While protecting a house, the risk management strategy that can be used by an individual is
- to set up a security system
- the installation of cameras at the front door and porch of the house.
Options A and B is the correct answer.
<h3>What is risk management?</h3>
Risk management is a process where a person tries to mitigate the risks in every possible way.
- The risk management strategy which can be utilized by an individual for protecting his/her house is to put a security system like handprint locks, alarms, etc. which will alert the individuals of the house if any criminal or thief tries to enter the house.
- Another way is to install the hidden cameras outside the house, especially at the entrance, which helped the individual to track the activities going outside the house.
Therefore, the individuals can protect their homes by installing the cameras on the front door and setting up a security system that could be used as a risk management strategy.
Learn more about the risk management in the related link:
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Answer:
Products D and E should be processed further while product F should be sold at the split off point
Explanation:
Product D E F
$ $ $
Sales at the split off point 10.30 11.40 19.80
Sales after split off point <u>14.90 15.80 22.20</u>
Additional sales per unit 4.6 4.4 2.4
Units sold(units) <u> ×4540 × 6,410 ×1750
</u>
Additional sales revenue 20,884 28204 4200
Further processing cost <u>(14,824)</u> <u>(20,554)</u> <u> (7,520)</u>
Incremental income or (loss) <u>6,060 </u> <u> 7,650</u> <u> (3320
)</u>
Products D and E should be processed further while product F should be sold at the split off point
Answer:
1. positive externalities
2. educational credit for the market failure
3. redistribution
4. failure to maximize the family utility
Explanation:
There are generally four rationales or logical thinking for the public provisions for education. They are the positive externalities, failure to maximize the family utility, educational credit for the market failure, redistribution.
Now each rationales provides reasons that educations is more likely to be underprovided without any intervention from the government. But many of them does not provide any reasons for the mandate of education.
Like suppose the government can support and solve any educational credit market failure by just offering some loan guarantees for the students while letting them chose to receive education or not.
Similarly government can also address positive externalities that are associated with productivity gains or just letting a person educated without any mandating it.
And finally, government redistributes the poor families through the progressive taxation or the offerings of free education without any mandating them.
Answer:
Closing Stock = <u>38000 </u>
Explanation:
Net Sales = COGS + Gross Profit
- <u>Net sales</u> = sales - sales return = 185000 - 6000 = 179000
- <u>Gross Profit</u> = 60% of sales (as per gross profit ratio)
= 60% of 179000 = 107400
- <u>COGS </u>= Opening Stock + Net Purchase + direct expenses - Closing Stock
* <u>Net purchase</u> = Purchase - purchase return = 111000 - 4500 = 106500
*<u>Direct Expense</u> = Freight Inwards = 3100
Putting all values in formula :- Net Sales = COGS + Gross Profit
179000 = (0 + 106500 + 3100 - closing stock) + 107400
179000 = 106500 + 3100 + 107400 - closing stock
179000 = 217000 - closing stock
closing stock = 217000 - 179000
closing stock = 38000
Answer:
$27,600
Explanation:
The maximum amount that the university should pay must be equal to the variable costs of the personnel department. The department's total costs are $35,500 and the variable costs are $22,000 and the avoidable fixed costs are $5,600, so as long as the university pays up to $27,600 (= $22,000 + $5,600) to the outside vendor, then it will not have increased its total costs.
The fixed non-avoidable costs = $35,500 - $22,000 - $5,600 = $7,900 will remain regardless of what decision is made. If the university pays more than the variable costs and avoidable fixed costs, e.g. $28,000, then total costs would be $36,900 which results in a $400 increase.
