Answer:
On January 1st, the $3,000 could buy 10,000 Swiss francs (3,000/0.3).
On June 1st, the $3,000 would buy 7,500 Swiss francs (3,000/0.4).
Explanation:
On January 1st, each Swiss francs could only purchase $0.30 while on June 1st, each Swiss francs could purchase $0.40.
These show that the Swiss francs had appreciated in value relative to the US Dollars with a positive change of 33%. Therefore, the dollar had weakened against the Swiss francs by the same rate.
Answer:
7500 Swiss francs
Explanation:
Working
January 1, Swiss francs = $0.3
$3000 will by 3000/0.3 = 10,000 Swiss francs.
June 1 , Swiss Francs = $ 0.4
$3000 will buy 7500 Swiss francs.
This also mean that in January 3.33 Swiss francs will buy 1 $
In June 1 , 2.5 Swiss francs will buy one dollar.
This shows that Swiss francs has appreciated in value against dollar over the months
Whirlpool bath $10,000
Maintenance of the whirlpool $1,000
Increased utility bills associated with whirlpool $1,000
Entrance ramp, various home modifications $10,000
Bebe Rexha's deductible medical expenses will be _______.
Answer:
$31000 will be allowed as expenditure
Explanation:
given data
Wheelchair = $10,000
Whirlpool bath = $10,000
Maintenance = $1,000
Increased utility bills = $1,000
various home modifications = $10,000
solution
as here value of the home increased = $1000
and that is increaed utility bill of the whirlpool
so that expenditure will be added to value of asset
so
total expenditure is = $10000 + $10000 + $10000 + $1000 = $31000
so $31000 will be allowed as expenditure
Answer:
Bank Reconciliation Statement
Balance at Bank as per updated cash book $29,950
Add Unpresented Cheques $7,100
Less Bank Lodgements not yet credited ($7,700)
Balance as per Bank Statement $29,350
Explanation:
The first step is to update the Cash Book Bank Balance as follows :
Debit :
Balance as at May 31 (un-adjusted) $30,500
Totals $30,500
Credit:
Service Charges $250
Dishonored Cheque $300
Updated Cash Book Balance (balancing figure) $29,950
Totals $30,500
The next step is to prepare a Bank Reconciliation Statement
Bank Reconciliation Statement
Balance at Bank as per updated cash book $29,950
Add Unpresented Cheques $7,100
Less Bank Lodgements not yet credited ($7,700)
Balance as per Bank Statement $29,350
The Bank Statement has an error and must be reported :
After the Error is Reported, the Bank Statement will show a Balance of $29,350.
Adjustment Being as follows,
Balance as at May $28,800
Add Back Check Mistakenly drawn against Wright’s account $550
Balance as per Bank Statement $29,350
Upon assessing the costs of adding new suppliers and potential losses from a super-event, Phillip Witt of Witt Input Devices should manage three suppliers. Each supplier acts as an insurance against the super-event, with the cost to manage a new supplier being less than the potential loss from a super-event.
In this scenario, the president of Witt Input Devices, Phillip Witt, should consider the cost of adding a supplier against the potential risk of having them all shut down, causing a significant loss. The disadvantage of getting a new supplier is the marginal cost, which is $14,800. On the other hand, the potential loss that the firm could suffer in the event of a super-event is $480,000.
To solve this scenario, you need to consider each supplier as a form of insurance against the super-event. By looking at the probability of the super-event, we can obtain the expected loss per year which is 3% of $480,000 (0.03 * 480000 = $14,400).
Considering all factors, it appears that it would be economically feasible for Phillip Witt to manage three suppliers because the expected potential loss is less than the expense of adding a new supplier. Therefore, his best strategy is to maintain all three suppliers to minimize the overall risk.
#SPJ12
To minimize costs, Witt Input Devices should consider the likelihood of a total shutdown and the cost of managing additional suppliers. By calculating the expected cost for different numbers of suppliers, we can determine the optimal number that minimizes costs. This decision depends on the specific probabilities and costs involved.
To determine the number of suppliers that Witt Input Devices should use, we need to consider the likelihood of a total shutdown due to a 'super-event' and the cost of managing additional suppliers. According to the given information, there is a 3% probability in any year of a 'super-event' shutting down all suppliers for at least 2 weeks, resulting in a cost of $480,000. The 'unique-event' risk for any individual supplier is 5%. To minimize the overall costs, we should calculate the optimal number of suppliers by comparing the cost of managing additional suppliers to the potential losses from a shutdown.
The marginal cost of managing an additional supplier is $14,800 per year. Let's assume that Witt Input Devices can choose up to three nearly identical local suppliers, and we need to find the ideal number of suppliers for minimizing costs. We can start with one supplier and calculate the expected cost. If there is a 'super-event,' the cost will be $480,000. If there is no 'super-event,' the cost will be the annual cost of managing one supplier, which is $14,800.
Next, we can calculate the expected cost for two suppliers. The probability of both suppliers being shut down due to a 'super-event' is the square of the individual risk, which is (0.03)^2 = 0.0009. The cost would then be $480,000. The probability of only one supplier being shut down is calculated as the sum of the probability of exactly one supplier being shut down multiplied by the probability of the other supplier not being shut down. This comes out to be 2 * (0.03) * (0.97) = 0.0582. In this case, the cost would be 2 * $14,800 = $29,600. Finally, the probability of both suppliers being operational is (0.97)^2 = 0.9409, resulting in a cost of 2 * $14,800 = $29,600. Therefore, the expected cost with two suppliers is 0.0009 * $480,000 + 0.0582 * $29,600 + 0.9409 * $29,600.
We can extend this calculation to find the expected cost for three suppliers. The probabilities of all three suppliers being shut down, two suppliers being shut down and one supplier being operational, and one supplier being shut down and two suppliers being operational can be calculated using the same approach. The expected cost in this case will be 0.0009 * $480,000 + 0.0582 * $29,600 + 0.0582 * $29,600 + 0.9409 * $29,600.
By comparing the expected costs for each number of suppliers, we can determine the optimal number of suppliers that minimizes costs. The answer will be the number of suppliers with the lowest expected cost. The result will depend on the specific values of the probabilities and costs involved.
#SPJ2
state government officials demand that the SEC should look into the financial dealings of all these organizations
B.
state government officials recruit auditors to review the financial records
C.
state government officials themselves audit these organizations
D.
state government officials review the audit performed by CPA firms for such organizations
The correct option is D. state government officials review the audit performed by CPA firms for such organizations
The following information should be considered:
Learn more: brainly.com/question/16911495
This is op's alt account its D
Answer:
Explanation below.
Explanation:
The recommendation that I will give or propose is that the agreement must have a legal backing.
This is the best recommendation that a wise person can proposes. It is a show of height of stupidity when an individual go into conjunction with another person without any written agreement that is backed legally. This because, when there is a problem in the future, the documents will be a way to solve it.
The other secondary option is written and signed agreement with video recording. This is not as good as the one mentioned above, but can still be considered as an alternative.
Answer:
$6,000
Explanation:
Interest calculation : June 30 - December 31
Time frame between the two dates is 6 months, thus charge half year`s interest.
Interest calculation = $120,000 x 10 % x 1/2 = $6,000
therefore,
The interest revenue that would be recorded for the year ending December 31 if the sale was made on June 30 is $6,000.