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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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Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
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Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

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3 years ago
when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in
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2 years ago
Green Haven is an organization whose earnings are exempt from federal and state income taxes. Individuals who contribute money t
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Non-profit organisation

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