Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.
The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.
Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style
Bill prefers simple, clear-cut solutions to problems. - Directive decision style.
Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.
Answer:
b. $4,908,000
Explanation:
According to the FASB GAAP, the straight line method is used in this given question which is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($40,900,000 - $4,090,000) ÷ (15 years)
= ($36,810,000) ÷ (15 years)
= $2,454,000
In this method, the depreciation is same for all the remaining useful life
For two years, the accumulated depreciation would be
= Annual year depreciation × number of years
= $2,454,000 × 2 years
= $4,908,000
Because of there nerves in there brain man o-o
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
Answer: Market penetration
Explanation:
The market penetration strategy is one of the type of alternative growth strategy in which it mainly focus on gaining the high marketing share by selling the products and various types of services in the market.
The main advantage of this strategy is that the products are quickly adopted in the market and we also gain some effective incentives.
The market penetration strategy focuses on the organization growth and selling the products to the existing customers.
Therefore, Market penetration strategy is the correct answer.
