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
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
sammy [17]

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The follo
bija089 [108]

Answer:

Poinsettias records a loss of $118,125            

Fruit Trees records a profit of $92,325        

The company therefore records an overall $25,800 loss

NB: See the workings below see the assumption mad to allocate common expenses since none is given in the question.

Explanation:

Variable costing income statement is a type of income statement that records variable cost separately first to determine the contribution margin and thereafter record the fixed cost which is further split into direct fixed expenses and common expenses.

The segmented income statement for Gorman Nurseries for the coming year can therefore be presented as follows:

Gorman Nurseries Inc.

Segmented Income Statement

For the coming year

Particulars                        Poinsettias ($)     Fruit Trees ($)    Total ($)

Sales                                         970,000           3,100,000        4,070,000

Variable COGS                       (460,000)         (1,630,000)     (2,090,000)

Variable selling exp. (w1.)  <u>       (38,800)  </u>     <u>     (124,000) </u>    <u>    (162,800)  </u>

Contribution margin                 471,200            1,346,000      1,817,200

Direct fixed overhead             (160,000)          (200,000)       (360,000)

Direct fixed S $ Admn exp.  <u>   (146,000) </u>     <u>       (87,000) </u>    <u>    (233,000) </u>

Segment margin                       165,200           1,059,000      1,224,200

Common fixed overh. (w2a)     (176,077)           (623,923)     (800,000)

Common S $ Admn ex (w2b)  <u> (107,248)  </u>      <u>   (342,752) </u>    <u>  (450,000) </u>

Segment Net Income (loss)   <u> (118,125)  </u>       <u>       92,325 </u>    <u>    (25,800) </u>

Workings:

w1. Variable selling expenses = Sales * Commission percentage

Poinsettias = $970,000 * 4% = $38,8000

Fruit Trees = $3,100,000 * 4% = $124,000

w2. Allocation of common expenses using the following assuptions:

a) Use cost of goods sold (COGS) to allocate Common fixed overhead:

Poinsettias = (460,000 / 2,090,000) * $800,000 = $176,077

Fruit Trees = (1,630,000 / 2,090,000) * $800,000 = $623,923

b) Use common selling and administrative expense using Sales:

Poinsettias = (970,000 / 4,070,000) * $450,000 = $176,077

Fruit Trees = (3,100,000 / 4,070,000) * $450,000 = $623,923

4 0
3 years ago
If the marginal propensity to save is 0.2 in an economy, a $20 billion rise in investment spending will increase:
faltersainse [42]

Answer:

D. Consumption by $80 billion.

Explanation:

Marginal propensity to Save = 1 / MPS

= 1 / 0.2

= 5

= $20 billion × 5

= $100 billion

= $100 - $20

= $80 billion

Therefore, a $20 billion rise in investment spending will increase consumption by $80 billion.

4 0
3 years ago
For shipments transported by water, in addition to the name of the shipper, which of the following must be added to the shipping
Digiron [165]

Answer:

Please see the explanation below

Explanation:

Bill of lading is the formal document which issues by the vessel/carrier company in regard to the invoice and packing list submitted with cargo..A bill of lading (BL or BoL) is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. Consignee address and details A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination. In case of DGR  that is dangerous goods, specified permits and form should be attached with it

5 0
3 years ago
Splish Brothers Inc. reported a net income of $3.3 million in 2017. Depreciation for the year was $161,700, accounts receivable
tino4ka555 [31]

Answer:

net flow from operating activity is  = $3503000

Explanation:

given data

net income = $3.3 million

Depreciation = $161,700

accounts receivable = $322,100

accounts payable = $280,800

to find our

net cash provided by operating activities using the indirect approach

solution

cash flow statement as per indirect method is as

particular                                                                                          amount

net income                                                                                       $3300000

adjustment to reconcile net income to

net cash provide operation activity                                               $203000

net flow from operating activity                                                  $3503000

adjustment to reconcile net income  = depreciate expense + accounts receivable - account payable

= $161700 + $32100 - $280800

= $203000

and

net flow from operating activity is = net income + adjustment to reconcile net income to net cash provide operation activity  

net flow from operating activity is  = $3300000 + $203000

net flow from operating activity is  = $3503000

5 0
3 years ago
Other questions:
  • If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Dem
    10·2 answers
  • What is one reason why a business owner might choose a for-profit business over a nonprofit business?
    10·1 answer
  • Break-even analysis for a service company involves identifying the correct measure of a.direct labor for the unit of analysis. b
    9·1 answer
  • You are a marketing director for a large food manufacturer. lately, you have noticed that you are spending a great deal more tim
    13·1 answer
  • Demand is __________________ when the price change results in a relatively larger change in quantity demanded. People __________
    9·1 answer
  • Transfer prices are _____. A. costs of the segment producing the product or service B. revenues of the segment acquiring the pro
    6·1 answer
  • What’s key function of a business involves finding targeting attracting and connected with the right customers
    10·2 answers
  • A US firm is bidding for a contract required by the Swiss government. The firm will not know until three months from now, whethe
    12·1 answer
  • What can you do to<br> protect your personal<br> information?
    15·1 answer
  • HELP PLZZ ASAP WILL GIVE BRAIIEST
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!