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2 years ago

When you seek to define an issue, you should try to frame it in positive terms.

Business

1 answer:

aev [14]2 years ago

4 0

Answer:

True.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation (goal) and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

In the problem-solving process used for making decisions, you should try to frame any issue (problem) in positive terms when you seek to define it because that would help you to quickly proffer solutions and think in the right direction.

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3 years ago

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Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?

Georgia [21]

Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

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3 years ago

Cost of Producing Guitars Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series guitar

diamong [38]

Answer:

The total monthly cost C(x) incurred by Carlota in manufacturing x guitars/month is <u>C(x) = 0.004x^2 + 90x + 8,500</u>.

Explanation:

Given,

C '(x) = 0.008x + 90 ................................... (1)

To obtain the the total monthly cost C(x) incurred by Carlota in manufacturing x guitars/month, we obtain the integral of equation (1) as follows:

$C(x)=\int\limits {C'(x)} \, dx = \int\limits {[0.008x + 90]} \, dx$

C(x) = (0.008 / 2) x^2 + 90x + F

C(x) = 0.004x^2 + 90x + F .......................... (2)

Where F is the constant.

Since total cost is the addition of the total cost and total variable cost, the F in equation (2) represents the total fixed cost per month.

Since the fixed costs incurred by Carlota are $8500/month, this implies that F = 8,500.

Substituting F = 8,500 into equation (2), we have:

C(x) = 0.004x^2 + 90x + 8,500 <-------------- Total cost per month

Therefore, the total monthly cost C(x) incurred by Carlota in manufacturing x guitars/month is <u>C(x) = 0.004x^2 + 90x + 8,500</u>.

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3 years ago

The statement of shareholders’ equity reports the transactions that cause changes in its shareholders’ equity account balances.

vazorg [7]

Answer:

B) the issuance of bonds.

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

As such, the sale of additional shares of stock, net income and declaration of dividend are typical reasons for changes in shareholder's equity however, the issuance of bonds is a liability (usually non-current).

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3 years ago