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Yanka [14]
4 years ago
7

In 500 words, describe a major financial decision you've made. Describe the decision-making process you went through when making

this
financial choice. Describe the opportunity costs you incurred.​
Business
2 answers:
Pani-rosa [81]4 years ago
7 0

1. Identify the problem: The computer I used to do homework had broken down. The processor was inoperable. The problem was that I could not effectively do my schoolwork, including doing research, writing papers, and doing math homework that required Excel.

2. Gather information: I found out that a laptop that could handle basic functions and had a wireless network card (for internet access via Wi-Fi) would cost $200. A more sophisticated computer system with a faster processor and software included would cost up to $800.

3. Analyze the situation: The situation was that I had no way of doing my homework without the use of a computer. While I could write papers by hand and do research at the library, these were not viable because I had no way of getting to the library. In addition, my teachers would not accept handwritten papers.

4. Develop options: My options consisted of the following:

  • Buy a basic laptop for $200.
  • Buy a nicer computer for $800.
  • Go to the library to use the computers.
  • Stay after school to use the computers.
  • Write papers by hand and find other means of doing research and math complex problems.

6. Select a preferred alternative: I quickly eliminated the alternatives of going to the library and staying after school. I do not have transportation that would allow me to go or stay at these places (I take the bus to school and have an after-school job). Also, I already noted that teachers will not accept handwritten work. I spoke to my math teacher, and she explained that a computer is a necessity for our homework. So, I am left with buying a basic laptop or buying a nicer computer. Buying a basic laptop would be a quick fix, and it would be portable. However, I want this computer to last at least five years. I plan to major in engineering in college, and I know the laptop would not have the kind of power I’d need. A nicer computer with a faster processor would last through my high school years and for at least the first two years of college. With some modifications, I could make it last through college. I decide to spend the $800 on a nicer computer.

7. Act on the decision: I don’t have $800 at the moment, so I’ll need to make arrangements with my teachers to borrow a laptop. I will work overtime at the coffee shop, where I work after school each day. After a month, I should have enough money to buy the computer. In the meantime, I’ve arranged with a teacher to use my study hall period and basketball practice time to use the computers at school. This means I’ll sacrifice some playing time, but will get my homework done and keep my grades up.

Katena32 [7]4 years ago
6 0

Answer:

Plato Answer

Explanation:

The decision-making process consists of the following:

1. Identify the problem.

2. Gather information.

3. Analyze the situation.

4. Develop options.

5. Evaluate alternatives.

6. Select an alternative.

7. Act on the decision.

Recently, I bought a new computer. My decision-making process was as follows:

1. Identify the problem: The computer I used to do homework had broken down. The processor was inoperable. The problem was that I could not effectively do my schoolwork, including doing research, writing papers, and doing math homework that required Excel.

2. Gather information: I found out that a laptop that could handle basic functions and had a wireless network card (for internet access via Wi-Fi) would cost $200. A more sophisticated computer system with a faster processor and software included would cost up to $800.

3. Analyze the situation: The situation was that I had no way of doing my homework without the use of a computer. While I could write papers by hand and do research at the library, these were not viable because I had no way of getting to the library. In addition, my teachers would not accept handwritten papers.

4. Develop options: My options consisted of the following:

Buy a basic laptop for $200.

Buy a nicer computer for $800.

Go to the library to use the computers.

Stay after school to use the computers.

Write papers by hand and find other means of doing research and math complex problems.

6. Select a preferred alternative: I quickly eliminated the alternatives of going to the library and staying after school. I do not have transportation that would allow me to go or stay at these places (I take the bus to school and have an after-school job). Also, I already noted that teachers will not accept handwritten work. I spoke to my math teacher, and she explained that a computer is a necessity for our homework. So, I am left with buying a basic laptop or buying a nicer computer. Buying a basic laptop would be a quick fix, and it would be portable. However, I want this computer to last at least five years. I plan to major in engineering in college, and I know the laptop would not have the kind of power I’d need. A nicer computer with a faster processor would last through my high school years and for at least the first two years of college. With some modifications, I could make it last through college. I decide to spend the $800 on a nicer computer.

7. Act on the decision: I don’t have $800 at the moment, so I’ll need to make arrangements with my teachers to borrow a laptop. I will work overtime at the coffee shop, where I work after school each day. After a month, I should have enough money to buy the computer. In the meantime, I’ve arranged with a teacher to use my study hall period and basketball practice time to use the computers at school. This means I’ll sacrifice some playing time, but will get my homework done and keep my grades up.

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Beginning finished goods inventory $ 10,000 ending finished goods inventory $ 8,200 unadjusted cost of goods sold $ 48,000 what
damaskus [11]

Manufacturing cost is the total manufacturing cost of goods completed during a particular accounting period. These costs include direct materials, direct labor, and manufacturing overhead for products transferred from manufacturing to finished goods inventory.

The manufacturing cost of goods is important. Because it gives management an overview of the total cost of production and whether that cost is high or low. By better understanding the cost of goods produced, the company can make adjustments to maximize overall profitability.

Correct answer $46400

Working

Unadjusted cost of goods sold   $              48,000

Add: Ending finished goods   $                8,400

Less: Beginning finished goods   $           (10,000)

Cost of goods manufactured   $              46,400

Learn more about  goods manufactured  here

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<span>As a social media user, Monette would best be characterized as the "Critic".
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4 0
4 years ago
"The fictional country of Yieng has had an influx of updated technology to its manufacturing plants and the medical field in the
mario62 [17]

Answer:

In the previous years when the country's productivity was increasing t a 75% rate, the unemployment rate must have fallen a lot and the wages must have increased. Since productivity has stopped increasing, the unemployment rate will probably start to rise since their is gap between high labor supply (due to high wages) and a weakening labor demand.

3 0
3 years ago
The phrase to "design the rules of the game without specifying the actions of the players" refers to what type of manager? a. Ke
Shtirlitz [24]

Answer:

d. Enablers

Explanation:

This is a manager that will not micromanage things, as long as the employees follow the requirements(this is where the phrase comes on).

For example, in the NFL, Bill Bellichick may call the plays, but also let Tom Brady audible(change the play) at the line of scrimmage. This enables his players.

So the correct answer is:

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5 0
3 years ago
One year ago, you purchased 162 shares of Best Wings stock at a price of $39.44 per share. The company pays an annual dividend o
sergeinik [125]

Answer:

the total percentage return on this investment is -1.57%

Explanation:

The computation of the total percentage return on this investment is shown below:

The total return Per Share is

= [(Price at End - Price at Beginning) + Dividend ]

= [($38.03 - $39.44) + $0.79]

= -0.62

Now the total percentage return on this investment is

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Hence, the total percentage return on this investment is -1.57%

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