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ACC544 Accounting Decision Support Tools

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  • Course Code: ACC544
  • University: Charles Shurt University
  • Country: Australia

Question:

(a) Describe what is involved in the decision making process, explaining the steps required.
(b) What is an alternative? What is a state of nature? Give an example of each which are related.
(c) Every Thursday a fish vendor sets up a van in Wagga Wagga and sells seafood during the day. One of his best selling items is fillets of Atlantic salmon. The fillets are purchased from a city fish market for $15 per kg and sold for $30 per kg. Unsold fillets at the end of the day are disposed of for $10 per kg to a local take-away food proprietor.
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