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2 years ago

The first step in the decision-making process requires you to do what?

Business

1 answer:

Semmy [17]2 years ago

4 0

Answer:

think.....all you have to do is think XD

but in all honesty the answer is a determine your descision

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Rumba Dance Hall is considering offering a wedding reception package that includes the ballroom rental, decorations, a wedding c

ASHA 777 [7]

Answer:

B) Increases profits by $700.

Explanation:

We must perform an incremental analysis of the costs and revenues generated by the alternative course of action which is offering the package:

Current income:

ballroom rent $4,500

extras $800

total current income = $5,300

Alternative action income:

wedding package $6,000

opportunity cost ballroom rent $4,500

opportunity cost extras $800

net income increase = $700

8 0

3 years ago

Explain why a $ 50,000 increase in inventory during the year must be included in developing cash flows from operating activities

Simora [160]

Explain why a $50,000 increase in inventory during the year must be included in computing cash flows from operating activities under both the direct and indirect methods. The $50,000 increase in inventory must be used in the statement of cash flow calculations because it increases the outflow of cash (all else equal).

An increase in the company's inventory indicates that the company has purchased more goods than it has sold. It means an additional cash outflow as cash must be used to purchase additional consumables. Cash outflows have a negative or unfavorable impact on a company's cash position.

Therefore, as inventories increase, the company will have to spend money to buy them (cash outflow). On the other hand, the decrease in inventory will be cash in for the amount sold. We arrive at the following rule: Inventory Increase => Cash Outflow (Negative)

An indirect way to create a cash flow statement is the change in the amount of cash due to operating activities in the account on the balance sheet. and adjust the net profit for the year.

Learn more about inventory here;

brainly.com/question/24868116

#SPJ4

5 0

2 years ago

Marian Company reported the following items for the month of July: Sales revenue $ 473 comma 300 Cost of goods sold $ 300 comma

NARA [144]

Answer:

4.33.

Explanation:

Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].

⇒ 300,000 / [(64,400 + 74,200) / 2] = 300,000 / 69,300 = 4.33.

It means that Marian Company sold its inventory 4.33 times during the Year.

3 0

3 years ago

Gregory was talking with kareem, his assistant manager, saying, "when i make a decision on which employees will do a project, i

Ira Lisetskai [31]

Gregory's rules of thumb, which he uses in decision making, are known as heuristics.
Heuristic refers to a solution to a problem - it is something you employ in order to achieve the best results possible. These methods you use may not be perfect, but they will help you do what you intended to do properly.

5 0

3 years ago

Kirkaid Company recorded the following transactions for the just completed month:

Illusion [34]

Answer:

The correct answer is $5,000.

Explanation:

According to the scenario, the given data are as follows:

Total raw material = $118,000

Direct material = $89,000

So, Indirect material = Total raw material - Direct material = $118,000 - $89,000

= $29,000

Total labor = $142,000

Direct labor = $122,000

So, Indirect labor = Total labor - Direct labor = $142,000 - $122,000

= $20,000

Additional actual manufacturing OH = $214,000

Applied manufacturing OH = $268,000

So, we can calculate the underapplied or overapplied overhead for the month by using following formula:

Underapplied or overapplied overhead = Applied manufacturing OH - Actual OH

= $268,000 - ( $29,000 + $20,000 + $214,000)

= $268,000 - $263,000

= $5,000

Hence, the overapplied overhead is $5,000.

6 0

3 years ago