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umka21 [38]
3 years ago
6

Jasper Furnishings has $225 million in sales. The company expects that its sales will increase 10% this year. Jasper's CFO uses

a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows: Inventories = $15 + 0.245(Sales) Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar.
Business
1 answer:
lions [1.4K]3 years ago
7 0

Answer:

$75,637.5

Explanation:

Sales = $225 million

Growth in sales = 10%

Inventory = $15 + 0.245(Sales)

(sales) S1 = $225,000,000 × 1.10

   = $247,500,000

Inventory = $15 + 0.245 ($247.5)

                = $15 + 60.6375

                = 75.6375

Since this relationship is expressed in thousands of dollars,

Inventory = $75.6375 x $1000

                = $75,637.5

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A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal entry The Gap records?
OLga [1]

Answer:

Option (d) is correct.

Explanation:

Given that,

Customer purchases $340 worth of merchandise from The GAP using a gift card.

A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.

The journal is as follows:

Unearned revenue A/c Dr. $340

         To sales revenue A/c         $340

(To record the merchandise sold for a gift card)

6 0
3 years ago
You purchased GARP stock one year ago at a price of $67.67 per share. Today, you sold your stock and earned a total return of 18
Svetlanka [38]

Answer:

14.48%

Explanation:

The capital gains yield on the investment is increase in share price divided by the initial price paid to acquire the share a year ago.

The total return formula can be used to figure the price the stock was when sold as below:

total return =P1-Po+D/Po

P1 is the current price which is unknown

Po is the initial price of $67.67

total return is 18.79%

D is the dividend of $2.92

0.1879=P1-67.67+2.92/67.67

0.1879*67.67=P1-64.75

12.72=P1-64.75

P1=12.72+64.75

P1=77.47

Capital gains yield=(77.47 -67.67)/67.67=14.48%

7 0
3 years ago
The correlation coefficient between a selection test and job performance is 0. This means the selection test_________ .
Lesechka [4]

Answer:

(b) and job performance are unrelated

Explanation:

Correlation coefficient = 1 perfectly related

Correlation coefficient = 0 perfectly unrelated

Correlation coefficient of zero means the selection test and the job performance are unrelated. Hence, the correct answer is B

6 0
3 years ago
Which of the following best describes a strategic trade-off? the tension between innovation and keeping manufactring costs down
patriot [66]

Answer:

The tension between value creation and the pressure to keep costs in check.

Explanation: Strategic trade-off is the term used to describe the decision taken which led to the replacement of a particular Strategic action with another. Most Strategic trade-offs are usually done after considering the costs and benefits of the strategic plans or objectives being monitored or observed.

A STRATEGIC TRADE-OFF IS ALSO DONE IN ORDER TO ENSURE THAT THE TENSION BETWEEN VALUE CREATION AND THE PRESSURE TO KEEP COSTS IN CHECK IS OF IMPORTANCE TO AN ORGANISATION..

6 0
2 years ago
You have been given $100 to go school shopping. Identify how you would spend the money based on "needs" and "wants".
mojhsa [17]

Answer:

Explanation:

You will need:

pens, paper, pencils, folders, notebooks, shoes and clothes for school

Your wants would be:

the air jordan shoes instead of the walmart brand.

A colorful 3d folder or notebook instead of the generic plain ones

a 5 dollar pen or pencil when you can get 12 for a dollar

Needs would be very basic items

wants are usually much more expensive

8 0
3 years ago
Read 2 more answers
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