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suter [353]
2 years ago
5

If the demand for a product was 16, 28, 20 and 24 units in four consecutive months, and the corresponding forecasts in those fou

r months were 20, 16, 20 and 30 units respectively, what is the MAD at the end of four months
Business
1 answer:
Igoryamba2 years ago
5 0

Answer:

5.5 units

Explanation:

Period   Actual     Forecast   Absolute deviation

   1            16              20                     4

  2            28              16                    12  

  3            20              20                    0

  4            24              30                    6

Total                                                   22

Mean absolute deviation(MAD) = Sum of absolute deviation / Number of periods

Mean absolute deviation(MAD) = 22 / 4

Mean absolute deviation(MAD) = 5.5 units

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If the price of good A​ falls, then when the consumer makes his new​ utility-maximizing choice​ _______. A. the quantity of the
skad [1K]

Answer: Option (B) is correct.

Explanation:

Correct option: The marginal utility from consuming good A will be lower than before.

This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the  law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.

Therefore, the marginal utility from consuming good A will be lower than before.

4 0
3 years ago
In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $3.4 million. In a good year, it can pro
lorasvet [3.4K]

Answer:

the fixed cost is $1.72 million  

Explanation:

The computation of the fixed cost is shown below:

= Total cost - variable cost

= $3.4 million - ($4.6 million - $3.4 million) ÷ $3.4 million - $.1.2 million ÷ $2 million

= $3.4 million - 2.8 million × $0.60 million

= $1.72 million

Hence, the fixed cost is $1.72 million  

7 0
3 years ago
24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav
polet [3.4K]

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.  

Below is the calculation:

Present \  value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\

\text{Total value of car}  = savings +  present \ value \\=  4000 + 13290.89 \\= 17290.89

7 0
3 years ago
Jameson Corporation was organized on May 1. The following events occurred during the first month. Received $68,000 cash from the
monitta

Answer:

Explanation:

The journal entries are shown below:

1.  Cash A/c Dr $68,000

                  To Common stock                      $5,150

                   To Additional paid-in capital     $62,850

(Being the cash is received)

The common stock value is computed by

= Number of investors × number of shares × par value

= 5 investors  × 103 shares × $10

= $5,150

And, the remaining balance is transferred to additional paid-in capital

2. No journal entry required

3.  Cash A/c Dr $17,000

            To Long term note payable A/c $17,000

(being cash is borrowed for long term payable)

4.  Equipment A/c Dr $18,000

        To Cash A/c                         $1,500

        To Short term note payable $16,500

(Being equipment is purchased for cash and short term note payable)

5.  Short term Notes receivable A/c Dr $1,600

           To Cash                                                       $1,600

(Being cash is paid)

6. Store fixtures A/c Dr $19,000

            To Cash A/c                       $19,000

(being cash is paid for store fixtures)

7 0
3 years ago
Write a paragraph summary of the history of credit and consumerism
ollegr [7]

Answer:

Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.

Explanation:

Do I really need to explain such an egregious answer

7 0
3 years ago
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