State and explain 8 (EIGHT) components in Enterprise Risk Framework. QUESTION 2 Raw material opening Raw...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
State and explain 8 (EIGHT) components in Enterprise Risk Framework. QUESTION 2 Raw material opening Raw material closing Work in process opening Work in proses closing Finished goods Opening Finished good Closing Indirect Material Indirect labor Selling and administrative Expenses Depreciation Utilities Others RM 35,500 12,900 8,000 5,050 7,075 6,475 9,500 7,450 3,370 1200 1,100 800 (10 marks) In 2021 company purchased direct raw material RM50,000, and direct labor cost RM21,000. Prepare Cost of goods sold schedule for the company. (10 marks) State and explain 8 (EIGHT) components in Enterprise Risk Framework. QUESTION 2 Raw material opening Raw material closing Work in process opening Work in proses closing Finished goods Opening Finished good Closing Indirect Material Indirect labor Selling and administrative Expenses Depreciation Utilities Others RM 35,500 12,900 8,000 5,050 7,075 6,475 9,500 7,450 3,370 1200 1,100 800 (10 marks) In 2021 company purchased direct raw material RM50,000, and direct labor cost RM21,000. Prepare Cost of goods sold schedule for the company. (10 marks)
Expert Answer:
Answer rating: 100% (QA)
Question 1 1 Risk identification identifying the risks that may affect the organization 2 Risk Asses... View the full answer
Related Book For
Principles of Information Systems
ISBN: 978-0324665284
9th edition
Authors: Ralph M. Stair, George W. Reynolds
Posted Date:
Students also viewed these finance questions
-
The enterprise risk management (ERM) framework was developed by COSO to provide managers a formalized methodology to evaluate risk in their businesses. Required: Explain how management would use the...
-
Explain why variances for direct material and direct labor are separated into price and efficiency variances.
-
Explain the difference between direct labor cost and indirect labor cost?
-
Write a short email to your instructor, discussing what you believe are your greatest strengths and weaknesses from an employment perspective. Next, explain how these strengths and weaknesses would...
-
Assume the same information as E14-6B. E14-6B, Clark Company sells 8% bonds having a maturity value of $5,000,000 for $5,421,236. The bonds are dated January 1, 2014, and mature January 1, 2019....
-
McCarthy, Inc.s Brazilian subsidiary borrowed 100,000 euros on January 1, 2024. Exchange rates between the Brazilian real (BRL) and euro () and between the U.S. dollar ($) and BRL are as follows: a....
-
Jupiter, with an inertia 317.83 times that of Earth, is at an average distance of \(7.784 \times 10^{11} \mathrm{~m}\) from the Sun. At what distance from the centre of the Sun is the center of mass...
-
On August 1, 2014, Rafael Masey established Planet Realty, which completed the following transactions during the month: a. Rafael Masey transferred cash from a personal bank account to an account to...
-
Explain the issues that an auditor may need to deal with in the cash accounts, especially if the company has foreign bank accounts for international transactions. Also, would a schedule of interbank...
-
1. Based on prior experience, GBI estimates that approximately % of the net credit sales (gross credit sales minus returns of credit sales) for the month will become bad debt. GBI writes off bad...
-
Draft summary report. The topic is macroeconomic stabilization.
-
Program 3: Make a program that counts infected computers on a computer network. The virus spreads through the network, and every computer that is connected to an infected computer is infected. For...
-
1. You have been provided the information on the after-tax cost of debt and cost of capital that a company will have at a 10% debt ratio, and asked to estimate the after-tax cost of debt and cost of...
-
3- 4- Graphing Mass and Volume C.1 Pennies or Marbles Initial volume of water (ml.) Initial mass of cylinder + water (g) C.2 C3 Mass (Pennies or Marbles) 188.3 191.9 g g -1952 199.0 20788 Density g...
-
Make a python program for Tower of Hanoi Initial states A, B, C A: 1/2/3/4/5, B:Null, C:Null --> move to A:Null, B:Null, C: 1/2/3/4/5 Condition - you should use a recursion function -you have 5-ring...
-
Cabana Cruise Line offers cruise ship service to various tropical locations throughout the globe. The company is considering the addition of a new cruise ship to its fleet in order to expand service...
-
Capital budgeting analysis: An asset is sold for a $31951 market salvage value and the asset has a book value of $11201 at the time of the sale. The firm's marginal tax rate is 40%. What is the after...
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
What is the hierarchy of data in a database?
-
What is a community of practice?
-
Describe three examples of the use of robotics. How can a microrobot be used?
-
Differentiate between an open transaction and a closed transaction.
-
Differentiate between tax compliance and tax planning.
-
What form(s) is (are) used to file an individuals income tax return?
Study smarter with the SolutionInn App