Decision making is a process that uses a step by step approach to reach at a decision.
There are several steps involved in the decision making process. These are
1) Identify the decision
2) Gather information
3) Identify Alternatives
4) Choose among the Alternatives
5) Take the Decision
6) Review the Decision
So in this question, the Identification of decision and the Review of Decision are the first and last steps respectively in the decision making process.
Answer:
a. 1,500
Explanation:
The formula to compute the break even point for earning target profit is shown below:
= (Fixed cost + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
So, the break even point would be
= ($100,000 + $20,000) ÷ ($100 - $20)
= $120,000 ÷ $80
= 1,500 rooms
Answer: traditional = $6000, Roth IRA= $5,200
Explanation:
jOEY IS 49years old earning $124,000
For traditional IRA. He will contribute $6000 since in traditional IRA, The Contribution limits exist as $6,000 for 2019 for those under age 50, $7,000 for those 50 and older.
For a Roth IRA,
IF single an income falls between $122,000- #136,999, the following calculations wil;l be made since joey earns $124,000 and is single
$124,000-$122,000= $2,000
2000/15,000=0.13333
which will now be multiplied by the maximum amount he can contribute which is $6,000
0.13333x $6000= $799.99
$6,000- $799.99= $5,200
Design thinking is a problem solving protocol that any buisness or profession can employ to achieve big results
