Tetra Pak Ltd. is one of the leading business organization in packaging industry of Pakistan, and is currently assessing the commercial risk of its new project. The project which it currently want to peruse is introduction of new packaging material and system that is more of ecological and environmental friendly. This project would require Tetra Pak ltd. to establish new industrial plant in extension of the existing one, so to produce that new packaging material that could be sold to different industries for their packaging (such as beverages industry). Requirement: Assuming that you are part of project risk management team, how would you assess all of the key operating risk and revenue risk of the project (under commercial risk assessment and management)? As well as how would you assess which of the revenue risk management techniques would be appropriate for this project among offtake contracts, concession agreement, and hedging contract (provide rational for your choice for any one or mix approach for protecting organizational revenue).

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.