Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - John Strength owns and manages Strength Dynamics, which specialises in the design and manufacture of new forms of exercise equipment. Strength Dynamics sells its equipment to health and fitness clubs island-wide. The nature of Strength's products exposes the firm to a variety of risks. Some examples include the possibility that someone might be injured on a piece of Strength's equipment and claim that it was improperly made. Another person might have a heart attack and die while working out, with the surviving family members claiming that the Strength's equipment was to blame. Strength has been conscientious about identifying and analysing the sources of risk to which it is exposed. Now the company must consider alternative ways to deal with those risks. It is possible that there may be some forms of equipment that Strength will not manufacture at all because of the high probability of serious losses. However, Strength is generally committed to the industry and in most cases wants to explore risk management alternatives that are compatible with continuing to produce a wide variety of new products. If Strength can determine ways to produce safer products that have a reduced likelihood of causing losses, the firm will examine the economic feasibility of alternative manufacturing/inspection processes. Similarly, Strength is interested in exploring ways to make the health and fitness clubs bear more responsibility for losses, even when they involve Strength equipment.
Required -
A. Explain the concept of 'risk avoidance' and explain to Strength Dynamics when this would be an appropriate risk management technique for them.
B. Discuss THREE (3) other risk management techniques with appropriate examples that Strength Dynamics may use in its business.
C. What technique can be used by Strength Dynamics to make the fitness clubs bear some of the losses?
amanda kline is 10 years old. she will receive 30000 from her college education fund when she turns 18 years old. if
Calculate the results from discontinued operations to be presented in Karl General Stores' income statement in 2021. The tax rate is 30%
Suppose the Firm's target net income for the coming year is 20,000 K.D., then the firm's margin of safety ratio and in quantity would be respectively as follows
Sam did not know his daughter would recieve this gift of the stocks but knows about it now? What happens next? What is the situation at hand and what should Sam
Bargain Electronics will incur special shipping costs of $1 per unit, Bargain Electronics has excess operating capacity
In the current year, Spring Corporation, a closely held personal service corporation, has $120,000 of passive losses, $70,000 of active business income, and $50,000 of portfolio income. How much of the passive loss may Spring deduct in the current..
Prepare the journal entry to record income taxes in 2022 assuming pretax accounting income is $310,000. No additional temporary differences originate in 2022
What further audit testing should be undertaken to confirm the accuracy of the information and how it could impact on the financial report.
Val Company currently has the capacity to manufacture 250,000 widgets a year. By how much will Vals income change if they accept the special order
colaw company is considering buying equipment for 240000 with a useful life of five years and an estimated salvage
Question - Journalize the September transactions - Sept. 6 Purchased calculators from Dragoo Co. at a total cost of $1,660, on account, terms n/30
Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of June.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd