In every economic system, scarcity imposes limitations on a. households, business firms, governments, and the nation as a whole

Answer:

A. Dr Amortization expense $43,750

Cr Patents $43,750

B. Dr Amortization expense $5,230

Cr Patents $5,230

C. Dr Amortization expense $14,000

Cr Franchises $14,000

Explanation:

Journal entry preparations

A. Dr Amortization expense $43,750

($350,000÷8 years = $43,750)

Cr Patents $43,750

(Recording amortization for the patent)

B. Dr Amortization expense $5,230

($52,300÷10 years = $5,230)

Cr Patents $5,230

(Recording amortization for the patent)

C. Dr Amortization expense $14,000

($70,000÷5 years = $14,000)

Cr Franchises $14,000

(Recording amortization for franchises)

Answer:C) All of these statements are valid.

Explanation:

Sensitivity analysis examines how the optimal decision and EMV fluctuate when one or more inputs change.

Sensitivity analysis evaluates how various values of an independent variable influence a specific dependent variable under certain assumptions.

It is applied within particular constraints that rely on one or more input variables.

A contingency plan constitutes a strategy within a multistage decision scenario that designates which decision to implement for every potential outcome.

A contingency plan is a category of action tailored to assist governance in effectively responding to significant future events or situations that may or may not arise.

A multistage decision problem refers to a situation where decisions and observations of uncertain outcomes interchange.

Response:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Justification:

Below is the formula intended to be entered in cell C8:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.