The ethical decision-making metric will allow the manager to Disregard personal ethical considerations in the decision-making process.
In psychology, decision-making (also spelled decision making and decisionmaking) is considered the cognitive method resulting in the choice of a belief or a course of action among many potential various options. It can be either rational or irrational. The decision-making process could be a reasoning process supported by assumptions of the values, preferences, and beliefs of the decision-maker. Every decision-making process produces a final choice, which can or might not prompt action.
Research regarding decision-making is additionally printed below the label problem solving, notably in European psychological research. Decision-making can be regarded as a problem-solving activity yielding an answer deemed to be optimal, or a minimum of satisfactory. it's so a process that may be a lot or less rational or irrational and can be based on explicit or tacit knowledge and beliefs.
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All of them but computers
Answer:
probability = 0.008
probability = 0.0256
Explanation:
we know here probability of defective is 0.2
so probability of not defective is 1 - 0.2 = 0.8
as we know 3 item is arrive off process line in succession
so The probability that an item is defective is
as P(defective) = 0.20
as all item are independent so
probability that all three items are defective is
probability = 0.20 × 0.20 × 0.20 = 0.008
and
probability that exactly 3 of next 4 are defective
so number of way that can choose 3 out of 4 is
= 
= 4
so as all are independent probability is
probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )
probability =
× 0.2³ × ( 1- 0.2)
probability = 4 × 0.008 × 0.8
probability = 0.0256
The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.
<h3>What is Bad debt?</h3>
Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.
According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.
The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.
Journal Entry for the estimated bad debts is as follows:
DR. BAD DEBT EXPENSE $900
To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900
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Answer:
The minimum transfer price is $25.
Explanation:
The number of containers to be transferred = 10000 containers.
The rate of its container = $41.00
The selling price of food to customers = $98 per unit.
The variable cost per unit for food division = $37 per unit
The fixed price per unit = $25
The transfer price should be a minimum of $25 that is equal to variable cost because as per the rule the transfer price between the organization should be equal to variable cost or marginal cost. therefore, the minimum transfer price is $25.