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Eva8 [605]
3 years ago
11

In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single w

arehouse. The risk manager recommended that the finished goods be divided among three warehouses to prevent all of the finished goods from being destroyed by the same peril. Dividing the finished goods among three warehouses illustrates___________
Business
1 answer:
diamong [38]3 years ago
6 0

Answer:risk control

Explanation:Risk control is a step in the hazard management process. It involves finding a way to neutralize or reduce an identified risk.

Risk control begins with a risk assessment to identify the presence and severity of workplace hazards. Employers must then implement the most effective controls available.

In order of effectiveness (from most effective to least), risk control methods include:

Elimination: removing the risk entirely

Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks)

Engineering controls: modifications to the environment or equipment that poses the risk (such as installing mirrors in warehouses or machine guards on circular saws)

Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)

Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves

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Selzik Company makes super-premium cake mixes that go through two processing departments—Blending and Packaging. The following a
solmaris [256]

Answer:

Please see answers below

Explanation:

We know that ;

Beginning work WIP 10,000

Units started 170,000

a. Ending WIP 20,000

Material 100% complete = 20,000 EU

Conversion 100% complete = 8,000 EU

b. Units completed = 160,000

Units started and completed = 150,000

Beginning WIP costs;

Materials cost $8,500

Conversion cost $4,900

Costs added during the period;

Materials cost $139,400

Conversion cost $244,200

Equivalent units for July;

EU for materials = 170,000

EU for conversion = 7,000 + 150,000 + 8,000 = 165,000

Costs per EU:

Materials = $139,400 / 170,000 = $0.82 per EU

Conversion = $244,200 / 165,000 = $1.48 per EU

c. Total costs;

Ending WIP = [20,000 × $0.82] + [8,000 × $1.48] = $28,240

Units transferred out = [$383,600 - $28,240] + $8,500 + $4,900 = $368,760

d. Therefore,

Costs to be accounted for ;

Beginning work in process $13,400

Cost added $383,600

Total costs to be accounted for $397,000

Also,

Costs account ted for are as follow

Units transferred out $368,760

Ending WIP $28,240

Total costs accounted for $397,000

5 0
3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
Nitella [24]

The answer is C (from left to right): Treasury Bond, Diversified Mutual Fund, Stocks



7 0
3 years ago
Revenues are ______. earned by selling goods or services to customers the amount of cash a company has left after it has paid it
taurus [48]

Answer:

earned by selling goods or services to customers.

Explanation:

Revenues are earned by selling goods or services to customers.

This ultimately implies that, revenues are typically the income that are being generated from the provision of goods and services to meet the needs or wants of customers, as well as discounts and deductions for returned products.

<em>Generally, revenues forms the first line item reported on the income statement or is the beginning of an income statement</em>.

4 0
4 years ago
Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the unite
Gekata [30.6K]

Answer:

Japan     $760

The United States     $1,600

France          $6,320

Explanation:

Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.

The household saving rate is specified as total saving divided by disposable income.

Household saving = Disposable income * Households saving rate

Japan:

$40,000*1.9% = $760

United States :

$40,000*4% = $1,600

France :

$40,000*15.8% = $6,320

7 0
4 years ago
Weston's uses stralght-line depreclation to zero over a project's life. A new project has a fixed asset cost of $2,687,300 and p
nexus9112 [7]

Answer:

D) 15.76 percent

Explanation:

First, sum up the expected cash inflows;

= (95,000 + 162,000 + 286,000 + 304,000)

= 847,000

Next, find average cash inflows by dividing 847,000 by 4 years;

= 847,000/4

= 211,750

Initial amount invested = 2,687,300

Find the average amount by dividing 2,687,300 by 2

= 2,687,300/2

= 1,343,650

To find average accounting return, divide 211,750 by 1,343,650;

= 211,750 / 1,343,650

= 0.15759

As a percentage, it becomes 15.76%

4 0
4 years ago
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