steering committee. <span>Steering committee make sure every IT project
supports business goals and objectives. It provides support, guidance and
oversight of progress. The committee is responsible for creating working groups
and choosing the right experts to complete a project.</span>
