Answer:
175.36
Explanation:
Given that,
Demand data for various month is given.
Forecast for July = 164
Alpha = 0.8
Calculation of forecast by using the exponential smoothing method:
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
F(t+1) represents forecast value of (t+1)
∝ = Smoothing constant
Y(t) = Actual value of period t
F(t) = Forecast of period t
For the month of July,
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
= (0.8 × 165) + [(1 - 0.8) × 164]
= 132 + 32.8
= 164.8
For the month of August,
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
= (0.8 × 178) + [(1 - 0.8) × 164.8]
= 142.4 + 32.96
= 175.36
Therefore, the forecast for August is 175.36 if the forecast for June was 164.
Answer:
The amount of pension expense reported by the company is $68 Million
Explanation:
the particulars of pension expense that will recognized and reported by the company.
Service Cost $44 Million
Add: Interest Cost <u>$50 Million</u>
Total Cost $94 Million
Less: Expected Return on Plant Asset <u> $31 Million</u>
$63 Million
Add: Amortization of a prior service cost <u>$05 Million</u>
Pension expense reported by the company $68 Million
Thus, the Pension expense reported by the company is $68 Million
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