1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pishuonlain [190]
3 years ago
6

Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the

problem.
Business
1 answer:
vaieri [72.5K]3 years ago
4 0

Answer:

Intuition Decision Making model.

Explanation:

Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.

When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.

You might be interested in
Berkshire Inc. uses a periodic inventory system. At the end of 2015, it missed counting some inventory items, resulting in an in
zlopas [31]

Answer:

Assets understated by $510,000, liabilities understated by $153,000 and shareholders' equity understated by $357,000.

Explanation:

An understatement of closing inventory will have the following effects,

First of all the inventory as an asset is understated by $510,000

Second, this inventory was subject to deduction from the Cost of goods sold as, Cost of goods sold = Opening Inventory + Purchases - Closing Inventory.

Since this amount was not subtracted from the CGS, the gross profit and ultimately the Net profits were understated by $510,000.

This will be added in the net profits.

With an increase in net profits, the tax payable amount also increases. This is calculated as 510,000 * 0.30 = $153,000

So total change in profits is = 510,000 - 153,000 = $357,000

While $153,000 is still payable and is recorded as a tax payable liability.

Thus,

Assets understated by $510,000

Liabilities Understated by $153,000 (tax payable)

Share holders equity understated by $357,000 (part of retained profits)

Hope that helps.

6 0
3 years ago
Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words,
gizmo_the_mogwai [7]

Answer:

Throughout my home, there are many objects that were made in many different places. These objects, though they may seem pedestrian, are highly significant in their ability to help and serve. One of these objects includes my television. This trade occurred at Best Buy, where I gave $5,000 U.S dollars in turn for a continuous flow of information. I have since been positively impacted, as I am always aware of my surroundings (I.e. news) and I can keep up with the latest shows. Another example is my refrigerator. My refrigerator allows me to, once again, connect to the internet and keep in touch with those around me. This product has also impacted me, as it makes life much easier. When at the grocery, I am able to search on my phone and look inside to see what I may, or may not, need.

Explanation:

4 0
2 years ago
Grocery Corporation received $330,654 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percen
andre [41]

Answer:

Explanation:

Issue price of bond = $330,654

Face Value = $272000

Premium on issue of bond = $330,654 - $272000 = 58654

Journal entry for bond issuance:

Cash Dr $330,654

Bonds Payable $272000

Premium on Bonds payable $58654

(Being bond issued at a premium of $58654)

As per effective interest method, interest expense = market rate * book value of bond

= 6.5% * $330,654 = $21492.5

Cash interest = $272000 * 9.5% = $25840

Premium to be amortized on interest date = $25840 - $21492.5 = $4347.5 or $4348

Journal entry for interest payment on December 31:

Account                            Financial            Issuance  Interest paid

                                         Statement    

Bonds payable                 Balance Sheet  272000  

Discount on Bonds payable  NA                NA                     NA  

Interest expense               Income Statement   0                 21492.5

Premium on Bonds Payable     Balance Sheet  58654          -3813

   

Note: Interest expense for the year:    

Interest to be paid ($272000 * 9.5%)                25840  

Less: Amortization of Premium (58654/6.5)      3813  

Interest expense                                                21492.5  

   

Journal entry:    

Interest expense Dr.                                          21492.5  

Premium on Bonds payable Dr.                          3813  

       Cash Account                                                                 25306  

Note: here, it has been premium has been written on Straight line basis.

3 0
3 years ago
Kennedy Company reports the following costs and expenses in May.
mamaluj [8]

Answer:

a. $161,350

b. $398,050

c. $81,140

Explanation:

<u>Total amount of manufacturing overhead</u>

Factory utilities                                                  $16,500

Depreciation on factory equipment                 $12,650

Indirect factory labor                                        $48,900

Indirect materials                                              $70,800

Factory manager's salary                                  $8,000

Property taxes on factory building                   $2,500

Factory repairs                                                   $2,000

Total                                                                 $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

<u>The total amount of product costs</u>

Direct materials used                                     $157,600

Direct labor                                                       $79,100

Manufacturing Overhead                               $161,350

Total                                                               $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

<u>The total amount of period costs</u>

Depreciation on delivery trucks                       $3,800

Sales salaries                                                   $48,400

Repairs to office equipment                              $1,300

Advertising                                                      $23,000

Office supplies used                                         $4,640

Total                                                                   $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

4 0
2 years ago
In the united states, say gasoline costs consumers about $2.50 per gallon. in italy, say it costs consumers about $6 per gallon.
Nata [24]
What are the answer choices?
7 0
3 years ago
Other questions:
  • You are scheduled to receive Rs. 15,000 in two years. When you receive it, you will invest it for six more years at 8 percent pe
    5·1 answer
  • All of the following are benefits of participating in a QRIS system except
    14·2 answers
  • By the early 1990s, the world was spending how many dollars a year on war?
    7·1 answer
  • A loan is a sum of money that is borrowed from a financial institution and then paid back in______
    6·2 answers
  • What are three marketing channels
    14·1 answer
  • A truck costs $9,000 with a residual value of $1,000. the truck is expected to have a useful life of 40,000 miles. By assuming t
    13·1 answer
  • Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 37,000; and in M
    14·1 answer
  • When consumers believe that various items provide the same set of attributes, brand _________ results.
    12·1 answer
  • michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed
    12·1 answer
  • Price discrimination is not viable if consumers can resell the products they purchase. true or false
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!