Describe the three types of project risks and detail the situation in which each type is most relevant when making a capital budgeting decision. Also include the effect of correlation.
Next, compare and contrast cash accounting methodology and accrual accounting methodology in order to illustrate how each works best for different types of companies.
- Present your analysis as a 2- to 3-page report in a Microsoft Word document formatted in APA style.
- On a separate page, cite all sources using APA format.