How does risk impact decision-making

Assignment Help Other Subject

Reference no: EM133257309

Assignment - Management Questions

Q1. How does risk impact decision-making? List the types of risk that impact business decision-making and provide suitable examples for each type of risk in the context of an organization.

Q2. Suppose that you are working in a company as a cost manager that is making a single product. Determine the following values of your own for this product:

-Selling price per unit

-Variable cost per unit

-Fixed cost

-Target profit for next year

After determining the values for the above, find out:

a) Break-even point in units.

b) Break-even point in sales value.

c) Units needed to reach target pretax profit (as decided by you in your example).

d) Sales value required to reach target pretax profit (as decided by you in your example).

Q3. Critically analyze the differences between the "Account Analysis Method" and the "Two-Point Method" of estimating a cost function. Provide suitable examples for each method by assuming the values of your own.

Q4. Referring to the concept of job costing in the manufacturing sector, identify how you will record the following journal entries:

a) When raw materials are received.

b) When raw materials are sent to the factory floor.

c) When labor costs are incurred.

d) When a job is completed.

e) When a job is shipped to a customer.

Q5. Alpa Ltd. uses a process costing system for its sole processing department. There were 24,000 units in beginning WIP inventory for March and 216,000 units were started in March. The beginning WIP units were 60% complete and the 19,500 units in ending WIP were 40% complete. All materials are added at the start of processing.

Required -

a) Compute the no. of units started & completed.

b) Compute the EUP for DM and CC using FIFO and WA methods.

Reference no: EM133257309

Questions Cloud

What are risk factors for melanoma : What are risk factors for melanoma, and which risk factors does he have? What are warning signs for cancer when looking at a skin lesion

Contrast types of conflicts in health care organizations : Contrast types of conflicts in health care organizations. Appraise leadership strategies for managing organizational complexity, learning, and innovation

Role leadership and power in shaping organisations : UMOD63-15-1 Understanding Organisations and People - role leadership and power in shaping organisations and the ways in which they function

Was the stamp act an unreasonable and unfair tax : Was the Stamp Act an unreasonable and unfair tax? How were the colonists behaving in response to the Stamp Act? Was the Stamp Act repeal

How does risk impact decision-making : How does risk impact decision-making? List the types of risk that impact business decision-making and provide suitable examples for each type of risk

Distinguish among different patterns of development : Distinguish among different patterns of development and Develop paragraphs using topic sentences, adequate details, supporting evidence, and transitions

Did organizational structures and systems reduce uncertainty : Did the organizational structures and systems reduce or increase the uncertainty and complexity of the change in the organization

Illustrate the research design and measurement issues : Illustrate the research design and measurement issues associated with evaluating organization development (OD) interventions

Explain the steps taken in the erm process : Explain the steps taken in the ERM process for your event and What broad categories of risks are considered in the ERM program? How are they evident

User Account

All Pages