You are the risk manager for a large insurance company who is having a problem with office supply inventory. The company has more than 5,000 employees and it seems that a large percentage of them are frequently taking ink pens, paper, pencils and the like home for their personal use. The estimated average loss to the company is $10 per occurrence and in a month, at least 1,500 theft incidents occur. Using the risk management decision-making matrix, what strategy would you recommend to deal with this problem

Incomplete question. The option read;

A. The company should install a security camera above the office supply cabinets.

B. The company should purchase insurance to cover this loss.

C. The company should no longer provide the employees with any office supplies.

D. The company should purchase the most inexpensive office supplies possible.

Answer:

A. The company should install a security camera above the office supply cabinets.

Explanation:

Indeed, since we are told that a large percentage of the employees engage in theft, an appropriate risk management strategy would be to install a security camera above the office supply cabinets. By so doing the company can fine those caught in the act of stealing on video.

Remember, the term risk management involves identifying, assessing, and preventing threats to an organization's capital and earnings. Hence, it is wise to believe that when employees are aware that their actions are been monitored this may deter them from carrying the negative actions out.

Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the price of a muffin is $1, people buy 55 cupcakes. When the price of a muffin is raised to $2, cupcake purchases go up to 65 cupcakes. The cross-price elasticity of demand is: Select one: a. 0.50. b. 4.00. c. 0.25. d. 0.67. e.

A state department of health is considering a public awareness campaign to encourage vaccination. It determines that the cost of this campaign would be $760,000 per year for the next 6 years. It estimates that the campaign would reduce rates of illness and communicable disease. At the end of the first year of the campaign, the resulting savings would be $1,000,000; the savings would decrease by $80,000 each of the following 5 years. Assuming a discounting factor of 5%, compute the benefit cost ratio.

so how do you make customers come and buy ur charm bracelets how do u advertise it.

Simone transferred 100 percent of her stock in Purple Company to Plum Corporation in a Type A merger. In exchange, she received stock in Plum with a fair market value of $667,500 plus $667,500 in cash. Simone's tax basis in the Purple stock was $263,000. What amount of gain does Simone recognize in the exchange and what is her basis in the Plum stock she receives

Preparing Adjusting Entries, Financial Statements, and Closing Entries

Fischer Card Shop is a small retail shop. Fischer’s balance sheet at year-end 2014 is as follows. The

following information details transactions and adjustments that occurred during 2015.

1. Sales total $145,850 in 2015; all sales were cash sales.

2. Inventory purchases total $76,200 in 2015; at December 31, 2015, inventory totals $14,500.

Assume all purchases were made on account.

3. Accounts payable totals $4,100 at December 31, 2015.

4. Annual store rent of $24,000 was paid on March 1, 2015, covering the next 12 months. The

balance in prepaid rent at December 31, 2014, was the balance remaining from the advance

rent payment in 2014.

5. Wages are paid every other week on Friday; during 2015, Fischer paid $12,500 cash for wag-

es. At December 31, 2015, Fischer owed employees unpaid and unrecorded wages of $350.

6. Depreciation on equipment totals $1,700 in 2015.

FISCHER CARD SHOP

Balance Sheet

December 31, 2014

Cash ........................ $ 8,500

Inventories ................... 12,000

Prepaid rent .................. 3,800

Total current assets ............ 24,300

Equipment ................... $7,500

Less accumulated depreciation ... 3,000

Equipment, net ................ 4,500

Total assets................... $28,800

Accounts payable..................... $ 5,200

Wages payable....................... 100

Total current liabilities.................. 5,300

Total equity (includes retained earnings) ... 23,500

Total liabilities and equity ............... $28,800

a. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, using the ?nancial statement effects template.

b. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, in journal entry form.

c. Set up T-accounts, enter the balances above, and post the transactions and adjusting entries to

them.

d. Prepare its income statement for 2015, and its balance sheet at December 31, 2015.

e. Prepare entries to close its temporary accounts in journal entry form and post the closing entries to the T-accounts

Swift Co. produces footballs. It incurred the following costs this year: Direct materials $35,000 Direct labor 31,000 Fixed manufacturing overhead 22,000 Variable manufacturing overhead 38,000 Fixed selling and administrative expenses 23,000 Variable selling and administrative expenses 14,000 What are the total product costs for the company under variable costing

Marie's Fashions is considering a project that will require $41,000 in net working capital and $60,000 in fixed assets. The project is expected to produce annual sales of $62,000 with associated cash costs of $37,000. The project has a three-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 25 percent. What is the operating cash flow for this project

Naumann Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 190 100 % Variable expenses 38 20 % Contribution margin $ 152 80 % Fixed expenses are $110,000 per month. The company is currently selling 1,000 units per month. Required: Management is considering using a new component that would increase the unit variable cost by $56. Since the new component would improve the company's product, the marketing manager predicts that monthly sales would increase by 500 units. What should be the overall effect on the company's monthly net operating income of this change if fixed expenses are unaffected

Green Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $50,900. In addition, tax depreciation exceeded book depreciation by $104,500. Finally, Green subtracted a dividends received deduction of $25,450 in computing its current year taxable income. Green's cash tax rate is:

Thomlin Company forecasts that total overhead for the current year will be $11,898,000 with 156,000 total machine hours. Year to date, the actual overhead is $7,955,000 and the actual machine hours are 85,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$140 per machine hour b.$51 per machine hour c.$76 per machine hour d.$94 per machine hour

most of a distribution manager's decisions must balance cost reduction against which other benefit?

What is the total cost of a 15-year mortgage if the monthly payment is $1718.70? A. $447,585.60 B.$281.683.80 C. $309, 366.00 D.
$285, 794.12​

Joan runs a drop-in play center and until recently she was the only business in town where families could find reasonably-priced entertainment for their children. Joan learned that two fast-food restaurants with play areas are being built nearby so she is coming up with ways to convince her customers that her center is preferable. Which of Porter's five competitive forces is Joan specifically worried about

Pelusoec Co., a manufacturer of snowmobiles, is considering outsourcing the production of its headlights to an outside supplier. In the company’s current in-house production process, each headlight requires $4 of direct materials, $3 of direct labor, and $6 of total manufacturing overhead. 40% of the manufacturing overhead is a common fixed cost that would be unaffected by the outsourcing decision, while the remaining 60% is traceable to the outsourcing decision. At what outside supplier price would the company be indifferent between making and buying the headl

Here are three things you could do if you do not attend your economics class: go to a free outdoor yoga class with some friends (you value this at $15), go on a hike (you value this at $13), or go in to work (you could earn $20 during the economics class). The opportunity cost of going to your economics class is:

Assume that JQH’s returns are normally distributed. The expected return for JQH is 10% and standard deviation is 5%. What is the probability of JQH stock providing a return within the range 15% to 20%?Assume that JQH’s returns are normally distributed. The expected return for JQH is 10% and standard deviation is 5%. What is the probability of JQH stock providing a return within the range 15% to 20%?2.5%16%68%13.5%none

Wilton sells softball equipment. On November 14, they shipped $3500 worth of softball uniforms to Paola Middle School, terms 1/10, n/30. On November 21, they received an order from Douglas High School for $2000 worth of custom printed bats to be produced in December. On November 30, Paola Middle School returned $400 of defective merchandise. Wilton has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?

Wilton sells softball equipment. On November 14, t
A. $3500
B. $5900
C. $3100
D. $5500

You decide to purchase a new refrigerator. You have the choice of an Energy Star refrigerator for $2,000 or a standard unit for $1,800. The Energy Star unit costs 10 cents per hour less to run. If you buy the Energy Star unit and run it for 10 hours per day for a year, how long will it take you to recover the $200 extra cost

Purdum Farms borrowed $10 million by signing a five-year note on December 31, 2015. Repayments of the principal are payable annually in installments of $2 million each. Purdum Farms makes the first payment on December 31, 2016 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with the note at December 31, 2016, after the first payment is made

A ___ is a tax on imported goods. A ___ is a quantitative restriction on imported goods.

Cost,subsidy
Regulation, standard
Tariff,quota

A sample of 240 observations is selected from a normal population standard deviation of 24​

Here are a series of Mondelēz’s publicly announced objectives for enhancing sustainability:
Reducing production waste to landfill sites by 60 percent
Reducing our energy and GHG in manufacturing
Educating employees to reuse water and improve processes
Reducing the impact of our operations
Addressing child labor in the cocoa supply chain
Reducing packaging material
Eliminating 50 million pounds of packaging material
Buying certified commodities
Which of these are best considered strategic plans? Tactical plans? Operational plans? Which ones might qualify as programs? Projects? Policies? Be sure to explain your reasoning for each item.

Prepaid (deferred) expenses adjustments LO P1 For each separate case below, follow the three-step process for adjusting the supplies asset account at December 31. nts
Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3: Record the December 31 adjusting entry to get from step 1 to step 2.
Skipped Assume no other adjusting entries are made during the year eBook
a. The Supplies account has a $360 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $140 of supplies remaining.
Hint Supplies
Step 1: Determine what the current account balance equals.
Print Step 2: Determine what the current account balance should equal.
eferences Step 3: Record the December 31, adjusting entry to get from step 1 to step 2
b. The Supplies account has an $950 debit balance to start the year. Supplies of $2,400 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $725 of supplies remaining. Supplies
Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3 Record the December 31, adjusting entry to get from step 1 to step 2

Kohl Co. provides warranties for many of its products. The January 1, 2016 balance of Estimated Warranty Liability account was $35200. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 0.4% of sales. During 2016 the actual cost of servicing products was under warranty was $15600 and sales were $3,600,000.
a) What amount of Warranty Expense will appear on Kohl Co's income statement for the year end December 31, 2016?
b) What amount will be reported in the Estimated Warranty Liability account on the December 31, 2016, balance sheet?

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-capital ratio was 15.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? Do not round your intermediate calculations.

Sage Hill Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a useful life of 10 years. The machinery has a fair value at the commencement of the lease of $47,000, and Sage Hill expects the machinery to have a residual value at the end of the lease term of $27,000. However, Thiensville does not guarantee any part of the residual value. Thiensville does expect that the residual value will be $45,000 instead of $27,000.

Required:
What would be the amount of the annual rental payments Sage Hill demands of Thiensville, assuming each payment will be made at the end of each year and Sage Hill wishes to earn a rate of return on the lease of 6%?

Three mutually exclusive design alternatives are being considered. The estimated cash flows for each alternative are given below. The MARR is 18% per year. At the end of the useful life, the investment will be sold. A decision-maker can select one of these alternatives or decide to select none of them. Make a recommendation using the PW method.
A B C
Investment cost $27,000 $56,000 $42,500
Annual expenses $15,000 $13,000 $23,000
Annual revenues $23,000 $30,000 $32,000
Market value $6,500 $7,500 $9,000
Useful life 10 years 10 years 10 years
IRR 27,6% 28,1% 17,8%

urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of units produced 14,600Variable costs per unit:Direct materials $ 137Direct labor $ 75Variable manufacturing overhead $ 4Variable selling and administrative expenses $ 11Fixed costs:Fixed manufacturing overhead $ 846,800Fixed selling and administrative expenses $ 233,600The company had no beginning or ending inventories.Required:a. Compute the unit product cost under absorption costing.b. Compute the unit product cost under variable costing.

The exact indifference curves of different investors:_______
a) cannot be known with perfect certainty. can be calculated precisely with the use of advanced calculus.
b) although not known with perfect certainty, do allow the advisor to create more suitable portfolios for the client.
c) cannot be known with perfect certainty and, although not known with perfect certainty, do allow the advisor to create more suitable portfolios for the client.

The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process