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3 years ago

What are the 7 steps in the decision making process

Business

1 answer:

lions [1.4K]3 years ago

8 0

Answer:

7 decision-making process steps

Identify the decision. To make a decision, you must first identify the problem you need to solve or the question you need to answer. ...

Gather relevant information. ...

Identify the alternatives. ...

Weigh the evidence. ...

Choose among alternatives. ...

Take action. ...

Review your decision.

Explanation:

7 decision-making process steps

Identify the decision. To make a decision, you must first identify the problem you need to solve or the question you need to answer. ...

Gather relevant information. ...

Identify the alternatives. ...

Weigh the evidence. ...

Choose among alternatives. ...

Take action. ...

Review your decision.

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What is the law of supply

Julli [10]

The law of supply is a fundamental principle of economic theory which states that, other factors held constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes

4 0

3 years ago

Read 2 more answers

A finance company has a total of $20 million earmarked for homeowner and auto loans. On the average, homeowner loans have a 10%

serg [7]

Answer:

Housing million dollars $1,655.2

Automobile million dollars $413.80

Explanation:

Calculation to determine the total amount of loans of each type

Calculation for HOMEOWNER LOANS

Homeowner loans=$20,000-[(10%*20,000)/(4*12%+10%)]*10%

Homeowner loans=[$20,000-($2,000/48%+10%)]*10%

Homeowner loans=[$20,000-($2,000/58%)]*10%

Homeowner loans=[$20,000-$3,448.3]*10%

Homeowner loans=$16,552*10%

Homeowner loans=$1,655.2

Calculation for AUTO LOANS

Auto Loans=[(10%*20,000)/(4*12%+10%)]*12%

Auto Loans=($2,000/(48%+10%)]*12%

Auto Loans=($2,000/58%)*12%

Auto Loans= $3,448.3*12%

Auto Loans=$413.80

Based on the above calculation Homeowner loans amount of $1,655.2 is 4 times Auto Loans amount of $413.80

Therefore the total amount of loans of each type that Madison should extend to each category in order to maximize its returns are:

Housing million dollars $1,655.2

Automobile million dollars $413.80

3 0

3 years ago

Alice Durant works in the accounts payable department for the BC Group. She recently found out that Della Granger, another A/P c

lions [1.4K]

Answer:

Rationalization

Explanation:

The Fraud Triangle has three legs:

opportunity: what circumstances were needed or allowed for the fraud to occur? Weak internal controls, inadequate accounting policies, etc.
incentive or pressure: what made the employee think about committing fraud? Financial expectations, bonuses based of performance, etc.
rationalization: How does the employee justify to himself/herself committing fraud? My boss or colleagues treat me wrong, everyone else does it, it is the only solution for my problem, etc.

5 0

3 years ago

Packard Corporation reported pretax book income of $500,000. Included in the computation were favorable temporary differences of

melomori [17]

Answer:

The corporation's current income tax expense or benefit would be $170100.

Explanation:

income tax expense or benefit = $500,000 + $100,000 - $10,000 -$80,000)*21%

= $107,100

Therefore, the corporation's current income tax expense or benefit would be $170100.

3 0

3 years ago

Blenman Corporation, based in the United States, arranged a 2-year , $1,000,000 loan to fund a project in Mexico. The loan is de

SashulF [63]

Answer:

17.67%

Explanation:

Solution

Given that:

The Loan amount in USD = $1,000,000

The Loan is denominated in Mexican pesos.

The rate of exchange at the time of loan = 5.75 pesos per USD

Thus,

The Loan amount in Mexican pesos = 1000000 * 5.75 = 5,750,000 Mexican pesos

The Loan carries interest rate = 6.5%

Now,

The Loan duration = 2 years = 4 semiannual periods

The Loan to be repaid in Mexican pesos in 4 equal semiannual installments

So,

To get semiannual installments we will apply PMT function of excel:

Which is,

PMT (rate, nper, pv, fv, type) = PMT(6.5%/2, 4, -5750000, 0, 0)

= 1556164.09 Mexican pesos

Thus,

The exchange rate dropped to 5.10 pesos per USD before the first semiannual payment is due and stays so till the end of loan period.

Then,

The Semiannual installment in USD = 1556164.09 / 5.10 = $305,130.2137

To get nominal semiannual rate (for USD amounts) we will use RATE function of excel:

The RATE(nper, pmt, pv, fv, type)

= RATE (4, 305130.2137, -1000000, 0,0)

= 8.477%

Effective annual rate = (1 + 8.477%) 2 - 1 = 17.67%

Therefore, the effective annual interest rate will Blenman end up paying on the loan is 17.67%

7 0

3 years ago