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fomenos
3 years ago
13

LO 7.2What operating budget exists for manufacturing but not for a retail company?

Business
1 answer:
belka [17]3 years ago
8 0

Answer:

Production Budget

Explanation:

Production Budget is usually substituted <em>with</em> Purchasing budget for a retail company.

The operating budget usually consist of the:

  • sales budget,
  • production budget,
  • manufacturing overhead budget.

However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted <em>with</em> Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they<em> substitute </em>the number of units to be purchased, to the number of units to be produced.

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True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer pred
Hunter-Best [27]

Answer:

False. See expplanation below.

Explanation:

Training error by definition is the "error that you get when you run the trained model back on the training data."

False

Sometimes if we have more predictors than the neccesary we create bias and other problems like multicolinearity between the independnet variables. The idea is have a parsimonious model with the ideal number of variables and not with too much or too low variables.

For example we can have a linear model with just one predictor adjusted to the response variable perfect. And we can have another model with the same response variable but with 10 predictors with the same correlation and significance.

Always is important to understand the context of a problem in order to select the predictors to estimate the response variable in order to don't overestimate the number of parameters neccesary to use.

8 0
4 years ago
Every business is unique — including yours! Based on the goals described below, choose the campaign type that could best help yo
Svetach [21]

Answer: Social media campaign

Explanation:

For a business whose objective is trading of a mechanical product called a pump, one of the best way to promote the business to reach goals is through social media campaign. Social media campaign is the use of social media platforms to promote a brand or business with it's services and amazing contents that would make the target market buy the goods.

8 0
3 years ago
At December 31, Gill Co. reported accounts receivable of $246,000 and an allowance for uncollectible accounts of $1,200 (debit)
Ganezh [65]

Answer:

the amount of the adjustment for uncollectible accounts would be $11,040

Explanation:

The computation of the amount of the adjustment for uncollectible accounts would be given below:

= Account receivable × uncollectible percentage + debit balance of the uncollectible accounts

= $246,000 × 4% + $1,200

= $9,480 + $1,200

= $11,040

Hence, the amount of the adjustment for uncollectible accounts would be $11,040

3 0
3 years ago
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Explanation:

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A girl in your kindergarten class has started to act uncharacteristically withdrawn. You send a text message to her primary care
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B.) Try a different method of contact.

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