Answer:
The answer is B.
Explanation:
Gross profit is the difference between a company's net sales or total revenue and cost of sales or cost of goods sales.
Sales revenue is $433,000
Cost of Goods Sold is $240,000
Remember that Gross profit is Sales revenue - cost of goods sold.
Sales revenue----------------------------$433,000
Minus: Cost of Goods Sold----------$240,000
Gross profit--------------------------------<u>$193,000</u>
Answer:
Amount Jerry owe in June = $2,650
Explanation:
Given:
Premium per month = $150
Total cost (Accident) = $6,000
Deductible amount = $1,500
Coverage limit = $4000
Amount Jerry owe in June = ?
Computation of amount Jerry owe :
Amount Jerry owe in June = Coverage limit - Deductible amount + Premium per month
Amount Jerry owe in June = $4,000 - $1,500 + $150
Amount Jerry owe in June = $2,500 + $150
Amount Jerry owe in June = $2,650
Answer:
The correct answer to the following question is option D) Eliminate risk through application of ORM( which stands for operational risk management ).
Explanation:
Operational risk management can be defined as the continuous cyclical process which consists of risk decision, implementation of risk controls, risk assessment and risk decision making, which would help in mitigation, avoidance and acceptance of risk.
The four principle included in this are -
1) Accepting risk only when the benefits out weights the cost.
2) Anticipating and managing risk by proper planning.
3) Making right decisions at right time and at right level.
4) Anticipate no unnecessary risk.