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tekilochka [14]
3 years ago
12

Risk identification is determining which risks may adversely affect the development of the project work breakdown structure and

what the impact of each risk might be if it occurs. True False
Business
1 answer:
Andreyy893 years ago
3 0

Answer:

The correct answer is False.

Explanation:

The identification of risks and their subsequent management is one of the most important aspects in order to maintain control of a project. This allows the project manager to anticipate those situations that may compromise (or favor) the objectives, and define action plans for them in advance.

The first step in identifying risks is to define what a risk is. A risk is a known situation, which may or may not occur, and that if it occurs, will affect our ability to meet the objectives of the project (if it is negative it will be a risk, and if it is positive, an opportunity). Here it is important to highlight known, if we cannot define the situation we cannot consider it, and also the fact of being able to occur, which implies that the management of a risk will be affected by its probability of occurrence.

The identification of risks is developed during the planning phase, once we have defined the scope, the people involved in the project, the tasks to be carried out, and the schedule. Having these well-defined aspects is important because the risks must be related to a particular task (or group of tasks), and may arise from aspects related to the team or time.

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On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos
NeTakaya

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

           To sales A/c                             $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

         To Merchandise inventory A/c     $4,000

(To record the cost of goods sold)

4 0
3 years ago
On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to $3,800,0
RoseWind [281]

Answer:

Bad Debt Expense ($40,000 - $3,200)  $36,800

           To Allowance for Doubtful Accounts   $36,800

(Being the bad debt expense is recorded)

Explanation:

The adjusting entry is shown below:

Bad Debt Expense ($40,000 - $3,200)  $36,800

           To Allowance for Doubtful Accounts   $36,800

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets

And since there is a credit balance so the same is deducted from the account receivable

5 0
3 years ago
Identifying and appraising a company’s resource strengths and weaknesses and its external opportunities and threats is called: S
iren2701 [21]

Answer:

The correct answer is b. SWOT analysis.

Explanation:

SWOT analysis is a self-examination to determine the real strengths and weaknesses in order to establish the correct way to direct the operations of a company for the benefit of all. It is a way of visualizing the internal and external factors that affect business management, in order to propose solutions that allow an improvement in operations over time.

4 0
3 years ago
g Use the following abbreviations to answer this question: O Operating activities item I Investing activities item F Financing a
Furkat [3]

Answer and Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: It includes those transactions that after net income affect the working capital. It would subtract the increase in current assets and a decrease in current liabilities, while adding the reduction in current assets and a rise in current liabilities.

It would adjust those changes in working capital. In addition, the depreciation costs are added to the net income and the loss on the sale of assets is added, while the benefit on the sale of assets is subtracted

2. Investing activities: it tracks activities that involve purchasing and selling long-term properties. The purchase is a cash outflow while the sale is a cash inflow

3. Financing activities: it records activities that have an impact on long-term liability and equity balance of shareholders. Share issue is a cash inflow whereas redemption and dividend are cash outflows.

Based on this the classification are as follows

a. Payment of employee wages = Operating activities O = Outflow of cash deducted from the net income

b. Cash collected from customers for sales  = Operating activities O = Inflow of cash added from the net income

c. Payment of dividends = Financing activities F = Outflow of cash represents in a negative sign

d. Purchase of land for an office building  = Investing activities I = Outflow of cash represents in a negative sign

e. Repayment of debt owed to a financial institution = Financing activities F = Outflow of cash represents in a negative sign

f. Purchase of shares of another company = Financing activities F

g. Cash received as rent payment from a tenant in a building owned by the company = Operating activities O = Inflow of cash added from the net income

h. Issuance of shares =  Financing activities F = Inflow of cash represents in a positive sign

7 0
3 years ago
Prepaid Insurance is $23,149. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564
Lelechka [254]

Answer:

Journal Entry

December 31, 2017

Dr. Insurance Expense-Building $5,170

Cr. Prepaid Insurance-Building $5,170

Dr. Insurance Expense-Motor vehicle $6,816

Cr. Prepaid Insurance-Motor vehicle $6,816

Explanation:

First, we need to calculate the Amount of insurance expense accrued in the year for each insurance

Policy B4564

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $15,510 x 1 year / 3 years

Insurance expense accrued = $5,170

Policy A2958

Insurance expense accrued = Total Insurance amount x Time accrued in the year / Term of Policy

Insurance expense accrued = $10,224 x 12 months / 18 months

Insurance expense accrued = $6,816

6 0
3 years ago
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