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nadya68 [22]
3 years ago
13

Assume that January sales for the fourth year turn out to be $295,000. What was your forecast error the models in parts 2, 3, an

d 4
Business
1 answer:
Anastasy [175]3 years ago
6 0

Answer:

4th year difference in forecast $120,000

Explanation:

The forecast is prediction of future cashflows of a business. The forecasts are rarely accurate as there are many uncontrollable factors such as demand, seasonal effect and government influence which are results of the deviation from the forecast cashflow. In the given scenario the management forecast that the January sales will be $295,000 but the actual sales are $120,000 only. The main reason for such big difference is government taxes that are imposed on seafood. The prices are increased therefore consumers have reduced their seafood consumption.

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3 years ago
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According to the NFIP, the following varieties of harm aren't blanketed via flood coverage: damage resulting from moisture, mold, or mold that would have been avoided by the assets proprietor or which isn't always due to the flood. Harm resulting from earth motion, although the earth movement is because of the flood.

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7 0
2 years ago
Which of the following actions can be considered good business etiquette?
Crazy boy [7]
The answer is A, switching your cell phone off before you enter a meeting.
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3 years ago
An LCD screen is purchased to be used in the manufacturing of a digital watch. The standard price for the LCD screen used is $40
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The answer would be
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Answer:

The correct answer is: C. larger decrease in total risk.

Explanation:

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