Answer:
reported as a current asset on the balance sheet.
Explanation:
According to US GAAP, inventory must be reported at lower of cost or market value. ⇒ Therefore, "generally valued at the price for which the goods can be sold." is wrong.
Inventory is included under current assets since it is considered relatively liquid. ⇒ Therefore, "reported under the classification of Property, Plant, and Equipment on the balance sheet." is wrong.
Inventory is not an expense, cost of goods sold is an expense account. ⇒ Therefore, "reported as a miscellaneous expense on the income statement." is wrong.
Answer:
It is also important to be able to identify and estimate the size of your target market, particularly if you're thinking about a new venture, so that you can tell if the customer base is large enough to support your business or new product idea. Remember that it's not enough that people like your business concept.
Explanation:
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Answer:
Diversifiable
Explanation:
Diversifiable risk is risk that is peculiar to a company or industry. It can be eliminated by diversifying portfolio.
Systematic or Market risk is risk that is peculiar to the market and it can't be diversified away.
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When technology is progressing rapidly, firms are more likely to;
commit themselves to fixed assets.
focus on developing the necessary skills in-house.