Step 1: Identify the decision that needs to be made. ...
Step 2: Gather relevant information. ...
Step 3: Identify alternative solutions. ...
Step 4: Weigh the evidence. ...
Step 5: Choose among the alternatives. ...
Step 6: Take action. ...
Step 7: Review your decision and its impact (both good and bad)
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer: $118,304
Explanation:
Given the following:
End of year cashflow of portfolio is either :
$70000 or $195,000
Probability of either equals = 0.5
With a riskless investment in T-bills of 4% and a risk premium of 8%, then the expected rate of return = 12%
Therefore ;
Amount of portfolio × (1 + expected rate of return) = expected cashflow.
Expected cash flow = probability × end of year cashflow
Expected cashflow = (0.5 × 70000) + (0.5 × 195000)
= 35000 + 97500 = $132500
Therefore ;
Amount of portfolio × (1 + 0.12) = 132500
Amount of portfolio × 1.12 = 132500
Amount of portfolio = 132500/1.12
Amount of portfolio = $118,303. 57
=118,304
Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
Answer:
100%
Explanation:
Since demand for process (250/hour) is greater than the Capacity of first workstation (200/hour)
. Then, the first workstation will be utilized 100%
