Answer:
Ranking projects from least risky to most risky:
1. Repair to old machinery.
2. Addition to normal product line.
3. Completely new market in United States.
4. Completely new market in South America.
Explanation:
As can be seen from the above scenario, the risk profile increases as the company's activities move away from the known, controllable, and internal arenas to the unknown, uncontrollable, and external arenas. This implies that increasing uncertainty induces more risk.
Answer:
Explanation:
The journal entry is shown below:
Finished goods A/c Dr XXXXX
To Work in progress A/c - Waterproofing XXXXX
(Being the completion of the production is recorded)
Since there are 2 steps to make the finished good. The first one is raw material and then process the raw material which we called work in progress account, After processing the product, the goods are ready to the sale which we called finished product.
So, we debited the finished goods account and credited the work in progress account
Refrained from making commitments to its partners and ensured that they do the same.
A strategic alliance is supposed to be two or more companies working together to achieve a common goal while still maintaining their independent company identity, but if they fail to manage that relationship then the should refrain from making promises or goals they cannot keep.
Answer:
It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
Explanation:
