1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
3 years ago
15

A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks

received in June was 40 ​million, while the forecast was 42 million. A smoothing constant of 0.20 is used. ​a) Using exponential smoothing and given alpha​, the forecast for the month of July​ = nothing million checks received ​(round your response to one decimal​ place). ​b) If the​ check-processing center received 45 million checks in the month of​ July, then using exponential smoothing and given alpha​, the forecast for the month of August​ = nothing million checks received ​(round your response to one decimal​ place).
Business
1 answer:
Liula [17]3 years ago
5 0

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>

You might be interested in
During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of
AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050        

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so  Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

so

Required expense for year = $30650 - $2,600

Required expense for year  = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050        

Allowance for Uncollectible accounts Cr. $28050

8 0
3 years ago
Price discrimination will result in consumers with more elastic demand purchasing more of the good than when a single price is c
Akimi4 [234]
<span>A company can have a product that they want a single customer to be able to use and profit from, they may sell that product to that customer at a lower price, allowing them to purchase more, and blocking out competitors with higher pricing.</span>
6 0
3 years ago
Economic growth refers to a steady increase in the production of goods and services in an economic system.
MatroZZZ [7]

Answer:

<em>Economic growth refers to a steady increase in the production of goods and services in an economic system.</em><em> </em><em><u>True</u></em>

3 0
2 years ago
Karina was hired by the Mountain Mist Corporation to take over as the new CEO. Her initial impression is that the company is dis
Basile [38]

Are there multiple choice answers to choose from? There could be a myriad of answers if not.

8 0
3 years ago
Read 2 more answers
Identify the framework for the entire accounting process and describe its components and how they fit together to form this fram
jeka57 [31]
 Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities.  Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
5 0
3 years ago
Read 2 more answers
Other questions:
  • The use of activity-based costing information to support the decision-making process is known as:
    11·1 answer
  • The White Company’s accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sa
    6·1 answer
  • Which of the following will not be a consequence of an import tariff?
    11·1 answer
  • You hear on the news that the​ S&amp;P 500 was down 2.6 % today relative to the​ risk-free rate​ (the market's excess return was
    5·1 answer
  • Which of the following does economics examine?
    12·1 answer
  • When a negative externality exists, the private market produces?
    13·1 answer
  • Annual compounding pays more money than daily compounding. (true or false)
    14·1 answer
  • To arrive at an accurate balance on a bank reconciliation statement, a credit memorandum from the bank for the collection of a n
    8·1 answer
  • Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into ya
    12·1 answer
  • In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!