Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Question: Model for Making Tactical Decisions Austin Porter is a sophomore at a small Midwestern university (SMWU). He is considering whether to continue at this university or to transfer to one with a nationally recognized engineering program. Austin's decision-making process included the following:

a. He surfed the web to check out the sites of a number of colleges and universities with engineering programs.

b. Austin wrote to five of the universities to obtain information on their engineering colleges, tuition and room and board costs, the likelihood of being accepted, and so on.

c. Austin compared costs of the five other schools with the cost of his present school. He totaled the balance in his checking and savings accounts, estimated the earnings from his work-study job, and asked his parents whether or not they would be able to help him out.

d. Austin's high-school sweetheart had a long heart-to-heart talk with him about their future- specifically, that there might be no future if he left town.

e. Austin thought that while he enjoyed his present college, its engineering program did not have the national reputation that would enable him to get a good job on either the East or West Coast. Working for a large company on the coast was an important dream of his.

f. Austin's major advisor agreed that a school with a national reputation would make job hunting easier. However, he reminded Austin that small college graduates had occasionally gotten the kind of jobs that Austin wanted.

g. Austin had a number of good friends at SMWU, and they were encouraging him to stay.

h. A friend of Austin's from high school returned home for a long weekend. She attends a prestigious university and told Austin of the fun and opportunities available at her school. She encouraged Austin to check out the possibilities elsewhere.

i. A friendly professor outside of Austin's major area ran into him at the student union. She listened to his thinking and reminded him that a degree from SMWU would easily get him into a good graduate program. Perhaps he should consider postponing the job hunt until he had his master's degree in hand.

j. Two of the three prestigious universities accepted Austin and offered financial aid. The third one rejected his application.

k. Austin made his decision.

Required: Classify the events a through k under one of the six steps of the model for making tactical decisions described in your text.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92506235
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - based on the loan amortization table1 whats the

Question - Based on the loan amortization table 1) What's the current and long-term liability that would appear on the Dec. 31, 2016 Balance sheet? 2) What's the interest expense for 2017? 3) What's the current and long- ...

Question - the blending department of luongo company has

Question - The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $100,000 Conversion costs: 20% compl ...

Question - the following information is available for the

Question - The following information is available for the 21,000 units of X Company's one product sold in 2017: Selling price $46.00 Variable costs per unit $30.00 Total fixed costs $756,000 In 2018, X Company expects sa ...

Question - the financial records of ivanhoe inc were

Question - The financial records of Ivanhoe Inc. were destroyed by fire at the end of 2017. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merch ...

Question - a building classified as part of ppe is

Question - A building classified as part of PPE is accounted for differently from a building classified as Investment Property. The cost and fair value models are available for both, but whereas PPE is depreciated under ...

Question - aja could tell that this patron was not her

Question - Aja could tell that this "patron" was not her store's usual type. She could see he did not care about fashion, and the customers that came to her shop in the Jacksonville mall were all tuned in to the latest s ...

Question - brankov company has current assets of 95000 and

Question - Brankov Company has current assets of $ 95000 and current liabilities of $110,000. The company decides to issue stock and receives cash of $100,000. After this transaction, the company's current ratio will be: ...

Question - at the beginning of 2016 pioneer products

Question - At the beginning of 2016, Pioneer Products' ownership interest in the common stock of LLB Co. increased to the point that it became appropriate to begin using the equity method of accounting for the investment ...

Question using the financial statements distributed in

Question: Using the Financial Statements distributed in Class and attached to this file folder, please complete a Statement of Cash Flow and a Free Cash Flow Analysis for 2017. Also, prepare an Additional Funds Needed (C ...

Accounting question - financial data for joel de paris inc

Accounting Question - Financial data for Joel de Paris, Inc, for last year follows Joel de Paris, Inc Balance Sheet   Beginning Balance Ending Balance Assets Cash $125,000 $133,000 Accounts receivable 348,000 483,000 Inv ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As