Answer:
The correct answer is R49.8224/$.
Explanation:
According to the scenario, the computation of the given data are as follows:
Exchange rate at beginning = R43.125/$
Inflation rate in India = 19%
Inflation rate in U.S. = 3 %
So, we can calculate the New exchange rate by using following formula:
New exchange rate = Beginning exchange rate × (Inflation A ÷ Inflation B)
= R 43.125 × (1.19 ÷ 1.03)
= R 49.8224/$
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Answer:
Increase by $75,000
Explanation:
Existing van New van
Original cost $56,000 $95,000
Annual operating cost $22,500 $15,000
Accumulated depreciation $33,000
Current salvage value of the existing van $27,500
Remaining life 10 years 10 years
Salvage value in 10 years, $ 0, $0
Annual depreciation, $2,300, $9,500
If Hartley's Meat Pies replaces the existing delivery van with the new one, over the next 10 years operating income will increase by 75000 dollars as follows:
New van ($15,000 × 10 years) - Existing van ($22,500 × 10 years) = $75,000
Answer: The correct answer is "A. A only".
Explanation: First-in, first-out (FIFO) process costing first transfers out the costs in beginning inventory because the oldest units are the first to leave (First in - First out).
And it does not require an additional step in cost allocation to units transferred out and the final Work-in-Process inventory.