Answer: Cash budget
Explanation:
The cash budget is the term which is used to define cash flow in the business as it helps in establishing a specific budget by proper analyzing on the outgoing flow and the inflow in an organization.
Th Cash flow is one of the important concept which is typically used by the various types of organizations for operating all the expenses and the the cash budget is used to avoid the problem of cash shortage.
According to the given question, the Cash budget is basically providing Charlie with some valuable data or information by proper estimation regarding the requirement of firm. Therefore, Cash budget is the correct answer.
<u>Complete Question:</u>
The mean absolute error, mean squared error, and mean absolute percentage error are all methods to measure the accuracy of a forecast. These methods measure forecast accuracy by
a. adjusting the scale of the data.
b. determining how well a particular forecasting method is able to reproduce the time series data that are already available.
c. predicting the future values and wait for a pre-defined time period to examine how accurate the predictions were.
d. using the current value to estimate how well the model generates previous values correctly.
<u>Correct Option:</u>
These methods measure forecast accuracy by determining how well a particular forecasting method is able to reproduce the time series data that are already available.
<u>Option: B</u>
<u>Explanation:</u>
The forecast reliability is the level of proximity of the quantity assertion to the real or true value of that quantity in statistics. Typically, at the time the prediction is produced, the real value can not be calculated, as the assumption involves the future.
Accurate sales forecasting is an essential resource that businesses need to have. This helps managing directors gage desire for their goods. It allows companies handle inventories better. Sales forecasting enables businesses to look into the future and schedule their movements strategically to maximize development.
Answer: Buying $200 stock in AT&T is an example of investment. As in this case the persons income exceeds his consumption and he buys new capital.
Borrowing $1000 from a bank to buy a car to use in business is also an investment as in this case buying a car is like investing in a cash flow producing asset, as the car will be an asset which will help earn money from the pizza business.
Explanation:
Roommate depositing $100 is an example of saving and not investing.
Taking out a mortgage and buying a house is an example of consumption and not investment.
Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows :
Total damage = damage to the car + damage to the store Substitute the values in the formula :
Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050.
The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as :
Amount paid by Kurt = Total damage – amount paid by insurance company
Substitute the values in the formula :
Amount paid by Kurt = $18,050 - $15,000 = $3,050
Therefore, he will have to pay the remaining $3,050
Opportunity costs. If this is a grade school question.
