Answer:
A. Forecast for July = 42.
B. Forecast for August = 42.45
C. Because of seasonality in the banking industry.
Explanation:
A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)
= 42 + 0.15 (42-42) = 42
B. Forecast for August = Forecast for July + 0.15 (Forecasting error)
= 42 + 0.15 (45-42) = 42.45
C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.
Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.
A Small business is defined as a business that is independently owned and operated and is not dominant in its field of operations.
Answer:
B. motivating current employees
Explanation:
The internal business processes perspective of balanced scorecard were used to create new products, services, and processes. It addresses providing service and support to the customer after the sale. It asks for delivering existing products and services to best meet the needs of customers. But it does not address motivating current employees since balanced scorecard is concerned with innovation in products and services.
Answer:
A. 29.6%
Explanation:
Return on Equity is the times of profit a owner can earn on the equity investment in the business. Higher ratio shows the business is more profitable.
As per given data
Net Income = $36,610
Average Equity = $123650
Return on Equity ( ROE ) = Net Income / Equity Investment
Return on Equity ( ROE ) = $36,610 / $123650
Return on Equity ( ROE ) = 0.296
Return on Equity ( ROE ) = 29.6%
