At September 30, the accounts of East Terrace Medical Center (ETMC) include the following:

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000, Selling price per unit $30

Firdavs [7]

Answer and Explanation:

1. Income Statement as on (-----)

Particular Amount

Sales(20000 x $30) $600,000

Less: COGS $160,000

inventory = $24,000

Less :End inventory = $44,000

Add :purchases $180,000

Gross Profit $440,000

Less: Fixed expenses $70,000

($40,000+$30,000)

$370,000

Less variable Expenses $120,000

(20,000 x $4) = $80,000

(20,000 x $2) = $40,000

Net Profit $250,000

2. Contribution Format Income Statement

Particular Amount

Sales(20000 x $30) $600,000

Less : Variable Expenses

COGS(24000+180000-44000) $160,000

Selling Expenses(20000x$4) $80,000

Administrative exp (20000x$2) $40,000

Contribution $320,000

Less: Fixed Expenses

Selling exp $40,000

Administrative exp $30000

Net Profit $250,000

8 0

3 years ago

The moving-average forecasting method is a very good one when conditions remain pretty much the same over the time period being

astraxan [27]

Two of the most usually used forecast error measures are suggested absolute deviation (MAD) and implied squared errors (MSE). MAD is the average of absolute mistakes. MSE is the average of the squared errors. mistakes of contrary symptoms will not cancel every difference out in both measures. however, with the aid of squaring the mistakes, MSE is extra sensitive to big mistakes. both MAD and MSE can be used to examine the performance of different forecasting techniques. The high-quality approach is the only one that yields the lowest MAD/MSE. - consequently, the statement in the query is fake.

A smoothing regular of 0.1 will motivate an exponential smoothing forecast to react extra quickly to a sudden exchange than a fee of zero. three will. - false

A weighted shifting common permits unequal weighting of earlier time intervals. The sum of the weights has to be identical to 1. often, more recent periods are given better weights than durations farther beyond. Exponential smoothing places big weight on beyond observations, so the initial cost of a call may have an unreasonably big effect on early forecasts. for this reason, the assertion in question is fake.

In an easy linear regression model, the correlation coefficient not handiest indicates the strength of the relationship among independent and structured variables, however, also suggests whether or not the relationship is tremendous or negative. as a result the announcement in the query is genuine.

Forecasting techniques including moving-average, exponential smoothing, and the final-value approach all represent averaged values of time-series records. authentic

The shifting-average forecasting method is a very good one while conditions continue to be pretty a lot identical over the time period being considered.. authentic.

Learn more about the forecasting method here

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8 0

1 year ago

N Florida, any driver less than 21 years of age who is stopped by law enforcement and has a breath or blood alcohol level of .02

GalinKa [24]

Answer:In Florida, any driver under 21 years of age who is stopped by law enforcement and has a breath or blood alcohol level of .02 or higher will automatically have their driving privilege suspended for 6 months.

8 0

3 years ago

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $580,000, vari

vesna_86 [32]

Answer:

Net income= -$34,200

Explanation:

Giving the following information:

Beta Division:

Sales= $580,000

Variable expenses= $301,600

Traceable fixed expenses of $186,500.

Income= 91,900

Alpha Division:

Sales of $510,000

Variable expenses of $178,500

Traceable fixed expenses of $222,100.

Income= 109,400

The total amount of common fixed expenses not traceable to the individual divisions is $235,500.

We need to deduct from the income of each division the not traceable fixed costs.

Net income= 91,900 + 109,400 - 235,500

Net income= -$34,200

4 0

3 years ago

LeQuient will be giving a sales presentation to a mixed audience and he wants to find out if the audience members are individual

Hatshy [7]

Answer:

He is likely to conduct a Multicultural

Explanation:

4 0

3 years ago

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