budget for the next fiscal year. Jamie has calculated that a data breach wil ost them $120,000 for each occurrence. Based on her analysis, she believes that a data breach will occur once very four years and have a risk factor is 30%. What is the ALE for a data breach within Jamie's organization? attempting

budget for the next fiscal year. Jamie has calculated that a data breach wil ost them $120,000 for each occurrence. Based on her analysis, she believes that a data breach will occur once very four years and have a risk factor is 30%. What is the ALE for a data breach within Jamie's organization? attempting

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter14: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 3BE: Moses Moonrocks Inc. has developed a balanced scorecard with a measure map that suggests that the...

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Using the excel sheet Create a budget for cybersecurity based on these assumptions There are 5 members in the department: One Director that gets paid $130,000/year. One Supervisor that gets paid $95,000/year. Three Junior Staff members that get paid $65,000/year each. There are three conferences in 2021 and you will be sending 2 employees to each conference. The first two conferences cost $3,000 per person and the third conference is $5,000 per person. The conferences will be held in February, May, and September Meals will be paid for travel to the conferences mentioned above. Each person will receive $250 per day and each conference is five days. The entire department will be attending a training seminar in April and the cost is $5,000 per person During the training session for the entire department, each person will receive $250 per day for meals and the training session is for three days. Each person in the department spends $24 per month each for supplies The company always…
City Farm Insurance has collection centers across the country to speed up collections. The company also makes its disbursements from remote disbursement centers, so the firm's checks will take longer to clear the bank. Collection time has been reduced by two and one-half days and disbursement time increased by one and one-half days because of these policies. Excess funds are being invested in short-term instruments yielding 5 percent per annum. If City Farm has $4.90 million per day in collections and $3.90 million per day in disbursements, how many dollars has the cash management system freed up? Note: Enter your answer in dollars not in millions (e.g., $1,234,567). How much can City Farm earn in dollars per year on short-term investments made possible by the freed-up cash? Note: Enter your answer in dollars not in millions (e.g., $1,234,567).
City Farm Insurance has collection centers across the country to speed up collections. The company also makes its disbursements from remote disbursement centers, so the firm's checks will take longer to clear the bank. Collection time has been reduced by three days and disbursement time increased by two days because of these policies. Excess funds are being invested in short-term instruments yielding 4 percent per annum.a. If City Farm has $4.60 million per day in collections and $3.60 million per day in disbursements, how many dollars has the cash management system freed up? (Enter your answer in dollars not in millions (e.g., $1,234,567).) Freed up funds?___________ b. How much can City Farm earn in dollars per year on short-term investments made possible by the freed-up cash? Interest on freed-up cash__________
The Martins know that setting up some projected Income Statements are important. They need to look at what the first year of operations might look like and if possible they will need to look at the years thereafter to get an impression of what the long term might look like. RM Purchases: $132,000* (Raw Material Purchases is a part of COGS) Sales Salaries: 80,000 Advertising: 3,000 Travel: 2,000 Revenue: 360,000 Financing Costs: 10,000 Office Lease: 13,000 Depreciation: 38,000 Income Taxes: 22,000 Admin Salary: 40,000 A second financial statement that is key to understanding a business is the Balance Sheet. The Martins have estimated the following accounts to be a part of their initial Balance Sheet. Trade Receivables: $35,000 Cash: 15,000 Short Term Loan: 30,000 Share Capital: 100,000 Long Term Liabilities: 60,000 Property, Plant:…
Moses Moonrocks Inc. has developed a balanced scorecard with a measure map that suggests that the number of erroneous shipments has a direct effect on operating profit. The company estimates that every shipment error leads to a reduction of revenue by 3,000 and increased costs of about 2,000. If the company has the following budgeted sales and costs for next month (without accounting for any possible shipping errors), determine how many shipping errors the company can afford to have and still break even:
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Assume that the traffic to the web site of Smileys People, Inc., which sells customized T-shirts, follows a normal distribution, with a mean of 4.5 million visitors per day and a standard deviation of 820,000 visitors per day. a. What is the probability that the web site has fewer than 5 million visitors in a single day? b. What is the probability that the web site has 3 million or more visitors in a single day? c. What is the probability that the web site has between 3 million and 4 million visitors in a single day? d. Assume that 85% of the time, the Smileys People web servers can handle the daily web traffic volume without purchasing additional server capacity. What is the amount of web traffic that will require Smileys People to purchase additional server capacity?
The Accountant has not been on vacation for an entire year and decides to take a couple of days off. The Manager of your company asked you to prepare a cash budget, as the Board of Directors are going to meet tomorrow. Your company is a service company and caters to clients with a minimum of $500,000 per annum income. A review of the company’s cash policy revealed that there must be a minimum balance of $100,000. The current opening cash balance is $300,000. The information under review pertains to periods ending June 30th and September 30th 2022. The following information has been collected from other portions of the master budget and elsewhere. Estimated Collections from Clients: 1st period $420,000 2nd period $1,000,000 Estimated Payments: Salaries 1st period $280,000 2nd period $350,000…
The corporation you work for has asked for a summary and report of the future projections for the next 5 years. With the help of your CFO, you have put together the following preliminary budget figures based on last year's numbers for a planned production and sales level of 4,000 units per year: Building depreciation $200,000/yr. Machine operators $100,000/yr. Management staff $400,000/yr. Direct materials $4,000,000/yr. Other expenses that seem to vary based on production levels $3,000,000/yr. Other expenses that don't seem to vary $1,300,000/yr. Selling price per unit $5,000/unit Utilities: This category is difficult to analyze; a part of it is related to the building's heat and light, whereas a part of it is used in the manufacturing process itself. You have the following data to which you will apply the high–low method: When there is no production, utility costs are $20,000/month When production levels reached 4,000 units/month,…
Smith Inc. currently fills mail orders from all over the country and receipts were received in its head office. The company's average accounts receivable is P3,125,000 and is financed by a bank loan with 10% interest. Smith is considering a regional lockbox system to speed up collections. This system is projected to reduce the average accounts receivable by 15%. The annual cost of the lockbox system is P25,000. What is the estimated net annual savings in implementing the lockbox system? A. 22,985 B. 28,455 C. 25,750 D. 21,875
The directors of Hamble Ltd have asked you, as a recently employed assistant management accountant, to prepare and review their cash budget. The bookkeeper started the cash budget but was unable to complete it due to ill health. In addition, Hamble Ltd requires you to evaluate the different funding options for its expansion plans. Estimated sales and purchases for each of the nine months to September are given below: Jan £,000 Feb £,000 Mar £,000 April £,000 May £,000 June £,000 July £,000 Aug £,000 Sept £,000 Credit sales 9,500 8,000 6,000 11,000 12,350 14,000 13,250 4,500 12,500 Cash sales 250 350 800 600 620 900 500 350 800 Credit purchases 6,000 5,200 5,800 8,000 8,700 6,300 5,200 5,000 5,100 Trade Receivables: Credit sales are to be collected two months after the date they have been sold. Trade Payables: Credit purchases are to be paid one month after the date they have been…
Inc. currently fills mail orders from all over the country and receipts were received in its head office. The company’s average accounts receivable is P3,125,000 and is financed by a bank loan with 10% interest. Inc. is considering a regional lockbox system to speed up collections. This system is projected to reduce the average accounts receivable by 15%. The annual cost of the lockbox system is P25,000. What is the estimated net annual savings in implementing the lockbox system? P28,455P22,985P25,750P21,875