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Arlecino [84]
3 years ago
6

The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper numb

er of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past 12 months: Month Gasoline Demanded (gal.) October 800 November 725 December January 500 February 645 March April 730 May 810 June 1,200 July 980 August 1,000 September 850 a. Compute a 2-month moving average demand forecast for the months of December to September. Calculate MAD, MAPD and MSE. b. Compute the optimal 2-month weighted moving average demand forecast for the months of December to September. Calculate MAD, MAPD and MSE. C. Assume the demand forecast for October is equal to the actual demand of October, 800. Compute the optimal exponentially smoothed demand forecast for the months of November to September. Calculate MAD, MAPD and MSE. d. Assume the demand forecast for October is 800 and trend for October is 0. Compute the optimal double exponentially smoothed demand forecast for the months of November to September. Calculate MAD, MAPD and MSE. e. Compute linear trend line demand forecast for the months of October to September. Calculate MAD, MAPD and MSE. f. Compare the five forecasting methods by using MAD, MAPD and MSE and indicate which method is the best fit for the data based on MAD, MAPD (or MAPE), and MSE, respectively.
Business
1 answer:
jeka943 years ago
5 0

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Which of the following equations describes customer value?
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6 0
3 years ago
Harrington Company was sued by an employee in late 2017. General counsel concluded that there was an 70 percent probability that
insens350 [35]

Answer:

Explanation:

From the given information; the objectives are to:

A. Prepare journal entries for this lawsuit for the years ending December 31, 2017, and December 31, 2018, under (1) U.S. GAAP and (2) IFRS.

B. Prepare the entry(ies) that Harrington would make on the December 31, 2017, and December 31, 2018, conversion worksheets to convert U.S. GAAP balances to IFRS.

A. Journal entries for the lawsuit for the years ending December 31, 2017 and December 31, 2018

1                     Under US GAAP                               Debit            Credit

31 Dec,        Loss on lawsuit-estimated               $34,000

2017             Estimated liability for lawsuit                                  $34,000

                    (estimated liability provided for lawsuit)

31 Dec,         Estimated liability for lawsuit            $34,000

2018             Additional loss on lawsuit                 $33,000

                     Cash                                                                        $67,000

                    (cash paid on settlement)

2                  Under IFRS

31 Dec,        Loss on lawsuit-estimated                 $56000

2017            Estimated liability for lawsuit                                  $56000    

                   (estimated liability provided for lawsuit)

31 Dec,       Estimated liability for lawsuit                $56000

2018           Additional loss on lawsuit                     $11000

                  Cash                                                                           $67000

                 (cash paid on settlement)

Under US GAAP, if there is a range of possible losses but loss cannot be estimated within that range,  the entity will record the low end of the range.

Under IFRS, if loss cannot be estimated with in the range, the entity will record the midpoint of range.

N.B:  

Additional loss on lawsuit  = 67000 - 34000

Additional loss on lawsuit  = 33000

Estimated liability for lawsuit  = (32000 + 78000)/2

Estimated liability for lawsuit  = 56000

B. Journal entry for conversion from US GAAP to IFRS

31 Dec,        Loss on lawsuit-estimated                 $22000

2017            Estimated liability for lawsuit                                  $22000    

31 Dec,       Estimated liability for lawsuit                $22000

2018           Additional liability for  lawsuit                                   $22000

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