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3 years ago

In your opinion, do we need to use a structured decision making model to make decisions in business.

Business

1 answer:

dolphi86 [110]3 years ago

5 0

Answer:

Decision-making models can help you create successful solutions even with limitations like short time or little information. It's useful to understand the details of various decision-making models when trying to choose the best one for your team and situation.So,we need to use a structured decision making model to make decisions in business.

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if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Associatio

sdas [7]

Answer: An unfair trade practice

Explanation:

Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.

In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.

8 0

3 years ago

The balance of Morgan, Capital at the beginning of the year and the end of the year was $ 45,000 and $ 70,000, respectively. T

Anna35 [415]

Answer:

$48,000

Explanation:

Given that,

Ending owner's equity = $70,000

Beginning owner's equity = $45,000

Owner's withdrawals = $23,000

There were no new capital contributions during the year.

Net income (loss):

= Ending owner's equity - Beginning owner's equity + Owner's withdrawals

= $ 70,000 - $ 45,000 + $ 23,000

= $48,000

Therefore, the net income for the year is $48,000.

6 0

3 years ago

_______would Not be considered a "vulnerable group" for the purpose of customer protection.

Roman55 [17]

Answer:

trade unions

Explanation:

as they ensure to protect employees rather than customers.

6 0

3 years ago

Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s

Svetradugi [14.3K]

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell = $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

Sales Budget

January February

Budgeted luggage sets to be sold 1,700 2,050

Sales price per unit 180 180

total sales 306000 369000

here sale is sold Budgeted luggage × Sales price

3 0

3 years ago

Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from t

son4ous [18]

Answer:

Explanation:

1).

Fixed overhead rate = Budgeted fixed overhead / Budgeted direct labor hours = $585,280 / 496000 = $1.18 per hour

Standard hour per unit = 496000 / 124000 = 4 hours per unit

Standard hours for actual production = 119300 * 4 = 477200 hours

Budgeted fixed overhead = $585,280

Actual fixed overhead = $555,750

Fixed overhead applied = SH * Standard rate of fixed overhead = 477200 * $1.18 = $563,096

Fixed overhead spending variance = Budgeted fixed overhead - Actual fixed overhead

= $585,280 - $555,750 = $29,530 F

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

= $563,096 - $585,280 = $22,184 U

2).

Standard rate of variable overhead = ($813,440 - $585,280) / 496000 = $0.46 per hour

Actual rate of variable overhead = $260,700 / 494000 = $0.5277327935 per hour

Variable overhead spending variance = (SR - AR) * AH = ($0.46 - $0.5277327935) * 494000 = $33,460 U

Variable overhead efficiency variance = (SH - AH) * SR = (477200 - 494000) * $0.46 = $7,728 U

4 0

3 years ago