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3 years ago

Business schools generally train students to follow ________ decision-making models

1 answer:

tatiyna3 years ago

8 0

Business schools generally train students to follow rational decision-making models.
These types of schools want their students to implement the knowledge they got from their studies into their everyday working lives in the future where they will have to be rational when making certain decisions in the workplace.

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Carroll Inc., a cell phone manufacturer, has its assembly operations performed by Mortimer Corp., a firm that deals exclusively

Alex_Xolod [135]

Answer:

Explanation:

Outsourcing is defined as the act of obtaining semi-finished products, finished products or services from an outside company.

The advantages of outsourcing are:

-Flexibility. Additional workforce for the temporary requirements.

-Prices. Good acquired partnerships can lower the prices of labor and materials.

-Overhead costs. These costs can be extremely high, particularly for entrepreneurs. By outsourcing those functions, overhead costs are diminished.

-Focus. The main benefit of outsourcing not so crucial tasks for parts of your operations is that the extra time can be utilized towards the more value added objectives of the business.

-Operational risks. Keeps the operation going in case of employee turnover.

7 0

3 years ago

A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land (a fixed cost) and

Digiron [165]

Answer:

If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

Explanation:

given data

MC = MR.

average total cost of producing wheat = $26

price of wheat = $10

solution

As long as the cost of a bushel of wheat ($ 6) exceeds the variable production cost of a bushel of wheat ($ 4), the farmer should continue to produce wheat. He loses $ 2 per bushel, but loses $ 4 if he stops producing wheat.

If the price of wheat does not rise in the long run, the farmer should stop the production of wheat.

4 0

2 years ago

The organization Shelter the Needy is completing its Form 990 and it is trying to determine if it has unrelated business income

Nata [24]

Answer:

D) None of the items listed would be subject to unrelated business income taxes.

Explanation:

Since Shelter the Needy is a tax exempt organization it must file Form 990 and must include the financial information of the nonprofit. Depending on the organization's total income for the year, it must file Form 990 or it can file Forms 990 EZ or 990 N, and if it is a foundation it must file Form 990 PF.

Any art work or other donations made to the nonprofit can be sold as long as the proceeds are used to keep the nonprofit operating. Nonprofits are also allowed to earn revenue from services that they provide as long as they are related to the organization's main activity and the proceeds are used for normal operations.

8 0

3 years ago

Sunland Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does no

Aleksandr-060686 [28]

Answer:

Nov. 1 Loaned $63,600 cash to C. Bohr on a 12-month, 9% note

Debit Notes receivable $63,600

Credit Cash $63,600

(To record notes receivable)

Debit Interest receivable $954

Credit Interest revenue $954

(To record accrued interest as at Dec 31)

Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 8% note

Debit Notes receivable $5,400

Credit Cash $5,400

(To record notes receivable)

Debit Interest receivable $23

Credit Interest revenue $23

(To record accrued interest as at Dec 31)

16 Received a $14,400, 180-day, 6% note to settle an open account from A. Murdock

Debit Notes receivable $14,400

Credit Cash $14,400

(To record notes receivable)

Debit Interest receivable $34

Credit Interest revenue $34

(To record accrued interest as at Dec 31)

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

Nov. 1: In this case, the total interest revenue is: $63,600 x 9%/12 x 12 months = $5,724.

Interest expense as at December 31 is therefore $5,724 / 12 x 2 = $954.

Dec. 11: Total interest revenue is: $5,400 x 8%/12 x 3 months = $108.

Interest expense as at December 31 is therefore $108 / 90 days x 19 days = $23.

Dec. 16: Total interest revenue is: $14,400 x 6%/12 x 6 months = $432.

Interest expense as at December 31 is therefore $432 / 180 days x 14 days = $34.

3 0

2 years ago

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794, how should t

sertanlavr [38]

Answer:

To treat this in the bank reconciliation, the difference of $45 is deducted from the balance per bank.

Explanation:

Based on the information given;

The amount recorded (as a deduction) in the books was in excess of $45 being the difference between the actual amount $749 and the erroneous amount recorded $794.

As such, to reconcile the bank statement balance to the balance in the books, the difference $45 is deducted from the balance per bank.

However, in the computation of the book balance the excess amount $45 is added to the book balance to correct the error.

3 0

3 years ago