Al is a medical doctor who conducts his practice as a sole proprietor. during 2018, he received cash of $280,000 for medical services. of the amount collected, $40,000 was for services provided in 2017. at the end of 2018, al had accounts receivable of $60,000, all for services rendered in 2018. in addition, at the end of the year, al received $12,000 as an advance payment from a health maintenance organization (hmo) for services to be rendered in 2019. compute al's gross income for 2018:
answer; possession utility;
rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.