Answer:
a. 4000
Explanation:
Let the new currency be represented by a variable "XD"
Using the U.S /foreign currency exchange rate, find the cost of the same basket in XD;
If 1 USD = 2XD
then 2,000 USD = 2,000*2
= 4,000 XD
Therefore, if you were to buy the same basket of goods in the foreign currency, you will spend 4,000 units. This makes choice A correct
Answer: $14594
Explanation:
The budgeted selling expense for the manager for the month ended June 30 will be calculated thus:
The unit sales for June will be:
= [700 × (1 + 3%)]
= 700 × (1 + 0.03)
= 700 × 1.03
= 721 units
Commission will be:
= 2% × (721 × 700)
= $10,094
Therefore, the selling expenses to be reported will be:
= $10,094 + $4500
= $14594
Answer:
500
Explanation:
Cumulative voting allows a minority shareholder to cast a minimum of 100 times 5 equals 500 votes.
This is supposed to give him as much say in the company as other shareholders as he is able to vote.
Answer:
$17,500
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)
= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)
= $70,000 ÷ 2,800 hours
= $25
Now the fixed cost equal to
= High tutoring cost - (High service hours × Variable cost per hour)
= $125,000 - (4,300 hours × $25)
= $125,000 - $107,500
= $17,500
