Risk that exists both before and after controls have been put in place is known as inherent risk.
What is risk?
The term "risk" refers to degree of unfortunately and possibility of loss, injury and hazard. Risk is barrier in the organization.
The various risk levels in a process that have not been regulated or mitigated by risk management are referred to as inherent risk. The level of risk present even in the absence of safeguards is known as inherent risk.
As a result, Inherent risk is risk in the absence of controls and after controls have been implemented.
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A private company is a for-profit organization that does not belong to the state but a particular group or individual.
The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.
Private companies are also characterized by:
- It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).
- It can be sold to the State, but it would cease to be a private company.
- It can be privatized after being a public company.
- It can compete with the public company.
- You must pay taxes to the government and guarantee for your workers all the benefits established by law.
The private sector refers to the set of private companies in a country, they can be foreign or national companies.
Note: The question is incomplete. Here's the full question:
Define 'private sector'.
UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.
UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '
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Answer and Explanation:
According to the given question, the computation is shown below:-
a. The amount and character of gain Charlie recognizes from end-of-the-year distributions is
Particulars Amount
Tax basis a $18,750
Ordinary income b $23,750
Stock basis $42,500
(c = a + b)
Distribution $47,500 ($42,500 + $5,000)
b. The stock basis is
Particulars Amount Character
Gain $5,000 Capital ($23,750 - $18,750)
Stock basis - None
Answer: Quality control
Explanation: Quality control refers to the process under which an organisation tries to keep the quality of their goods produced as per the market standards. This process is used to keep the customer base rigid and stable or to decrease the production cost by rectifying the errors.
In the given case, omega is planning to minimize production mistakes by making each department monitoring their performance.
Thus, we can conclude that managers are engaged in quality control.
Answer: See explanation
Explanation:
a. The optimal order quantity can be calculated as:
= √2DS/H
where
D = 3 × 12 × 3487 × 0. 75
= 94149
Total cost incurred during purchase
= $1.55 + $0.70
= $2.25
Setup cost (S) = $186
Holding cost
= 32% × $2.25
= 0.32 × $2.25
= $0.72
Optimal order quantity
= √(2 × 94149 × 186)/0.72
= 6974.50
b. This will be calculated as:
Annual demand / EOQ
= 94149/6974.50
= 13.50
The company should order cotton 13.5 times per year.
c. Since the first order is needed on 1-July and lead time is 2 weeks, SYM should place the order before 17th June.
d. This will be:
= Annual demand / EOQ
= 94149/6974.50
= 13.5 orders
e. The resulting annual holding cost will be:
= 0.72 × (6974.50/2)
= 0.72 × 3487.25
= $2510.82
f. The resulting annual ordering will be:
= 94149/6974.50 × $186
= 13.5 × $186
= $2511
