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Papessa [141]
3 years ago
9

The forecast for the third quarter is 2,000 units; the seasonal index for the quarter is 1.18. What are the seasonally adjusted

sales for the quarter?
Business
1 answer:
max2010maxim [7]3 years ago
8 0

Answer:

Forecast for the quarter= Forecast for third quarter * Seasonal Index

Putting values in the equation:

Forecast for the quarter= 2000 units * 1.18= $2360

This forecasting method adjusts the previous period amounts to obtain an amount which reflects the seasonal changes. It is widely used in management accounting to estimate future sales while making budgets.

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Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc
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First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:

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Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

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3 years ago
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $50,000 or $150,000, with equal
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Answer:

Kindly check explanation

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Hence, the price at which a portfolio will sell decreases as risk premium increases.

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