Response:
Clarification:
Last year's customer orders totaled 15000
Predicted orders for next year with a 15% rise = 15000 x 1.15 = 17250
Each customer order takes 1.5 hours to fulfill
Total time needed to satisfy customer orders = 17250 x 1.5 = 25875
Knowing that the standard work year comprises 2000 hours
Hence, the effective work year with a 2% capacity cushion
= Standard work year x ( 1 – Capacity cushion %/100)
= 2000 x 0.98 = 1960 hours
Workers required by manager
= Total time needed for orders / effective work year
= 25875 / 1960 = 13.20, rounded to 13
Thus, the manager will require 13 workers next year
<span>Categorical -Homeowner Ratio -Credit Score Ratio-Years of Credit History Ratio-Revolving Balance Ratio-Revolving Utilization Categorical-Decision In this context, Ratio variables, such as credit score and years of credit history, are quantifiable metrics. In contrast, Homeowner and Decision are classified as categorical because they can be grouped into categories and are not measurable as ratios.</span>
Answer: Parker Corporation a) Closing Journal Entries: General Journal Description Debit Credit 12/31 Service fees revenue $92,500 Interest income 2,200 Retained earnings 42,700 Income Summary $137,400 to close credit items to the Income Summary. Income Summary $64,700 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 to close debit items to the Income Summary. b. T-accounts: Debit Credit Service fees revenue $92,500 Adjusted balance $92,500 Income Summary $92,500 Balance $0 Interest income $2,200 Adjusted balance $2,200 Income Summary $2,200 Balance $0 Salaries expense $41,800 Adjusted balance $41,800 Income Summary $41,800 Balance $0 Advertising expense $4,300 Adjusted balance $4,300 Income Summary $4,300 Balance $0 Depreciation expense $8,700 Adjusted balance $8,700 Income Summary $8,700 Balance $0 Income tax expense $9,900 Adjusted balance $9,900 Income Summary $9,900 Balance $0 Retained earnings Adjusted Balance 42,700 Income Summary $42,700 Balance $0 Explanation: a) Data: Parker Corporation Adjusted Account Balances Debit Credit Service fees revenue $92,500 Interest income 2,200 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 Retained earnings 42,700.
Response:
The correct response is option "A": Risk identification.
Clarification:
Risk identification represents a stage in the risk management framework. Risks are evaluated based on the metrics that outline them, including the potential loss magnitude or damage, as well as the likelihood of the occurrence of such loss or damage.
