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3 years ago

The uncertainty associated with decision making is referred to as:

1 answer:

5 0

The uncertainty associated with decision making is referred to as D) risk, based on the compatibility to the sentence. The term risk determines the possibility of an occurring difference between the actual and expected situation. This term also usually associated with the uncertainty of decision making. Thus, "risk" is the most suitable answer.

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One reason to buy a home instead of rent a home is:

Natali [406]

It’s better to buy a home instead of renting a home because when you rent, your paying someone else’s mortgage! Whereas when you buy a home, you’re paying your own mortgage not someone else’s. It’s also better to buy a house because when you rent, you can’t change anything about the house because it’s essentially not yours. For example, if you wanted to plant s tree in the backyard of your rented house, you wouldn’t be able too because it’s not your yard. Whereas if you bought your house, you could do whatever you want to it because it’s yours.
I hope this helped! :-)

5 0

3 years ago

Read 2 more answers

What comparison can be made between command economies and market economies? etafset

Vitek1552 [10]

Answer:

The difference between command economy's and market economy's is that a command economy the government controls what is produced and how it will be shared. and in a market economy people have more freedom and can make their own decisions.

Explanation:

7 0

3 years ago

NEED HELP ASAP, WILL GIVE BRAINLIEST

Sholpan [36]

What new laws to the New York factory investigating commissions request check all that apply

1. no factory workers under age 10
3. a minimum wage for all workers
4. increased sanitation standards

3 0

3 years ago

A teacher has decided to take her fifth grade class to a play. The manager of the theater agreed to discount the regular $35 pr

MArishka [77]

Answer:

40 students

Explanation:

The cost of the bus is $480

For x students, the cost of each ticket will be 35 - 0.30x

The total cost of the tickets for x students will be x(35 - 0.30x)

To find the number of students that will make the cost per student equal to $33, we solve for x:

480+ x(35 - 0.30x) =35

480+ x(35 - 0.30x) = 35x

480 + 35x - 0.30x² = 35x

480 = 0.30x²

1,600 = x²

40 = x

The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.

8 0

3 years ago

Cooper Company currently uses the FIFO method to account for its inventory but is considering a switch to LIFO before the books

VLD [36.1K]

Answer:

Cooper Company

1. FIFO:

Current ratio

= 3.15

Inventory turnover ratio

= 1.34

Rate of return on operating assets

= 12%

2. LIFO:

Current ratio

= 2.85

Inventory turnover ratio

= 1.73

Rate of return on operating assets

= 12.8%

Explanation:

a) Data and Calculations:

Merchandise inventory, January 1 $1,430,000

Current assets 3,603,600

Total assets (operating) 5,720,000

Cost of goods sold (FIFO) 2,230,800

Merchandise inventory, December 31 (LIFO) 1,544,400

Merchandise inventory, December 31 (FIFO) 1,887,600

Current liabilities 1,144,000

Net sales 3,832,400

Operating expenses 915,200

FIFO

Merchandise inventory, December 31 (FIFO) $1,887,600

Cost of goods sold (FIFO) 2,230,800

Goods available for sale $4,118,400

Merchandise inventory, January 1 1,430,000

Purchases $2,688,400

LIFO:

Goods available for sale $4,118,400

Merchandise inventory, December 31 (LIFO) 1,544,400

Cost of goods sold (LIFO) $2,574,000

Income Statements FIFO LIFO

Net sales $3,832,400 $3,832,400

Cost of goods sold (FIFO) 2,230,800 2,574,000

Gross profit $1,601,600 $1,258,400

Operating expenses 915,200 915,200

Net income $686,400 $343,200

Merchandise inventory, December 31 (LIFO) 1,544,400

Merchandise inventory, December 31 (FIFO) 1,887,600

Difference between FIFO and LIFO = 343,200

FIFO Difference LIFO

Current assets 3,603,600 343,200 3,260,400

Total assets (operating) 5,720,000 343,200 5,376,800

Cost of goods sold (FIFO) 2,230,800 2,574,000

Merchandise inventory, January 1 1,430,000 1,430,000

Merchandise inventory, December 31 1,887,600 1,544,400

Current liabilities 1,144,000 1,144,000

Average inventory 1,658,800 1,487,200

FIFO:

Current ratio = current assets/current liabilities

= $3,603,600/$1,144,000 = 3.15

Inventory turnover ratio = Cost of goods sold/Average Inventory

= $2,230,800/$1,658,800

= 1.34

Rate of return on operating assets = Net income/Total assets * 100

= $686,400/$5,720,000 * 100

= 12%

LIFO:

Current ratio = $3,260,400/$1,144,000

= 2.85

Inventory turnover ratio = $2,574,000/$1,487,200

= 1.73

Rate of return on operating assets = $686,400/$5,376,800 * 100

= 12.8%

3 0

3 years ago