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3 years ago

List the steps of the decision making process.

1 answer:

6 0

Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action
Step 7: Review your decision & its consequences.

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TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, whereas FareLin

DENIUS [597]

Answer:

16.80% and 39.43%

Explanation:

The formula to compute the net profit margin is shown below:

Net profit margin = Net income ÷ Total revenues × 100

For Travel lite, the net profit margin is

= $1,080 ÷ $6,430 × 100

= 16.80%

And, for fare line, the net profit margin is

= $3,020 ÷ $7,660 × 100

= 39.43%

By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company

It is always expressed in percentage

6 0

3 years ago

A company is planning to have a booth at a job fair to recruit for landscapers. In order to help potential applicants decide whe

andriy [413]

Answer:

Explanation:

yes they should encourage everyone and the share the information with everyone so that interested and qualifying candidates can get a chance to apply

7 0

3 years ago

Lewis Company traded machinery with a book value of $950,000 and a fair value of $900,000. It received in exchange from Timmons

Komok [63]

Answer:

Lewis should recognize a gain on the exchane of $13,636

Explanation:

In order to calculate the amount of gain or loss should Lewis recognize on the exchange, first we have to determine the amount of gain with the followig formula:

Gain=Total value of the machine received-Book value of machine exchanged

=(cash received+fair value of machine received)- $950,000

=($100,000+$1,000,000)-$950,000

=$ 150,000

Next, In order to calculate the amount of gain or loss should Lewis recognize on the exchange we have to use the following formula:

recognize gain or loss=( cash received )× gain

cash received+fair value of equipment received

= ( $ 100,000 )× 150,000

$100,000+$1,000,000

=$13,636

Lewis should recognize a gain on the exchane of $13,636

8 0

3 years ago

Nguyen Inc. applies overhead to products based on direct labor hours using normal costing. During 2016, total overhead costs wer

jek_recluse [69]

Answer:

overhead rate: 17.5

Explanation:

The difference between applied an actual overhead is calculated as follows:

actual hours x overhead rate - actual cost = over or underapplied overhead

underapplied means actual were higher than applied

while, overapplied means the actual cost were lower.

Based on this information we can set up the foermula as follows:

overhead rate x 32,000 -540,000 = 20,000

now we solve for the rate:

rate = (20,000 + 540,000) / 32,000 = 17.5

3 0

2 years ago

The following information is for the standard and actual costs for the Happy Corporation:

kap26 [50]

Answer:

a. 24,000 unfavorable

Explanation:

Quantity Variance = Standard Price ( Actual Quantity - Standard Quantity Allowed)

= $12 per pound (8 lbs.*16,500 lbs-8 lbs.*16,000)

= $ 12 (132,000 lbs-130,000 lbs) = $ 12 (2000)= 24,000 unfavorable

It is unfavorable because the actual quantity used is more than the standard quantity allowed.

Quantity variance is obtained by multiplying the standard price with the difference in the actual quantity used and the standard quantity allowed.

3 0

3 years ago