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Monica [59]
3 years ago
15

Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce l

imited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
Business
1 answer:
kumpel [21]3 years ago
6 0

Complete Question:

Fed up with her working conditions at the call center, Lisa decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?  

  1. Her forecasts will probably be 100% accurate.
  2. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
  3. Her demand forecasts for each style of skirt will be less accurate than her demand forecasts for all skirts.
  4. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.

Answer:

Option 4 is the correct answer

Explanation:

Because the only best way to forecast the amount of fabric required for the is dependent upon the number of customer orders for each type of skirt she receives.

Remember that the forecasting cannot be 100% correct because we human and we cannot tell the future with 100% surety. All we can do is guessing what would happen.

With the help of past data we can better estimate the demand. As their is no past data available we can make a reliable forecast of the skirt sales.

Option 3 is also incorrect because forecasting is dependant upon the reliable source of information which helps in estimating what would happen. Estimating single or combined sales is not a reliable source of information.

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Problem 7-5 Coupon Rates [LO2] Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity
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Answer:

5.32%

Explanation:

The computation of the coupon rate on the bonds is shown below:

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4 0
2 years ago
Sharon spent the weekend with her friend amelia. amelia proposed a plan for shoplifting cd's from a local music store. sharon wa
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3 years ago
When the economy is growing, total output is _____ and total income is _____.
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2 years ago
Read 2 more answers
Suppose gold​ (G) and silver​ (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th
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Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020

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b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980

Equilibrium price of gold is $1,300 and the price of silver is $980.

8 0
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