In the first quarter of $2022,$ Future$-$Tale Bank processed $108,000$ International transactions. Of those transactions, $15,000$ were cancelled and reverted, resulting in a $13\mathrm{.}8\%$ return rate. The rate of return is above the accepted $7\%$ rate and costs the company an additional $$520,000$ for the first quarter. Over the course of the year, the current process could result in an additional cost of over $$2\mathrm{.}1$ million. This will affect the overall financial position of the company and the loss of customers.

Identify the magnitude of the problem.

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The problem can be broken down into two main parts which determines its magnitude 1 Difference in th... View the full answer