A positive risk response produces provides positive strategies to achieve a positive goal while a negative risk response provides negative strategies to achieve a negative goal. There are four ways four strategies that produces a response risk; enhance, exploit, accept and share. The type of response risk will vary in the accept part.
An example of a positive risk is when you are given a project in class and you are to finish it in four months. Being a hardworking person that you are, you wanted to finish it in one month and so you find methods to compress your time schedule and achieve your goal.
Let us take the example from the above mentioned before for an example of a negative risk. So instead of four months, since you do not like working or the fact that maybe you don't like the project, you passed your project in six months. What you just did is lounge around the corner and did nothing to just improve the project.
Answer:
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Explanation:
First determine the units sold
Units Sold = Total Purchases - Units in hand
= 1,410 units - 270 units
= 1,140
Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.
FIFO
Means First in First Out
Cost of the ending inventory = 270 x $9.00 = $2,430
LIFO
Means Last in First Out
Cost of the ending inventory = 270 x $6.00 = $1,620
Conclusion
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Possible losses due to negligence resulting in bodily harm or property damage to others are called B.) LIABILITY risks.
Liability is an obligation that you must do or must pay for.
Answer:
The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
Explanation:
Amount eliminated from cost of goods sold in the combined income statement for year 2008.
saturn purchase merchandise from Venus at 125 % of sol cost.
sol sold inventory to saturn for $ 25,000
Amount should be eliminated from combined income statement
= $25,000*125/100
= $31,250
Therefore, The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
Answer:
"Inflation" implies that pressure for price increases reaches across "most" markets, not just one.
