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densk [106]
3 years ago
12

Match the given situations to the risks faced by the business. economic risks, natural disasters, right product, operations risk

, due to inefficiency of management, the business plan has failed, the finance team has misjudged the requirement of the business plan and chosen a wrong line of credit, flash floods have damaged all machinery in the main manufacturing unit, and there have been foreign exchange rate fluctuations.
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

Economic risks - there have been foreign exchange rate fluctuations.

Foreign exchange rate fluctuations are an economic risk, and they can represent a significant risk for many companies, for example, for companies that import or export goods.

Natural disasters - flash floods have damaged all machinery in the main manufacturing unit

Flash floods occur when a lot of rain falls in a very short period of time. They are a type of natural disaster.

Right product risk - the finance team has misjudged the requirement of the business plan and chosen a wrong line of credit

In this case, the company experienced the risk of choosing the right product or not, with the adverse effect that it did not choose it.

Operations risk - the business plan has failed

The goal of a business operation is to carry out the business plan, if the daily operations of the business fail to fulfill the business plan, then, the company has incurred in operations risk.

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What objectives of internal controls are of primary interest to an auditor performing a financial statement audit?
Fittoniya [83]

objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.

What are the primary objectives of internal control?

The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.

What are the 5 internal controls in auditing?

There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.

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8 0
1 year ago
Each of these items must be considered in preparing a statement of cash flows for Pharoah Company. for the year ended December 3
zavuch27 [327]

Answer:

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Explanation:

3 0
3 years ago
Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $44,000 in inventory. During t
Akimi4 [234]

Answer:

The answer is $18,810

Explanation:

Cost of goods sold equal:

Beginning or opening inventory plus purchases minus ending or closing inventory.

Monte Vista returned some inventories and also took advantage of discount. So this will reduce the cost of total purchases for the quarter.

Total purchase = new purchases minus purchase returns minus any discount enjoyed.

So total purchase is now:

$10,000 - $1,350 - $340

=$8,310

Therefore cost of goods sold is:

$44,000 + $8,310 - $33,500

=$18,810

4 0
3 years ago
1.3.2 Quiz: Income and Career
sukhopar [10]

Answer:

a

Explanation:

4 0
3 years ago
A monopolist will find that its marginal revenue curve Grupo de opciones de respuesta Lies below its demand curve and has the sa
alexdok [17]

Answer:

Lies below its demand curve and is steeper than its demand curve.

Explanation:

The marginal revenue curve for a monopolist lies below the demand curve because of the quantity effect. The quantity effect refers to the fact that even a monopolist must lower its price if it wants to sell a larger quantity of goods or services.

The slope of the marginal revenue curve is steeper than the demand curve because it reflects the market power of the monopolist. Instead, the marginal revenue curve for a perfectly competitive firm (with 0 market power) is horizontal or perfectly elastic.

5 0
3 years ago
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