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lisabon 2012 [21]
3 years ago
13

Heuristics a. are shortcuts that save time and energy in decision making. b. are rules of thumb that generate decisions that gen

erally maximize net benefits. c. always waste mental resources by leading people to suboptimal outcomes. d. take a long time to develop and are therefore avoided by rational decision makers.
Business
1 answer:
saul85 [17]3 years ago
6 0

Answer:

The correct answer is letter "A": are shortcuts that save time and energy in decision making.

Explanation:

Heuristics is a practical technique for problem-solving. It is creative at the moment of taking decisions and can be applied to any matter of study. Sometimes heuristics are emotionally-based but in some other cases, it is knowledge-influenced. <em>While heuristics can save an individual's time and energy it could not lead them to make the best choice.</em>

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Answer:

(A) 1,200 Margin of Safety_{units}

(B) 330,000 Margin of Safety_{usd}

(C) Margin of Safety 40% of Sales

Explanation:

(A)

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

275 - 150 = <u>125 CM per unit</u>

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

\frac{225,000}{125} = 1,800 = Break\: Even\: Point_{units}

{units \: sold- BEP_{units} = margin \: of \: safety_{units}

3,000 - 1,800 = 1,200 Margin of Safety_{units}

HOW? we Calculate the contribution per unit. Then the BEP in units and with that the margin of safety in units.

(B)

\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio

125/275 = 0.45454545 = <u>5/11 CM ratio</u>

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

225,000/(5/11) = 495,000 BEP USD

{current \:sales - BEP_{USD} = margin \: of \: safety

825,000-495,000 = 330,000 Margin of Safety_{usd}

HOW? we Calculate the contribution ratio by dividing CM over sales. Then the BEP in dollars and with that the margin of safety in dollars.

<em><u>Important:</u></em> When posible to avoid rounding errors express as fraction iof posible

(C)

\frac{current \:sales - BEP_{USD}}{current \:sales} \times 100 = margin \: of \: safety

\frac{330,000}{825,000} \times 100 = margin \: of \: safety

Margin of Safety 40%

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What is the term used to describe an organization in which positions are awarded based on one's ability and skill?
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The term you're looking for is meritocracy.
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A company purchased $10,300 of merchandise on June 15 with terms of 2/10. n/45, and FOB shipping point. The freight charge, $650
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b should be that correct answer

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A small business company is considering updating the current production line. There are two plans. For plan A, the fixed cost wi
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Answer:

Results are below.

Explanation:

Giving the following information:

Plan A:

Fixed costs= $40,000

Unitary varaible cost= $27

Plan B:

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<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

<u>Plan A:</u>

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Break-even point in units= 5,000

<u>Plan B:</u>

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Answer:

Explanation:

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C. offer lower prices for customers but lead to lower customer satisfaction

D. offer lower prices for customers and lead to greater customer satisfaction

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