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Question - Consider a decision you needed to make recently, whether it was of little or significant importance. What was the role of evidence in supporting this decision? Did you seek out the evidence first to guide you toward a decision, or was your mind already made up and you sought evidence to support your "gut feeling"? In this Discussion, examine a time when you made a decision based on "evidence" and one example of a time when you made a decision before finding the "evidence" for support.
Describe one professional experience in which you used evidence as to the basis for decision making and one experience in which you made a decision and then found evidence to support the decision you made.
Compare both situations regarding how the use of (or lack of) evidence impacted the outcomes of your decision-making, being specific in terms of positive and negative impacts. In your comparison, be sure to include the risks and benefits of each approach in terms of the outcomes.
Based on this week's Learning Resources and your previous experiences as examples, identify two or more ways evidence-based decision-making can be used to promote positive social change within and/or for an organization.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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