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Law Incorporation [45]
3 years ago
12

Construct a decision-making grid that analyzes the potential choices of attending basketball practice and working at an after-sc

hool job.
Business
1 answer:
lidiya [134]3 years ago
8 0

Answer:

A decision-making grid helps you to analyze what you gain and what you lose whenever you make choices. Refer to the following decision grade that analyzes the potential choices of attending basketball practice and working at an after-school job.

Explanation:

Decision-making grid:

Before constructing a decision-making grid, lets assume that the Mr. A chose to work an after-school job, so the benefits are associated with his choice whereas the opportunity cost represents the choice he could have chose i.e. attending basketball practice

Choice                       Benefits                                      Opportunity Cost

One hour at Job        Afford to pay his tuition fees     Learn a new skill    

Two hours at Job      Afford a gaming console      Able to achieve req.fitness  

Three hours at Job    Afford to buy bike                 Make to the team's bench

Four hours at Job      Afford a good college          Make to the starting lineup

Five Hours at Job      Afford a car              A regular with good performances

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Answer and Explanation:

The Preparation of revenue Journal and cash receipts Journal is shown below:-

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<u>                  number                                      Fees earned Cr,</u>

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<u>March 20     515          Electronic Central Inc.     $195</u>

<u>March 31                            Total                           $2,165</u>

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Date      Accounts    Post ref.   Fees          Accounts          Cash Dr,

<u>               credited                    earned Cr,  receivable Cr,                   </u>

March 4   CMI Inc.                                        $205                  $205

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<u>               (Fees earned)            $85                                           $85</u>

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Answer:

Alternative of cleaning and shipping is better as loss value is less.

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