1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksklad [387]
3 years ago
11

How many steps are in the risk management process?

Business
1 answer:
arlik [135]3 years ago
3 0
5 steps are taken to manage risk. This is referred to as the “Risk Management Process.”
You might be interested in
The following ledger accounts are used by the Heartland Race Track
DIA [1.3K]

Answer:

Heartland Race Track

Journal Entries:

A. November 1:

Debit Prepaid Rent $180,000

Credit Cash Account $180,000

To record the payment of rent for three months.

B. November 1:

Debit Cash Account $1,152,000

Credit Unearned Sales Revenue $1,152,000

To record the sale of year-round season tickets.

C. November 1:

Debit Cash Account $300,000

Credit Notes Payable $300,000

To record the issue of 6% note payable for 3 months.

D. November 5:

Debit Prepaid Advertising $3,600

Credit Cash Account $3,600

To record the printing of programs for three months.

E. Debit Accounts Receivable (Concession) $16,800

Credit Sales Revenue $16,800

To record  concessions fees.

November 30: Adjusting Entries:

A. Debit Rent Expense $60,000

Credit Prepaid Rent $60,000

To adjust for rent expense for the month.

B. Debit Unearned Sales Revenue $96,000

Credit Sales Revenue $96,000

To record the earned revenue for season tickets for the month.

C. Debit Interest Expense $1,500

Credit Interest Payable $1,500

To accrue interest for one month on note payable.

D. Debit Advertising Expense $1,200

Credit Prepaid Advertising $1,200

To record advertising expense for the month.

Explanation:

Heartland Race Track will find the use of the general and adjusting journals helpful in its accounting records.  They provide the needed guidance to ensure that the accounts involved in every business transaction are properly identified and entries are correctly recorded on the correct side of the accounts.  Transactions are recorded following the ubiquitous accounting equation, the accrual concept, and matching principle of generally accepted accounting principles.

4 0
3 years ago
Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the
FrozenT [24]

Answer:

1) Dr Petty Cash $600

Cr. Cash $600

2) Dr. Postage Expense $250.40

Dr. Office Supplies Expense $160.90

Dr. Miscellaneous expense $124.05

Dr. Cash over and short $8.3

Cr. Cash $543.65

8 0
3 years ago
A security with a level of systematic risk that is the same as that of the market has a beta that is
dybincka [34]

Answer:

equal to 1

Explanation:

Beta refers to a coefficient that denotes the degree of responsiveness of security returns with respect to that of market return. Beta is calculated as,

= \frac{Change\ in\ security\ return}{Change\ in\ market\ return}

which further means, beta is equal to deviation (risk) in security return w.r.t deviation (risk) in market return.

Beta is a measure of systematic risk which is, the market related risk to which whole of stock market is exposed to. Examples of systematic risk would be, change in the inflation rate, political instability, change in state of economy such as boom or recession, etc.

Systematic risk is not a company specific risk and thus, such a risk cannot be eliminated by a company via diversification of investments.

Thus, for a security whose systematic risk is equal to that of the market , it's beta will be equal to one which means the magnitude by which, the market falls or rises, the stock shall also fall or rise by the same margin. It also means the same direction of movement i.e if market rises, stock price would rise by same proportion and vice versa.

3 0
2 years ago
Acme Co. issues a $1,000 face value bond that pays an annual coupon rate of 6.5 percent and matures in four years. Assuming a ma
Olin [163]

Answer:

$1,017.33  

Explanation:

For computing the bond price we have to use the PV function that is shown in the attached spreadsheet which is presented below:

Given that,  

Future value or face value = $1,000

Market Rate of interest = 6%

NPER = 4 years

PMT = $1,000 × 6.5% = $65

The formula is shown below:

= PV(Rate,NPER,PMT,FV,type)

So, after solving this, the answer would be $1,017.33  

3 0
3 years ago
Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal
maxonik [38]

Answer:

player 2 is signing a better contract

Explanation:

the present value of an annuity (player 1) = annual payment x annuity factor

assuming that the interest rate is 10%

present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million

player 2's contract

the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million

4 0
3 years ago
Other questions:
  • Jorge, a forklift truck operator for the retail chain Hanes Ridge, was injured when the forklift he was operating toppled over.
    15·1 answer
  • Azeem is considering the various options available to him to promote an energy drink, Turbozade, that has decreasing sales volum
    6·1 answer
  • e can deposit $5,000 at the end of each six-month period for the next 12 years and earn annual interest of 8.5%, compounded semi
    11·1 answer
  • Aletha had an accident in which she fell into hot cooking grease. despite many operations and treatments, her face, neck, and ha
    14·1 answer
  • Which of the following best illustrates the purpose of labor laws?
    6·1 answer
  • Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right emplo
    15·2 answers
  • Learning: Share 2 main things you learned about communications in Module 2.
    14·1 answer
  • Removing stressors before they can cause stress would be considered what type of stress reduction strategy?.
    15·1 answer
  • What is Globalization?
    13·2 answers
  • Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!