Firms often lunch products periodically. The period of time that is ideal to achieve the success of a new product is the Launch window.
<h3>What is product launch windows?</h3>
Most firms often have a narrow product launch windows. In this type of window, there is a limited product life cycles.
Organizations due to the fact that they known the consequences behind missing the optimum point for a new product to be launch, they often take a the right and proactive steps toward the timing of product introductions to the market.
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Answer:
The correct word for the blank space is: procurement policy.
Explanation:
A procurement policy within the work frame is the set of regulations that establishes boundaries on the purchase of assets for the company's employees. Its main role is to ensure those purchases adjust to the needs of the organization so that the company can add value to its operations.
Explanation:
The adjusting entry is as follows
Insurance expense A/c Dr $4,800
To Prepaid insurance A/c $4,800
(Being the insurance expense is recorded)
The computation is shown below:
= Beginning balance + debited amount - unexpired insurance amount
= $6,600 + $2,300 - $4,100
= $4,800
So while preparing the adjusting entry, we debited the insurance expense account and credited the prepaid insurance account
