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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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The Style of leadership uses a hands-off approach,allowing the group to direct itself. Authoritarian. Democratic. Laissez-faire
natali 33 [55]

The correct answer is Laissez-faire.

Laissez faire is a style of leadership which uses hands-off approach by allowing the group to direct itself.

Laissez faire is termed as the economic system where there are free from intervention of government.

For example, tariffs, privileges, subsidies and regulations. It is a word which came from French to mean let it go.


8 0
3 years ago
Read 2 more answers
Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
emmasim [6.3K]

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

7 0
3 years ago
The most important lesson investors can learn from behavioral finance isA) to understand psychological factors influencing long-
zalisa [80]

Answer: Option A

Explanation: Behavioral finance refers to the impact of investors behavior and emotions on their decision making. It is based on the concept that investors are not rational decision makers and sometimes get biased as according to their preferences.

Thus, the investors can study this concept so they can fully understand how the psychological factors influence their decision making. This can help the investors in rational decision making for the future.

Hence from the above we can conclude that the correct option is A.

5 0
3 years ago
The practice of buying goods and services now and paying for them later is termed:______
sesenic [268]

The practice of buying goods and services now and paying for them later is termed is<u> Bartering</u>.

A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.

In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.

A carpenter who constructs a fence for a farmer is a straightforward illustration of a barter transaction.

The farmer might compensate the carpenter with $1,000 worth of crops or groceries rather than paying the builder $1,000 in cash for labor and supplies.

To learn more about Bartering here

brainly.com/question/14903216

#SPJ4

7 0
2 years ago
Sandoval needs to determine its year-end inventory. The warehouse contains 36,000 units, of which 4,600 were damaged by flood an
Ludmilka [50]

Answer:

40,600 units sound be included in its end of year interest

Explanation:

In this question, we are asked to calculate the number of units that should be included in its end of year inventory

Particulars units

In stock 36,000

Less;

Damaged 4,600

31,400

Add

stock in transit. 3,600

Stock available with

with consignee. 5,600

Closing inventory. 40,600

6 0
4 years ago
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