QUESTION 4 (20 marks) With the aid of a diagram, describe the black box...
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Accounting
QUESTION 4 (20 marks)
- With the aid of a diagram, describe the black box model. (5 marks)
- Are Influence diagrams really useful in the Modelling process?
(5 marks)
c) Consider the following spreadsheet:
Sales (units) a
Selling Price each b
TOTAL REVENUE a x b
Expenses:
Advertising c
Bad Debt d
Insurance e
Maintenance f
Salaries g
TOTAL EXPENSES c+d+e+f+g
Income before Tax h
Tax payable 0.05 x h
Income after Tax i
Construct a Black Box and Influence Diagram representing the above. (10 marks)
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