BUSINESS HIGH SCHOOL

The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their occurrence can be stated are called _____________.a. decisions under risk.b. decisions under maximum probability.c. decisions based on expectation.d. decisions under likelihood.

Answers

Answer 1
Answer:

Answer: The correct answer is "a. decisions under risk.".

Explanation: The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their occurrence can be stated are called decisions under risk.

Decision-making under risk is one of the three possible decision-making scenarios based on the available information, this scenario presents an intermediate situation between decision-making under certainty or under uncertainty: each alternative, strategy or course of action has several possible consequences, but the person in charge of making the decision knows the probability of each of them.


Related Questions

COLLEGE

Ditka company's ledger at the end of the current year shows accounts receivable of 150000

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So whats the question
HIGH SCHOOL

Suppose that the stock market rises significantly over the next year, making investors wealthier and more optimistic about the economy while raising the overall level of consumption. Is this increase in consumer confidence a microeconomic or a macroeconomic issue? Microeconomic Macroeconomic Both microeconomic and macroeconomic. Neither microeconomic nor macroeconomic.

Answers

Answer:

MACROECONOMIC

Economics had been divided into two areas of study and they are:

Microeconomics and

Macroeconomics.

Microeconomics is a study that shows individual economic actors, such as consumers, households and firms, in decision-making. This is on an individual level. But MACROECONOMICS shows the national economy as a whole which is the aggregate outcomes of those individual decisions. So the increase in consumer confidence is macroeconomics since it raises the overall level of consumption. This is because macroeconomics studies price levels, inflation and is concerned about the general economy factor using the rate of economic growth, national income, aggregate measures of gross domestic product (GDP) to show the results of individual, micro-level decisions.

Answer:macroeconomic

Explanation:

COLLEGE

The following items are reported on a company's balance sheet: Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.

Answers

Answer:

a. The current ratio: 3.0

b. The quick ratio: 2.2

Explanation:

a. The current ratio is calculated by using following formula:

Current Ratio = Current Assets / Current Liabilities

In the company,

Current Assets = Cash + Marketable securities + Accounts receivable + Inventory = $210,000 + $120,000 + $110,000 + $160,000 = $600,000

Current Liabilities = Accounts payable = $200,000

Current Ratio = $600,000/$200,000 = 3.0

b. The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities  = ($210,000 + $120,000 + $110,00)/$200,000 = 2.2

COLLEGE

Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer 14,000 700 $ 280,000 Commercial 8,000 300 $ 180,000 Banc Corp. Trust estimates that it costs $400 to analyze and close a commercial loan. What is the overhead rate if Banc Corp. Trust allocates the remaining indirect costs using direct labor hours? Multiple Choice a. $12.55 per hour.
b. $18.00 per hour.
c. $1,000 per loan.
d. $800 per loan.

Answers

Answer:

overhead rate = 18 per hours

Explanation:

given data

indirect costs = $396,000

Department         DLH                      Loans Processed                Direct Costs

Consumer         14,000                   700                                        $280,000

Commercial       8,000                    300                                       $180000

to find out

overhead rate

solution

we get here overhead rate that is express as

overhead rate = ...............1

put here value

overhead rate =  

overhead rate = 18 per hours

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