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2 years ago

Even though stocks, securities and mutual funds are higher-risk, many people invest in them because

2 answers:

8 0

They have higher rewards. Investors have to pick the level of risk they are comfortable with. The higher the risk the higher reward, but also the chance of failure increases.

Marysya12 [62]2 years ago

3 0

Because they believe the outcome will be more successful or more money than the input

Hope this helps and have a blessed day!

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Your risk manager just distributed a chart that uses three colors to identify the level of threat to key assets in the informati

Aneli [31]

What type of risk analysis does this chart represent? This chart shows the qualitative and quantitative risk analysis. This analysis is used to identify and rate potential threats the organization may have. Companies perform risk analysis often because they work with risk. This helps them better understand the risks they may be facing and how to make the best decisions regarding them.

6 0

2 years ago

On October 31, 2018, Damon Company’s general ledger shows a checking account balance of $8,397. The company’s cash receipts for

Lesechka [4]

Answer:

1. Damon Company

Bank Reconciliation Statement

October 31, 2018

Bank Balance

Amount$

Bank cash balance as per statement 11,725

Add: Adjustment

Deposits outstanding 3,025

(74,320 - 71,295)

Bank error 300

Less: Adjustment

Check outstanding 1,485

(72,467 - 70,983)

Bank balance as per Reconciliation $13,567

Company's Cash balance

Amount$

Company's Cash balance as per General Ledger 8,397

Add: Adjustment

Interest earned 320

Note collected 5,000

Less: Adjustment

Bank service fees 150

Company's Cash balance as per Reconciliation 13,567

Hence, correct ending balance of cash as on december 31, 2016 is $13,567

2. Necessary entries to adjust the balance for cash.

Date Account Title and Explanation Debit Credit

31 Oct Cash $5,320

Notes Receivables $500

Interest revenue $320

(To record cash increase)

Date Account Title and Explanation Debit Credit

31 Oct Service charges $150

Cash $150

(To record cash decreases)

8 0

2 years ago

Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:First quarter budgeted

LenKa [72]

Answer:

Production budget for First quarter= 16,500 units

Explanation:

The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

= 20% × 20,000 = 4,000 units

Production budget for the first quarter

=17,000 + 4000 -4500

= 16,500 units

8 0

2 years ago

The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, the beginning of the

kakasveta [241]

Answer:

$213,000

Explanation:

We will figure out first Hawk's share of profit to reach the capital account is shown below:-

Hawk's share of profit = $258,000 ÷ 2

= $129,000

Capital account of Hawk as on December 31 = Opening Balance + Capital Introduced + Profit Share - Drawings

= $160,000 + $10,000 + $129,000 - $86,000

= $213,000

So, we have got the answer after solve the below formula.

3 0

2 years ago

Accounting scandals that led to investigations of such well-known companies as AOL Time Warner, Global Crossing, Enron, Qwest Co

Dvinal [7]

Answer: Overseeing the company’s financial accounting and financial reporting practices.

Explanation:

The Board of Directors are meant to act on behalf of the shareholders to protect their interest. An important part of this protection is to monitor the company books for irregularities due to the penchant for managers to deviate from upholding shareholder interests to following their own.

In the cases of AOL Time Warner, Global Crossing, Enron, Qwest Communications, and WorldCom, the Board's Audit Committee failed in dispatching their mandate and because of that failed mandate, allowed the Executives to manipulate financial data in very unethical and very illegal ways to make it seem like the companies were profitable when they were not.

5 0

2 years ago