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lina2011 [118]
3 years ago
6

In order to raise revenue in the city of Hamlet, the city considered assessing a local tax on food served in restaurants. When f

orecasting the amount of revenue that would be generated by the new tax, the budget officials suggested that about 10% of current customers would likely quit eating out in Hamlet and drive to the nearest town. This is an example of
Business
1 answer:
Rasek [7]3 years ago
6 0

Answer:

Dynamic forecasting

Explanation:

Dynamic forecasting occurs when present forecast is made based on previous forecasts on the value of dependent variable.

On the other hand static forecasting is when actual previous vales to make present forecast.

Budget officials suggested that about 10% of current customers would likely quit eating out in Hamlet and drive to the nearest town

So a forecast is made on previous forecast.

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Phoenix [80]

Answer:

25.55 days

Explanation:

first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable

net sales = $1,000,000

average accounts receivable ($80,000 + $60,000) / 2 = $70,000

accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286

average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days

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Answer:

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3 years ago
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List two examples of service you have purchased in the past or may purchase in the future
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
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