Answer:
The cheapest option would be to purchase the large computer right away at 9,000 pounds. Even though the other options require a lower initial investment, the probability of needing a large computer in the future is very high and the cost of either acquiring a new computer or expanding an existing one is higher.
Explanation:
Since there is not enough room here I attached the decision tree.
Answer:
Categorical variable
Explanation:
Categorical variable are variables that are not numerical, take on values that are names or labels.It places the individual into a category, categorical variable is also called qualitative variable.
While quantitative variable is a numerical variable, they represent a measurable quantity i.e variables whose values result from counting or measuring something(measurement)
Therefore, the type of variable used here is categorical because the type of business will not be numerical.
Answer:
Debit Bad debt expense $15,120
Credit Allowance for doubtful debt $15,120
Being entries to record estimated bad debts
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Account receivables balance as at year end
= $257,000 - $131,000
= $126,000
Allowance for doubtful debt = 12% * $126,000
= $15,120
The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>
<h3>What are cognitive limitations?</h3>
Cognitive limitations are the human and information processing restrictions imposed on decision-making. The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions. They cause errors in decision-making.
The implication of Jill's action is that she might be making the wrong decisions.
<h3>Answer Options:</h3>
A) cognitive limitations.
B) optimal decision making.
C) the illusion of control.
D) escalating commitment.
Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.
Learn more about cognitive limitations at brainly.com/question/13649097
Answer:
Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.
Explanation:
In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.
