Helping others who need help on the job is important, regardless of the cost to me.

Your project sponsor has asked you to explain the negative or threat risk response strategies and the opportunity or positive ri

Semmy [17]

Answer: kindly check explanation

Explanation: Risk as related to a project may be reffered to as occurrences or factors which could affect a project, they may not always be negative as usually perceived, they may be positive. Hence, when a perceived negative risk is perceived, it is essential to escalate and ensure that the necessary stakeholders become aware so as to find ways of mitigating or avoiding such happening.

In the case of positive risk or opportunity, escalating is equally important as it ensures relevant executives are aware and hence work on ways or processes to foster, embrace and exploit the advantage.

3 0

2 years ago

The before-tax income for Culver Co. for 2017 was $101,000 and $84,100 for 2018. However, the accountant noted that the followin

valentina_108 [34]

Answer:

Corrected income before tax year 2017 = $65,690

Corrected income before tax year 2018 = $102,467

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Year 2017 ($) Year 2018 ($)

Income before tax 101,000 84,100

Corrections

1. In 2017, unearned sales -36,200

Sales added in 2018 36,200

2. In 2017, understated ending inventory 9,500

In 2018, overstated opening inventory -9,500

3. Add-wrongly charged interest expenses 13,800 13,800

Less-actual interest expenses

In 2017 ($230,000-$14,000)×7%=$216,000×7% -15,120

In 2018, bond of carrying amount

=$216,000+($15,120-$13,800)=$217,320

In 2018, Actual interest expense=($217,320×7%) -15,212

4 Add-wrongly charged depreciation expenses

In 2017=($8,100×10%) 810

In 2018,=($8,100-$810)×10%+$8,500×10% = 1,579

Less-actual expenses for repairs -8,100 -8,500

Corrected income before tax 65,690 102,467

4 0

2 years ago

Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of p

Anton [14]

Answer:

40,000 units

Explanation:

Given that,

Selling price per unit = $45 per unit

Variable cost per unit = $25

Fixed cost = $800,000

Contribution margin per unit:

= Selling price per unit - variable cost per unit

= $45 - $25

= $20

Break - Even units:

= Fixed cost ÷ Contribution margin per unit

= $800,000 ÷ $20

= 40,000 units

Therefore, the Break - Even sales in units are 40,000.

5 0

2 years ago

Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of

julia-pushkina [17]

Answer:

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant Actual Budget Over Budget (Under) Budget

Eastern Region $4,200,000 $4,250,000 $(50,000)

Central Region 6,175,000 6,200,000 (25,000)

Western Region 8,515,000 8,200,000 $375,000

$18,890,000 $18,650,000 $375,000 $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department Actual Budget Over Budget (Under) Budget

Chip Fabrication $4,300,000 $4,000,000 $300,000

Electronic Assembly 2,575,000 2,500,000 75,000

Final Assembly 1,640,000 1,700,000 $(60,000)

$8,515,000 $8,200,000 $375,000 $(60,000)

b. Memo to Randi Wilkes, Vice President

To: Vice President, Production

From: FC

Subject: Budget Performance Report—For the Month Ended June 30

Date: July 3, 2021

The above-mentioned subject refers.

The production division incurred $315,000 more costs than budgeted. The extra costs are reflected in the increasing cost of producing light duty motors in the Western Region. The overall increase is caused by the regional differences in Chip fabrication and Electronic Assembly.

There is a need to review production activities with these two production processes with a view to reducing costs.

Regards,

Explanation:

a) Data and Calculations:

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant Actual Budget Over Budget (Under) Budget

Eastern Region $4,200,000 $4,250,000 $(50,000)

Central Region 6,175,000 6,200,000 (25,000)

Western Region (g) (h) $(i)

$(j) $(k) $(l) $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department Actual Budget Over Budget (Under) Budget

Chip Fabrication $(a) $(b) $(c)

Electronic Assembly 2,575,000 2,500,000 75,000

Final Assembly 1,640,000 1,700,000 $(60,000)

$(d) $(e) $(f) $(60,000)

Delmar Company

Budget Performance Report—Supervisor, Chip Fabrication

For the Month Ended June 30

Cost Actual Budget Over Budget (Under) Budget

Factory wages $1,450,000 $1,200,000 $250,000

Materials 1,575,000 1,600,000 $(25,000)

Power and light 945,000 900,000 45,000

Maintenance 330,000 300,000 30,000

$4,300,000 $4,000,000 $325,000 $(25,000)

a. = $4,300,000

b. = $4,000,000

c. = $300,000 ($325,000 - $25,000)

d. = $8,515,000 ($4,300,000 + 2,575,000 + 1,640,000)

e. = $8,200,000 ($4,000,000 + 2,500,000 + 1,700,000)

f. = $375,000 ($300,000 + 75,000)

g. = $8,515,000

h. = $8,200,000

i. = $375,000

j. = $18,890,000 ($4,200,000 + 6,175,000 + 8,515,000)

k. = $18,650,000 ($4,250,000 + 6,200,000 + 8,200,000)

l. = $375,000

8 0

1 year ago

Describe the purpose of the SEC.

r-ruslan [8.4K]

the role of the SEC is to Protect investors. Maintain fair, orderly, and efficient markets.

5 0

2 years ago