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docker41 [41]
3 years ago
11

John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 5 to the previo

us month's demand, 3 to demand two months ago, and 1 to demand three months ago. If sales amounted to 992 pancakes in May, 2,222 pancakes in June, and 2,907 pancakes in July, what should be the forecast for August
Business
1 answer:
ICE Princess25 [194]3 years ago
3 0

Answer:

2,466

Explanation:

Calculation to determine what should be the forecast for August

August Forecast =[992 pancakes +(2,222 pancakes x3)+(2,907 pancakes x5)]/(5+3+1) =

August Forecast =(992 pancakes+6,666 pancakes+14,535 pancakes)/9

August Forecast =22,193 pancakes/9

August Forecast =2,466

Therefore should be the forecast for August is 2,466

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Suppose that when the price of peanut butter falls from $5 to $4 per jar, the quantity of jelly purchased rises from 10 million
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The cross-price elasticity of demand is -1.82

Calculate the cross-price elasticity of demand:

The formula to calculate the cross-price elasticity of demand is:

(92 -91)/[(02 + 91)/2]

Cross price elasticity

(P2- A)/[(P +P)/ 2]

(15-10)/ [(15+10)/2]

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The goods are said to be Complements.

<em>Your question is incomplete. Please read below to find the missing content.</em>

Suppose that when the price of peanut butter falls from $5 to $4 per jar, the quantity of jelly purchased rises from 10 million jars to 15 million jars. Instructions: Round your answer to two decimal places and include a negative sign if appropriate. The cross-price elasticity of demand between peanut butter and jelly using the midpoint method is The goods are?

Learn more about cross-price here: brainly.com/question/25745683

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3 0
2 years ago
Which statement best describes lifetime income
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3 years ago
All large modern economies have become mostly market economies because market economies provide __________.
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The answer is C. Hoped this helped you
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4 years ago
Amanda doesn't know how the CSR initiative should be<br> communicated. What do you advise?
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<u>Explanation:</u>

CSR initiative has to be communicated to the employees. As the cafe has permanent workers and part timers. Communication gap may arise as part timers work only a few hours a week they might not be informed which decreases their opportunity of joining the other team members in CSR activity.

Communication can be through word of mouth which spreads over a time and people show interest. Posters can be done with employees performing their volunteer activities that is a better way of communication. Posters can be pasted in cafe walls so the customers will know.

One of the fastest mode of sharing communication is social media. The CSR activities done so far by the firm can be posted in social media and it reaches a wider group of audience.

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4 years ago
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