On a balance sheet, assets must always equal liabilities plus equity. true false

In 2019, a marketing manager for New Balance’s Fresh Foam Zante shoe needs to forecast sales through 2021. She begins with the k

Gekata [30.6K]

The correct answer to this open question is "the lost-horse forecasting."

In 2019, a marketing manager for New Balance’s Fresh Foam Zante shoe needs to forecast sales through 2021. She begins with the known totals for 2018 and adjusts for positive factors like acceptance of new high-tech designs and great publicity, and for negative factors like higher inflation and predicted moves by the competition. This type of forecast is referred to as <u>lost-horse forecasting.</u>

In this kind of forecast, you first take into consideration the last known value of the article that is going to be forecasted, writing all the factors that might affect it in the forecast. Then you have to evaluate if that would have a positive or negative influence or impact in the article. Finally, you project a feasible situation.

7 0

3 years ago

Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal in

Alenkinab [10]

Answer:

Answer is explained below.

Explanation:

Description Amount Computation

(1)Gross Income $106,000 $100,000 Salary+ $6000 Interest income

(2)For AGI Deductions 0

(3)Adjusted Gross Income $106,000 (1) - (2)

(4)Standard Deduction $18350 Head of Household

(5)Itemized deductions $7,000

(6)Greater of standard deduction ($18350) (5)<(4)

and itemized deductions

(7)Taxable Income $87650 (3) + (6)

(8)Income Tax liability $13,790 ($87,650 -$84,200)×24%+$12,962(See tax rate schedule for head of household)

(9)Child Tax credit ($2000)

(10)Tax withholding ($11000)

Income Tax liability $790 (8) + (9) + (10)

4 0

3 years ago

Read 2 more answers

What Acceptance means in ethical behavior ?

lawyer [7]

There are three parts to an ethical response to error: disclosure, apology and amends. Honesty and humility are discussed as important virtues that facilitate coping and personal growth for the health care provider who is involved in mistakes.

6 0

3 years ago

Spice asks Meyers about how a fixed-income manager would position his portfolio to capitalize on expectations of increasing inte

Artist 52 [7]

Answer:

a. Shorten his portfolio duration

Explanation:

The best action to take in order to capitalize on expectations of increasing interest rates would be to shorten his portfolio duration. This is because an increase in the interest rate causes his portfolio value to decrease, yet if the duration of his portfolio is shortened then the change/decrease in value will be lesser than if done otherwise.

4 0

3 years ago

A debit: Multiple Choice Always decreases an account. Is the left-hand side of a T-account. Is the right-hand side of a T-accoun

In-s [12.5K]

Answer:

ggggg

Explanation:

5 0

3 years ago