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Masja [62]
2 years ago
5

To help with hiring decisions during peak seasons and holidays, Touching Cards uses time-series forecasts, like sales from last

Valentine's Day and Christmas, to predict future sales based on patterns of historical data. This defines ___.1. a seasonal trend2. a trend decision3. diagnosis4. analytics5. a logical system
Business
1 answer:
inna [77]2 years ago
7 0

Answer:

Option 4 Analytics  

Explanation:

The reason is that business analytics uses the sophisticated patern of available data of the organization on the basis of the past data to make an assessment of the situation and make an informed decisions that benefits most to the company.

So here the company is using trends which include seasonal trends and forecasting techniques to assess the situation and make informed decision based on the data extracted which best alligns with Business analytics.

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On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20
Leni [432]

Answer:

The amount of cash received on January 24 is $3332

Explanation:

The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.

The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400

The discount received will be = 3400 * 2% =  $68

Thus, the cash received on January 24 will be 3400 - 68  =  $3332

6 0
3 years ago
Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company
Monica [59]

Answer:

$91

Explanation:

Given the following information,

Direct materials per unit = $54

Direct labor per unit = $20

Variable overhead per unit = $6

Fixed overhead for the year = $462,000

For Absorption costing method, it includes all costs associated with production, including fixed and variable cost. The unit product cost is calculated using direct material, direct labor and total unitary manufacturing overhead.

Unitary cost = (Fixed overhead for the year / Units produced) + Direct materials per unit + Direct labor per unit + Variable overhead per unit

Unitary cost = ($462,000 / 42,000) + $54 + $20 + $6

Unitary cost = $11 + $54 + $20 + $6

Unitary cost = $91

Therefore, the product cost per unit is $91

5 0
3 years ago
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the mos
Pani-rosa [81]

Answer:

$100,000 and $241,000

Explanation:

The computation of the gross profit for the Black and Navy Divisions shown below:

As we know that

Gross profit = Sales - cost of goods sold

For Black, it would be

= $200,000 - $100,000

= $100,000

And, for Navy, it is

= $400,000 - $159,000

= $241,000

We simply applied the above formula to compute the gross profit

6 0
3 years ago
On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. Prepare the necessary jo
Sophie [7]

Answer:

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

Explanation:

Journal entries

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

(Issue price of $461,795 - par value of $450,000) =$11,795

8 0
3 years ago
Read 2 more answers
Mariah Company has inventory at the end of the year with a historical cost of $ 74 comma 000. Mariah Company uses the perpetual
Ostrovityanka [42]

Answer: Debit: Cost of goods sold $1400

Credit: Inventory $1400

Explanation: The lower of cost or LCM rule indicates that a company needs to value it's inventory at the end of the year at whatever cost is lower, between the actual cost of the inventory or its market price currently. This is in accordance with US GAAP.

In Mariah Company the historical cost, which is the actual cost of the inventory and thus what it is valued at in the books, is $74000. Replacement cost, which is how much it would cost to replace an asset based on market rates, is only $72600. The replacement cost is thus lower. Since the inventory is still valued at historical cost in the books, it will have to been written down to the replacement cost value. To do this the difference between both costs will need to be deduced. Difference is thus: $74000 - $72600 =$1400.

When write down occurs, this is expensed to cost of goods sold. This is because there is a decrease in closing inventories. If there is a decrease in this figure then it will lead to a subsequent increase in cost of goods sold, leading to it being debited to show this increase (remember the formula to calculate cost of goods sold). Inventory is credited as the value of this inventory has decreased, and inventories decrease on the credit side.

7 0
3 years ago
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