All categories

3 years ago

Rules of thumb rarely if ever lead to severe errors in the decision making process.a. Trueb. False

Business

1 answer:

Drupady [299]3 years ago

6 0

Answer:

False

Explanation:

Rule of thumb is generally an important factor in the decision-making process and they are made to mitigate the chances of errors. In decision making, there are various aspects which are involved and every time a decision is made circumstances are different. That is why the rule of thumb doesn't work always. So, the above statement is false, the rule of thumb can lead to severe errors in the decision-making process.

You might be interested in

Champion Contractors completed the following transactions and events involving the purchase and operation of equipment in its bu

dybincka [34]

Answer and Explanation:

The Journal entries are shown below:-

Jan 1

Equipment Dr, $300,600 ($287,600 + $11,500 + $1,500)

To Cash $300,600

(Being equipment is recorded)

Jan 3

Equipment Dr, $4,800

To Cash $4,800

(Being equipment is recorded)

Dec 31

Depreciation expenses-equipment Dr, $70,850

($300,600 + $4,800 - $20,600 - $1,400) ÷ 4

To Accumulated depreciation-equiment $70,850

(Being depreciation expense is recorded)

Year 2018

Jan 1

Equiment Dr, $5,400

To Cash $5,400

(Being equipment is recorded)

Feb 17

Repair expenses Dr, $820

To Cash $820

(Being repair expense is recorded)

Dec 31

Depreciation expenses-equipment Dr, $43,590

To Accumulated depreciation-equiment $43,590

(Being depreciation expense is recorded)

For Computing the Depreciation year 2018

Particulars Amount

Jan 1 2017 Cost of loader ($287,600 + $11,500 + $1,500) $300,600

Add cost of air conditioning installation on

Jan 3 2017 $4,800

Book value of depreciation for year 2017 $305,400

Less: Depriciation of year 2017

($305,400 - $20,600 - $1,400) ÷ 4 $70,850

After depreciation the book value for year 2017 $234,550

Add: Cost to overhaul the loader's engine $5,400

Before depreciation the book value of 2018 $239,950

Depreciation of year 2018

($239,950 - $22,000) ÷ (4 - 2 + 1) $43,590

6 0

4 years ago

Manuel is training for a triathlon, a timed race that combines swimming, biking, and running.

NARA [144]

Answer:

1) The cost of something is what you give up to get it

Explanation:

Manuel is giving up earning $ 12 in his job for an hour swimming. Where he also has to pay an entrance fee of $ 4 for the pool. The real cost to him for swimming an hour is: $16.

8 0

4 years ago

Read 2 more answers

If you burn 150. g of C2H6O, how many grams of CO2 and H2O can be produced?

VLD [36.1K]

Answer:

We will produce 2.87 * 10³ grams CO2 and 1.76 *10³ grams H2O

Explanation:

Step 1: Data given

Mass of C2H6O = 150.0 grams

Molar mass of C2H6O = 46.07 g/mol

Step 2: The balanced equation

C2H6O + 3O2 → 2CO2 + 3H2O

Step 3: Calculate moles C2H6O

Moles C2H6O = mass C2H6O / molar mass C2H6O

Moles C2H6O = 150.0 grams / 46.07 g/mol

Moles C2H6O = 3.256 moles

Step 4: Calculate moles products

For 1 mol C2H6O we need 3 moles O2 to produce 2 moles CO2 and 3 moles H2O

For 3.256 moles C2H6O we'll have 2*3.256 = 6.512 moles CO2

For 3.256 moles C2H6O we'll have 3 * 3.256 = 9.768 moles H2O

Step 5: Calculate mass of products

Mass CO2 = 6.512 moles * 44.01 g/mol = 286.6 grams = 2.87 * 10³ grams

Mass H2O = 9.768 moles * 18.02 g/mol = 176.0 grams = 1.76 *10³ grams

We will produce 2.87 * 10³ grams CO2 and 1.76 *10³ grams H2O

5 0

3 years ago

Match each term in column A with it’s definition in column B Column A 1. barter 2. money 3. currency 4. monetary unit 5. deposit

prohojiy [21]

Matching each monetary term in Colum A with its definition in Column B is as follows:

Column A Column B

(Monetary Terms) (Definitions of the monetary terms)

1. Barter f. the exchange of goods for goods.

2. Money d. Anything generally excepted in

payment for goods and services.

3. Currency e. Money that is easy to carry because it

is paper.

4. Monetary unit b. The standard unit of value of a

country’s currency.

5. Depositor c. A person who places money in an

account in a bank for safety and earnings.

6. Bureau of the Mint h. An organization that manufactures the

US coins.

7. Electronic funds transfer (EFT) a. The use of computers to receive and

make payments.

8. Federal Revenue System g. An organization that regulates the

nation's banks and its money supply.

<h3>What is a monetary term?</h3>

A monetary term is a description of economic knowledge or activity involving the use of money.

Examples of other monetary terms are:

Inflation
Price
Time value of money
Purchasing power
Profit
Wages.

Thus, the monetary terms have been <u>matched correctly</u> with their definitions.

Learn more about economic terms at brainly.com/question/3527735

6 0

3 years ago

Companies are not permitted to collect personal information from children under the age of ________ without parental consent. 8

LekaFEV [45]

Under the age of thirteen. C.13

3 0

3 years ago