Why do internal users need financial data?

Carson County State Bank has a ratio of equity capital to total assets of 2.5%. The FDIC which regulates this bank has determine

Elenna [48]

Answer:

compliance risk

Explanation:

Compliance risk -

It refers to the risky situation , which can be due to some financial forfeiture , legal penalties , loss of material , when the company fails to follow the rules and regulations , is referred to as compliance risk .

Hence , from the given scenario of the question,

The correct type of risk involved is compliance risk .

6 0

3 years ago

6. Assuming the partial billing was approved for payment and the expenditure and liability (contracts payable) was recorded for

jenyasd209 [6]

Answer:

Option A, Credit to Cash, $560,000

Explanation:

As per the data given in the question,

Expenditure and liability = $700,000

Retaining percentage = 20%

Assuming the partial billing was certified for expenses and payments and liability was approved for amount $70,000. Though, Oxford has a policy not to pay 100 percent, but to retain 20 percent as a retained percentage.

So, $700,000 - $700,000 × 20%

= $700,000 - $140,000

= $560,000

Therefore, The entry to record the approved payment and retained percentage would include:

Option A, Credit to Cash, $560,000

8 0

3 years ago

Which of the following is considered risk?

xxTIMURxx [149]

Im guessing the 3rd or the first Idunno

6 0

3 years ago

Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs o

Gnesinka [82]

Answer:

Using equation method we have,

Sales - variable cost = Fixed Cost

Let number of units be X, at break even then,

$150 X - ($60 + $18) X = ($480,000 + $240,000)

$150 X - $78 X = $720,000

$72 X = $720,000

X = $720,000/$72 = 10,000 units.

Using contribution income statement

Contribution margin per unit approach = Selling price - Variable cost = Contribution = $150 - $60 - $18 = $72 per unit

Total fixed cost = Fixed Manufacturing cost + Fixed Selling & Administrative

= $480,000 + $240,000 = $720,000

Break Even Point = $\frac{Fixed\ Cost}{Contribution\ Per\ Unit}$

= $\frac{720,000}{72} = 10,000$

Contribution margin Income Statement:

Sales value = $150 $\times$ 10,000 = $1,500,000

Less: Variable Cost

Manufacturing = $60 $\times$ 10,000 = ($600,000)

Selling Expense = $18 $\times$ 10,000 = ($180,000)

Contribution Margin = $720,000

Less: Fixed Cost

Fixed Manufacturing Cost = ($480,000)

Fixed Selling Expense = ($240,000)

Profit = $0

8 0

3 years ago

Which of the followings is true: a) the WBS is the basis for project schedules, budgets, and controls. b) work packages are the

Alona [7]

Answer:

Option D; both options A and B.

a) THE WBS IS THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROLS.

b) WORK PACKAGES ARE THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROL.

Explanation:

A work breakdown structure (WBS) is a visual tool for defining and tracking a project deliverable and all the small components needed to create it.

A work-breakdown structure (WBS) in project management and systems engineering, is deliverable oriented breakdown of a project into smaller components. A work breakdown structure is a key project deliverable that organizes the team's work into manageable sections. It is a basis for project scheduling, cost control, and project budget.

Therefore, both options A and B are true;a) THE WBS IS THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROLS.

b) WORK PACKAGES ARE THE BASIS FOR PROJECT SCHEDULES, BUDGETS, AND CONTROL.

8 0

3 years ago