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Finance
There is a noted emphasis on bank regulation by the central bank in the recent past. Discuss the reasons for bank regulation.
Finance
Opening trade receivables (debtors) are £160,000 (see opening statement of financial position). It is expected that £77,000 will be received from debtors during April 2015 and £83,000 during May 2015.
All credit customers (debtors) are allowed 2 months credit as standard. However, all credit customers are also offered a 5% cash discount for early settlement (i.e. payment received during the month of sale). It is anticipated that 50% of customers will take advantage of the offer.
As prudent measures, an expected 1% of monthly credit sales should be written off to bad debts at the end of each 2 months credit period and a doubtful debts provision of £1,500 should be made at the year – end.
calculate the cash sales discounted price.
All credit customers (debtors) are allowed 2 months credit as standard. However, all credit customers are also offered a 5% cash discount for early settlement (i.e. payment received during the month of sale). It is anticipated that 50% of customers will take advantage of the offer.
As prudent measures, an expected 1% of monthly credit sales should be written off to bad debts at the end of each 2 months credit period and a doubtful debts provision of £1,500 should be made at the year – end.
calculate the cash sales discounted price.
Finance
Suppose you borrowed RM14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year?
Finance
In his study of: “the impact of budgets on people” C Argyris reported the following comment by a financial controller on the practice of participation in setting budgets in his company:
“We bring in the supervisors of budget areas, we tell them that we want their frank opinion, but most of them just sit there and nod their heads. We know they are not coming out with exactly what they feel. I guess budget scares them”.
Explain why managers may be reluctant to participate fully in setting budgets, indicating the negative side effects, which may arise from the imposition of budgets by senior management.
“We bring in the supervisors of budget areas, we tell them that we want their frank opinion, but most of them just sit there and nod their heads. We know they are not coming out with exactly what they feel. I guess budget scares them”.
Explain why managers may be reluctant to participate fully in setting budgets, indicating the negative side effects, which may arise from the imposition of budgets by senior management.
Finance
Discuss the requisite skills set to provide effective risk oversight.
Finance
How does the company’s risk reporting provide management and the board information they need about the top risks and how they are managed?
Finance
Discuss the key assumptions underlying the company’s risk strategy and how it aligns itself to the competitive intelligence process to monitor external factors for changes that could alter those assumptions
Finance
Discuss the various risk management strategies.
Finance
Discuss the role of the risk officer.
Finance
How does the company refresh its assessment of the top risks?
