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Nataly_w [17]
2 years ago
5

Which of the following statements is true in the context of selecting the best alternative? a. The decision maker can only selec

t one best alternative. b. The decision maker can develop subjective estimates and weights for choosing an alternative. c. The decision maker must choose the alternative that involves the most costs. d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative. e. The decision maker can choose an alternative that does not pass the consequence, satisfactoriness, and feasibility test.
Business
1 answer:
Assoli18 [71]2 years ago
7 0

Answer:

d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.

Explanation:

It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.

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The terms of trade are acceptable if the price is ________ the seller’s opportunity cost and ______ the buyer’s opportunity cost
Maslowich

The terms of trade are acceptable if the price is above the seller’s opportunity cost and below the buyer’s opportunity cost.

<u>Explanation:</u>

The benefits that we spend in attaining something is the opportunity cost. The profits or values that you give up to get something is called Opportunity cost. For example when you choose to go to movie, the amount that you spend on the movie will not be spent on getting anything else or the time that you spend in watching the movie cannot be spent on reading stories or any other act.

This next best alternative that is forgone in seeing a movie is called opportunity cost. Opportunity cost can be calculated by subtracting the return on the option that is chosen from the return on the best forgone option. When the price of anything is above  the opportunity cost of seller and below the opportunity cost of the buyer, then the trade will be acceptable.

5 0
2 years ago
Lauren and Jeff have both identified issues they're having working together on their project. What is the next step to finding a
loris [4]

Answer:

Brainstorm possible solutions

Explanation:

After identifying the problem, Lauren and Jeff will have to find agreeable ways of solving the issues. The solutions must be a joint effort between the two; otherwise, the problems will persist. Each has to propose solutions they deem fit. They will then brainstorm on the proposals and come up with appropriate solutions acceptable by each.

3 0
2 years ago
In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
mamaluj [8]

Answer:

$114,000

Explanation:

Given that,

Net credit sales = $2,250,000

Opening allowance for Doubtful Accounts = $36,000

Uncollectible accounts receivable written off = $90,000

Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:

= Uncollectible accounts receivable written off  - Opening allowance for Doubtful Accounts

= $90,000 - $36,000

= $54,000

Allowance amount:

= 10% of the balance in receivables

= 0.1 × $600,000

= $60,000

Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and  allowance amount.

= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount

= $54,000 + $60,000

= $114,000

4 0
2 years ago
On July 1, Year 1, Yellow Rose Corp. paid $25,000 cash for a machine and paid an additional 8% sales tax. On the same date, an e
Lina20 [59]

Answer:

Journal entries are given below

Explanation:

July 1, Year 1 (Yellow Rose Corp. purchased a machine)

                                            DEBIT      CREDIT

Machine                            $28,000  

Cash                                                     $28,000

Working

Cost of machine = Purchase price + Sales tax + Installation

Cost of machine =  $25,000 + $2,000 + $1,000

Cost of machine =   $28,000

Depreciation for year 1 (October to December)

                                                       DEBIT      CREDIT

Depreciation Expenses                $1,300  

Accumulated Depreciation                             $1,300

Working

Annual Depreciation expense = (Cost - salvage value) / useful life

Annual Depreciation expense = (28000 - 2000) / 5 = $5,200

Depreciation for 3 months

Depreciation = $5,200 x 3/12

Depreciation = $1300

Sale of the machine

                                                       DEBIT      CREDIT

Cash                                        $14,000  

Loss on Sale                                 $7,500  

Accumulated Depreciation         $6,500  

Machinery                                                       $28,000

Workng

Gain/Loss on sale = Sale proceed - carrying value

Gain/Loss on sale = 14,000 - 21,500

Loss on sale = $7,500

Carrying value = Cost - Accumulated depreciation

Carrying value = 28,000 - 6500 = 21500

Accumulated depreciation = $1,300 + $5,200 = $6,500

7 0
2 years ago
A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjust
Varvara68 [4.7K]

Answer:

A. cost-plus regulation

Explanation:

When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.

It is usually carried out by the government.

8 0
2 years ago
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