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3 years ago

List the steps of the decision making process with the first step on top

1 answer:

8 0

1. identify decision
2. gather information
3. identify alternatives
4. weigh the evidence
5. choose among alternatives
6. take action
7. review your decision

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To manufacture protective cases and keep its operations running smoothly, Connie’s Case Creations makes purchases from a number

AnnZ [28]

Answer:

Purchase of large-scale machinery to mold each case.- Major Equipment

Major equipment are large scale type assets.

Purchase of cleaning fluids for maintaining manufacturing equipment - Supply

Supply goods are bought to enable the company maintain their equipment.

Purchase of accounting services for tax preparation - Business Service

They are services purchased to maintain the business.

Purchase of bulk plastics to be molded into cases - Raw Materials

These are the commodity goods that will be used to make finished products.

Purchase of multifunction laser printers for office use - Accessory Equipment

Accessory equipment are light in nature but are still needed to help in the operations of the business.

Purchase of leather straps to be fastened to finished cases - Component Part

Purchase of plastic glues to attach decorations to finished cases - Process Material

These are products that will be used in the production process.

8 0

4 years ago

The following units of an inventory item were available for sale during the year:Beginning inventory 10 units at $55First purcha

Leto [7]

Answer:

$1150.

Explanation:

Given: Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70.

First, lets calculate total units of inventory available.

Total inventory available for sales during the year= $(10+25+30+15)= 80\ units$

∴ Total inventory available for sales during the year= 80 units

As given 60 units were sold out of total 80 units.

$80-60= 20\ units$

∴ 20 units of inventory is still remaining.

To determine the cost of unit sold, under LIFO accounting, you start with assumption that you have sold the most recent inventory and work backward.

As 20 units is still available after selling 60 units.

∴ The value of ending inventory= $(10\ units \times \$60 + 10\ units \times \$55)$

The value of ending inventory= $\$600+\$550= \$ 1150$

∴ The value of ending inventory using LIFO is $1150.

6 0

3 years ago

Dvd players would most likely be in the __________ stage of the product life cycle. introduction

RSB [31]

Answer:

growth

Explanation:

8 0

4 years ago

Which statement is true about the retail inventory method? Group of answer choices It may not be used to estimate inventories fo

mr_godi [17]

Answer:

The answer is: There are different versions of the retail inventory method.

Explanation:

There are several types of retail inventory method:

the conventional (lower of average cost or market) method,
the cost method
the LIFO retail method
the dollar value LIFO retail method

The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.

5 0

3 years ago

Which of the accompanying boxplots likely has the data with the larger standard deviation? why?

Paraphin [41]

The answer is Boxplot II. The standard deviation for the data associated with Boxplot II will likely have a larger standard deviation. Boxplot II has a greater spread than Boxplot I, as measured by the interquartile range, which is related directly to the standard deviation of a data set.

7 0

4 years ago