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Techniques to prevent, minimize or reduce losses or the consequences of losses is Select one: O a

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Techniques to prevent, minimize or reduce losses or the consequences of losses is Select one: O a. risk control. O b. risk management c. risk optimization d. risk reduction O e. risk utilization

The assistant accountant from head office of Arundell Enterprises Ltd, has summarized the Income Statement, Balance Sheet and Cash flow statement from the 2010 Annual Report. They appear as follows: Arundell Enterprises Ltd Statement of Financial Performance yr ended 30/06/2010 Revenues Cash at bank $ 75,000.00 Less: Accounts payable $ 20,000.00 Gross Profit $ 55,000.00 Wages $ 10,000.00 Interest expense $ 5,000.00 Machinery at cost $ 35,000.00 Profit $ 5,000.00 Arundell Enterprises Ltd Arundell enterprises Statement of Financial Position Cash flow statement as at 30/06/2010 for period ending 30/06/2010 Receipts from customers $ 125,000.00 Assets Payments to suppliers & employees -$ 70,000.00 Current Payment of interest $ 5,000.00 Sales $ 120,000.00 Depreciation - Machinery $ 5,000.00 Capital $ 20,000.00 Net cash inflow $ 45,000.00 $ 140,000.00 Opening bank balance $ 25,000.00 Non Current Closing Bank Balance $ 70,000.00 $ 140,000.00 Liabilities Current Cost of Goods Sold $ 55,000.00 Non Current $ 55,000.00 Owners Equity Inventory loan from XL finance Capital @end $ 20,000.00 $ 50,000.00 $ 70,000.00 $ 125,000.00 He has instructed you to check the statements and provide a new set of reports, making the necessary changes where required. Arundell Enterprises Ltd Arundell Enterprises Ltd Arundell enterprises Statement of Financial Performance Statement of Financial Position Cash flow statement yr ended 30/06/2010 as at 30/06/2010 for period ending 30/06/2010 Revenues Assets Less: Current Net Cash Inflow (Outflow) Gross Profit Interest expense $ 5,000.00 Wages $ 10,000.00 Non Current Liabilities Current Interest expense $ 5,000.00 Wages $ 10,000.00 Non Current Liabilities Current Non Current Owners Equity +profit Capital @ end Loan from XL Finance $50,000 Bank Balance at Beginning $25,000 $45,000 Receipts from customers $125,000 Cash at Bank $75,000 Payment of interest ($5,000) Payment to suppliers & Employees ($70,000) Sales $120,000 $60,000 Interest on loan $5,000 $50,000 Inventory $20,000 $65,000 Machinery (Carrying Cost) $35,000 Cost of Goods Sold $55,000 Bank Balance at End $75,000 Capital at beginning $15,000 Accounts Payable $20,000 $75,000 Depreciation - Machinery $5,000 Net Profit $45,000 Please put an answer in each box.