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77julia77 [94]
3 years ago
6

Whereas decision-making is perceived as ______ within the finding approach, decision-making is thought to be ______ in the build

ing approach.
Business
1 answer:
ipn [44]3 years ago
5 0

Answer: Risky; Uncertain

Explanation:

In making decisions, we are often faced with a lack of certainty which can be categorized into risk and uncertainty.

Risk occurs when an individual  in trying to make a decision subjectively judges a task or decision based on incomplete knowledge and information about the  task or decision and still able to carry such task by weighing probabilities that may result from the possible outcome of such task  

Uncertainty on the other hand is a state in which the individual making a decision does not have the right  information to enable him  make reasonable  and logical approach to probability assessments

Decision-making is perceived as risky within the finding approach, decision-making is thought to be uncertain in the building approach.

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Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:
trasher [3.6K]

Answer:

Explanation: Journal Entries

a. Purchased material on account

Debit: Materials Purchases

Credit: Account payable

b. Recorded wages payable

Debit: Wages

Credit: Wage payable

c. Requisitioned both direct material and indirect material.

Debit: Manufacturing overhead

Credit: Raw material inventory

d. Assigned direct and indirect labor costs.

Debit: Manufacturing overhead

Credit: Labour costs

e. Recorded factory depreciation

Debit : Depreciation expense

Credit: Accumulated depreciation

-accrued factory property tax.

Debit: Property tax expense

Credit: Accrued Tax

f. Applied manufacturing overhead to production.

Debit: Production expenses

Credit: manufacturing overhead

g. Completed work on products.

Debit: finished goods inventory

Credit: work in process inventory

h. Sold finished goods on account.

Debit: Account receivable

Credit: Sales

i. Paid wages

Debit: Wages

Credit: cash/bank

8 0
3 years ago
If the marginal propensity to consume is 0.5​, then the multiplier is 2 and the ​$25 billion increase in government spending wou
Jobisdone [24]

Answer:

This is correct.

Explanation:

The multiplier is what determines that how much of an injection actually impacts the economy. This means that an injection by the Government in the economy $1 usually has an increased net effect by the value of the multiplier.

Multiplier is calculated as

Multiplier = 1 / 1-Mpc, where Mpc = marginal propensity to consume

So we verify the multiplier,

Multiplier = 1 / 1 - 0.5 = 2

thus the injection of $50 Billion is brought by an initial government injection of 50/2 = $25 billion.

This thus confirms the statements.

Hope that helps.

5 0
3 years ago
Bella Bags is a British company that sells luxury leather purses manufactured in London. Currently, its products are carried at
tino4ka555 [31]

Answer:

A

Explanation:

8 0
2 years ago
What are a list of items that the most price elastic demand​
Paul [167]

Answer:

See below

Explanation:

Price elasticity of demand describes how responsive the product of a product is to changes in its price. The term elasticity originates from elastic, which means to stretch. A product is price elastic if a small change in price has a significant impact on its demand. Should the price increase by a small percentage, the demand decreases by a considerable difference.

The demand for some products does not react to changes in prices. A small percentage increase or decrease in price does not result in a big change in the quantity demand. Such products are said to be price inelastic.

Substitute goods or goods with close alternatives are the most price elastic. A small change in price will make consumers consider the other alternatives. Examples of price-elastic goods and services include transport services, furniture, motor vehicle, and professional services such as lawyers, doctors, and auditors.

4 0
3 years ago
Sheldon, Inc. declared a stock dividend of​ 50,000 shares on a date when the​ company's common stock was selling for $ 18 per sh
Ymorist [56]

Answer:

As a result of this stock​ dividend, Sheldon's common stock will​ increase by $900,000, the additional paid  in capital will​ not change, and the retained earnings will​ decrease by $900,000

Explanation:

Stock dividend is paying dividends by issuing additional stocks to shareholders.

In this case,50,000 shares were issued instead of paying cash dividends.

The stock dividend is financed from retained earnings and the amount involved is $900,000(50000*$18).

However,common stock would witness an increase of $900,000 by a way of credit and retained earnings would reduce by the same amount with no impact in the paid in capital in excess of par since the par value of the stock was not provided,hence it is no par value stock.

8 0
3 years ago
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