A qualitative forecasting method that utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is build-up forecasting.
<h3>Build-up forecasting</h3>
It is referred to as zero-based sales forecasting.
Market identification: describe the market for the product/service being investigated by checking all the appropriate industries.
Market diagnosis: analyze the basis for evaluating the number of institutions within that industry that are likely to utilize the product/service.
The objective of a bottoms-up forecast should be to output informative data that leads to decision-making backed by tangible data.
Bottom-up forecast models enable administration teams to develop a better perception of their company, which precedes improved functional decision-making.
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Answer:
The correct answer is: zero; zero.
Explanation:
If a monopolist discovers a way to perfectly discriminate, it means that the monopolist will charge equal to the willingness to pay from each consumer.
The consumer surplus is the difference between the maximum price a consumer is willing to pay and the price it actually pays.
Since each consumer is paying price equal to its willingness to pay, the consumer surplus will be zero.
There will be no efficiency costs. The monopolist will sell output where the maximum price the consumer is willing to pay is equal to or greater than the marginal cost. So all efficient trades will occur, there will be no efficiency costs.
Answer:
b.$216,000
Explanation:
The computation of the balance in the capital account for Harrison is shown below:
= Opening balance + additional invested amount - withdrawn amount + net income distributed
= $160,000 + $20,000 - $96,000 + $132,000
= $216,000
We assume that the net income is equally distributed.
Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question
Answer:
equivalent units for conversion 1,750
Explanation:
for processing cost under the weighted average method the equivalent untis arethe complete and trasnferred untis plus the work complete on the ending inventory of work in process:
beginning WIP 500
+ start and complete 1,000
total complete and trasnfered-out = 1,500
Then we work 500 units at 50% thus 250 equivalent untis
the total equivalent untis is 1,500 + 250 = 1,750
In a case whereby mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the trunk, this is an example of Lean manufacturing.
<h3>What is Lean manufacturing?</h3>
Lean manufacturing can be described as the methodology whioch ius been used by the company so as top be able to minimize waste within manufacturing systems.
It should be noted that with this miniumization thjat is been done, there is simultaneously maximization of productivity howevr the Waste caqn be described as the thin gs that do not go well with the customers or those things that dop not adds value and are not willing to pay for.
In conclusion, the Lean manufacturing can be descroibed as the type of manufacturing that canm be use toi factor out the waste during the manufacturing so as to be able to improve the productivity as well as efficiency.
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