Answer:
a. 41.6 million
b. 42.28 million
Explanation:
The computations are shown below:
a. For the forecast for July month:
= Number of checks received in June × smoothing constant + (1 - smoothing constant) × forecast in June
= 40 million × 0.2 + (1 - 0.2) × 42 million
= 8 million + 33.6 million
= 41.6 million
b. For the forecast for August month:
= Number of checks received in July × smoothing constant + (1 - smoothing constant) × forecast in July
= 45 million × 0.2 + (1 - 0.2) × 41.6 million
= 9 million + 33.28 million
= 42.28 million
c. In this, the exponential method is used. But in the given situation we use linear forecasting method
Answer and Explanation:
The computation of the estimated liability and the journal entry is given below:
But before that following calculations need to be done
The Estimated defective units is
= 70,000 × 4%
= 2,800 units
the actual defective units is
= 460 + 350 + 210
= 1,020 units
The no of unclaimed units is
= 2,800 - 1,020
= 1,780 units
Now the warranty expense is
= 1,780 units × $60 per unit
= $106,800
Now the journal entry is given below:
Product warranty expense Dr $106,800
To Estimated liability $106,800
(Being estimated liability is recorded)
A. It might be important to get a lower interest rate on a mortgage because it means lower monthly payments.
Answer:
The Number of cycles is 4
Product Daily Quantity Daily Unit per cycle
A 18 18/4 = 4.5 units
B 16 16/4 = 4 units
C 4 4/4 = 1 unit
D 16 16/4 = 4 units
Answer:
While it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. In fact, the opposite occurred. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor.
