Answer:
True
Explanation:
The Bass New forecasting model is a forecasting model that is commonly used to estimate the sales of a product at a certain in future and it is used for highly durable goods.
The bass new forecasting model wad developed by Frank Bass and it has a formula
<u> f ( t ) </u> = p + qF ( t )
1 - f ( t )
where:
f ( t ) is the change of the installed base fraction
F(t) is the installed base fraction
p is the coefficient of innovation
q is the coefficient of imitation
Cheers.
One of the main things to consider when evaluating a business opportunity is option A. customer demand for the product.
Customer demand for the product refers to products and services that customers buy. It includes the quality, quantity, and trends in the products and services preferred by the customer.
Business opportunities rely on customer demands for the product and services. An increase in customer demands will increase the growth of business opportunities.
Meeting customer demands will increase the trust level of customers. It will also increase the hiring of employees and production level. If the demand for a product or service is high, the price will also increase. Production will also be increased to meet customer demand.
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Answer:
B) Unrealized Holding Gain or Loss-Income. 300,000
Notes Receivable 300,000
Explanation:
December 31, 2017 realized losses:
- Dr Unrealized Holding Gain or Loss―Income 300,000
- Cr Notes Receivable 300,000
Since the carrying value of the notes receivable was $300,000 higher than their fair market value, it means that the company will lose money.
Since the company is losing money, it should debit the Unrealized Holding Gain or Loss―Income account. Gains are credited and losses are debited.
The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
<h3>What is a Collection Float?</h3>
Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:
- Concerning the Bank Deposits
Given,
Average Daily Receipt = $26,482
Average clearing days = 1.3 days
Daily Interest Rate = 0.016%
Required to Calculate = Highest daily fee to eliminate collection float
Calculation,
Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.
= $26,482 x 1.3 x 0.016%
Highest daily fee to eliminate collection float = $550.8 which is $551 (approx).
Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
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