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Slav-nsk [51]
3 years ago
6

As a study aid, your classmate Pascal Adams has prepared the following list of statements about decision-making and incremental

analysis. Identify each statement as true or false.
1. The first step in management’s decision-making process is, "Determine and evaluate possible courses of action."
2. The final step in management’s decision-making process is to actually make the decision.
3. Accounting’s contribution to management’s decision-making process occurs primarily in evaluating possible courses of action and in reviewing the results.
4. In making business decisions, management ordinarily considers only financial information because it is objectively determined.
5. Decisions involve a choice among alternative courses of action.
6. The process used to identify the financial data that change under alternative courses of action is called incremental analysis.
7. Costs that are the same under all alternative courses of action sometimes affect the decision.
8. When using incremental analysis, some costs will always change under alternative courses of action, but revenues will not.
9. Variable costs will change under alternative courses of action, but fixed costs will not.
Business
1 answer:
Sonja [21]3 years ago
8 0

Answer: Please refer to Explanation.

Explanation:

1. FALSE. The actual first step is to Identify if there is a problem or an Opportunity to be leveraged.

2. FALSE. The final step is to review the decision as time goes on to see it's effectiveness.

3. True.

4. FALSE. When making business decisions, management considers more than just financial statements because financial information does not have all the information about opportunities.

5. True.

6. True.

7. FALSE. Costs that are the same under all alternative courses of action do not affect the decision.

8. FALSE. Sometimes both costs ans revenue change. Sometimes only one of them changes.

9. FALSE. Sometimes fixed costs change as well and sometimes Variable Costs will not.

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<u>Answer:</u> Option C

<u>Explanation:</u>

The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.

Calculation of total compensation

Employee benefits = $64000 x 12.5/100

                               =$8000

Annual compensation= $64000 +$8000

                                    =$72000

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3 years ago
Jimmy has completed the headline section of his text ad and is now writing the description section. What are three factors that
artcher [175]

What  Jimmy should include in the description section of his text ads are:

  • State the  prices, and exclusive offers.
  • Word of Encouragement for  potential customers.
  • State why his  business is unique.

<h3>What is the importance of  text ads ?</h3>

Text ads is been used by a company to promote their business, this usually include the description about their products and services.

In this case,  Jimmy should include word of Encouragement for  potential customers in the description section of his text ads

CHECK THE COMPLETE QUESTION BELOW;

Jimmy has completed the headline section of his text ad and is now writing the description section. What are three factors that Jimmy should include in the description section of his text ads? (Choose three.)

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5 0
1 year ago
Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded monthly. If Thom makes monthly pa
DanielleElmas [232]

Answer: 45 months

Explanation:

Credit owed $7200

Monthly payment $225

APR annaully 18.4%

Monthly APR = 18.4/12 = 1.533%

SOLUTION

1st Month interest payment

1.533% x $7200 / 100 = $110.40

Principal paid (monthly payment - interest paid) = $225 - $110.40 = $114.60

Balance ( principal - principal paid) = 7200 - 114.60 = $7085.40

2nd Month interest payment

1.533% x $7085.40 / 100 = $108.64

Principal paid (monthly payment - interest paid) = $225 - $108.64 = $116.36

Balance ( principal - principal paid) = $7085.40 - $116.36 = $6969.04

By following this step up to the 45th month you get $74.74 as the monthly payment this sums up to.

Month interest payment

1.533% x $74.74 / 100 = $1.15

Principal paid (monthly payment - interest paid) = $75.88 - $1.15 = $74.74

Balance ( principal - principal paid) = $74.74 - $74.74 = $0

The payment would be completed at exactly 45months

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3 years ago
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