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ACCOUNTING ESSAY: QUESTION ONE. RIVERS DANCE SCHOOL Ashleigh Gehlig When making a drastic business decision such as the one proposed by River's Dance School, it is important to go about making the decision in the appropriate manner, through the use of a formal decision-making model process. This should be done with the aid of relevant information generated in the accounting process and through an evaluation of the effectiveness of the dance school's ownership structure. When deciding whether or not to close the River's Dance School, it is in the best interests for Dana and David to follow a formal decision making process such as the CACE decision making model. CLARIFY. The first step is to clarify the dance school's objectives, diagnose the problem and outline any possible constraints associated with solving the problem. Dana and David's objectives when they established the River's Dance School was most likely to run a successful, profitable business with good student...

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