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2 years ago

Responsibilities of a company's management in terms of risks include:

1 answer:

3 0

Designing and implementing an overall risk management process for the organisation, which includes an analysis of the financial impact on the company when risks occur
Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company
Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements
Establishing the level of risk the company are willing to take
Preparing risk management and insurance budgets
Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
Explaining the external risk posed by corporate governance to stakeholders
Creating business continuity plans to limit risks
Implementing health and safety measures, and purchasing insurance
Conducting policy and compliance audits, which will include liaising with internal and external auditors
Maintaining records of insurance policies and claims
Reviewing any new major contracts or internal business proposals
Building risk awareness amongst staff by providing support and training within the company

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Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea

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a. The amount of Alison's qualified research expenditures for the tax year is $251,250.

b. Alison's incremental research activities credit is $20,250.

a. Alison's qualified research expenditures:

Qualified research expenditures=In-house wages+ In-house supplies+ (Research services× 65%)

Qualified research expenditures=$125,000+$12,500+ ($175,000×65%)

Qualified research expenditures=$125,000+$12,500+$113,750

Qualified research expenditures=$251,250

b. Alison's incremental research activities credit:

Incremental research activities credit=(Qualified research expenditures-Base amount)×20%

Incremental research activities credit=($251,250-$150,000)×20%

Incremental research activities credit=$101,250×20%

Incremental research activities credit=$20,250

Inconclusion the amount of Alison's qualified research expenditures for the tax year is $251,250 and Alison's incremental research activities credit is $20,250.

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2 years ago

Monica, a doctor, owns a small health care clinic that serves underserved people in a lower-income neighborhood. What type of

kogti [31]

Answer:

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2 years ago

Which of the following is an example of an activity undertaken by an entrepreneur? A. being promoted to the position of Chief o

luda_lava [24]

Answer:

C) starting a snow cone business

Explanation:

An entrepreneur is someone who decides to start his own business, usually a small business. Only option C refers to starting a new business.

Option A and B refer to positions where you are employed by the government (being a government employee is the opposite of being an entrepreneur).

Option D refers to painting your kitchen not opening a new business.

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3 years ago

Deere company holds a $10,000 note receivable dated july 1, 2015, with 10% interest. what adjusting entry is needed on decemb

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2 years ago

during its first year of operations, silverman company paid $11,440 for direct materials and $9,900 for production workers' wage

algol13

The amount of finished goods inventory on the balance sheet at year-end is $11,880

What is the cost of producing 5,600 units?

The cost of producing the finished goods of 5,600 units is the sum of direct materials, workers' wages and lease payments and utilities on the production facilities

total production costs=direct materials+ production workers' wages+ lease payments and utilities on the production facilities

total production costs=$11,440+$9,900+$8,900

total production costs=$30,240

cost per unit=$30,240/5,600

The finished goods inventory is units produced minus the units sold

finished goods inventory=5600-3400

finished goods inventory=2,200

finished goods inventory on the balance sheet=2200*$30,240/5,600

finished goods inventory on the balance sheet=$11,880

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1 year ago