Answer:
(1) Assessment
Explanation:
The intersection of the assessed probability and severity of a hazard in the risk management process is called 'risk assessment'
Risks are usually assessed in two broad areas namely: Probability of occurrence and Impact.
Probability of occurrence has to do with the degree of likelihood that a risk will materialize while 'impact' tries to access how much damage the risk is likely to cause, in the event that it materializes.
In summary, risk management usually views risk as a function of probability and impact.
Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
Answer:
Payback Period = 4 Years
Net Present value = $15692
Internal Rate of Return = 17.82%
Modified Internal Rate of Return = 14.20%
Explanation:
Payback Period = (Initial Investment / Net Cash inflows)
Payback Period = $61500/15000 = 4 Years
Net Present value using PVIF table value at 11% over the period and discount them given cash flows gives us discounted cash flows.
Year CF PVIF 11%,n Discounted CF
0 -61500 1.000 (61,500)
1 15000 0.901 13,514
2 15000 0.812 12,174
3 15000 0.731 10,968
4 15000 0.659 9,881
5 15000 0.593 8,902
6 15000 0.535 8,020
7 15000 0.482 7,225
8 15000 0.434 6,509
Summing up the discounted Cash flows gives us the Net Present value of $15692
Internal Rate of Return:
Using Excel Function IRR @ 17.82% applying it on cash flows gives the rate where Present value of Cash flows is Zero.
Modified Internal Rate of Return:
Modified internal rate of return is at the level of 14.20% as it lower than IRR because it assume positive cash flows invested at cost of capital.
The 4 Major characteristics of a mineral are:
1. It is formed by natural processes, not man-made.
2. It is inorganic, it's not alive, it will never be.
3. It is a crystalline solid, a definite volume and shape with a repeating structure.
4. It can be an element or compound with a definite chemical composition, made the same each time with and orderly arrangement of atoms.
