accounting 2110 : principles of managerial accounting

April 30, 2019

Activity 2

Name: Aaron Rodriguez

SID: 304949598

1. “I Can’t Decide!” Implement the decision-making steps to help fictional classmate Tran decide whether or not he should attempt to buy from a used car dealership a Mercedes-Benz, a car he’s dreamed of owning. He has enough money for a small down payment. Report on your decision and explain your reasoning.

Car Price: $30,000

Down payment available: $2,000

Current Loan rates: 8%

Monthly Income: $3,000

Monthly Expenses: $1,500

First – Identify the two decisions that can be made (buy the car and don’t buy the car)

Next- Gather all the information about price and about the car and how it works as well as its features.

After- look at other types of luxury cars

Next- Debate which car is better

Then- Choose a car

Next- buy the car

Finally- Make sure you like the car

2. “Groups & Teams.” Groups and teams are everywhere. List the groups that you belong to at home, school, work, etc. Then identify the formal and informal teams (people working together to achieve a common goal) that you have been or are in or know about, such as a social or religious organization (group) having a smaller group (a team) put on a car wash to raise money. Then divide have another student comment on your list.

Family, APO, My Dorm, my church

Formal team- Executive Committee

President - organize the car wash

Treasurer - collect the money

All other excomm members - do the car wash

Informal team- My dorm

Me - organize the car wash and collect the money

Everyone else- do the car wash

3. “Follow Which Leader?” Recall and write as two column headings the names of two leaders you have known or knows of, living or not, real or fictional (such as a leader seen in a movie or on a TV series), one of whom is a very good leader and the other not a good leader. Under each name heading, have list qualities and behaviors that made the person a good leader or a bad leader. Then have another student comment on it.

Ghandi