Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows:

A counseling service records the number of calls to their hotline for the last year. What is the forecast for August if the fore

Valentin [98]

Answer:

175.36

Explanation:

Given that,

Demand data for various month is given.

Forecast for July = 164

Alpha = 0.8

Calculation of forecast by using the exponential smoothing method:

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

F(t+1) represents forecast value of (t+1)

∝ = Smoothing constant

Y(t) = Actual value of period t

F(t) = Forecast of period t

For the month of July,

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

= (0.8 × 165) + [(1 - 0.8) × 164]

= 132 + 32.8

= 164.8

For the month of August,

F(t+1) = ∝Y(t) + (1 - ∝)F(t)

= (0.8 × 178) + [(1 - 0.8) × 164.8]

= 142.4 + 32.96

= 175.36

Therefore, the forecast for August is 175.36 if the forecast for June was 164.

3 0

4 years ago

Terryville Corporation plans to sell 48,000 units of its single product in March. The company has 3,500 units in its March 1 fin

murzikaleks [220]

Answer:

Terryville plans to produce 47,600 units in March.

Explanation:

First of all, let us lay out the information given clearly:

Projected sales = 48,000 units

Inventory (March 1) = 3,500 units

Inventory (march 31) = 3,100 units.

From the above information, the total units to be produced can be calculated by adding the total projected sales to the ending inventory as follows:

Total projected units to be produced = projected sales + ending inventory

= 48,000 + 3,100 = 51,100 units

However, we are told that the inventory at the beginning of the month of March is 3,500, therefore of the total amounts to be produced, 3,500 units is already available, hence to get the new amount to be produced we will subtract the beginning inventory from the total units planned to be produced.

Total units to be produced = 51,100 - 3,500 = 47,600 units.

8 0

4 years ago

Which statement best explains why producers conduct market research? Predicting what the government will do helps producers redu

Blababa [14]

Answer:

Knowing what consumers want helps producers make more money.

Explanation:

The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.

5 0

3 years ago

Movie studios use tracking studies in which prospective moviegoers are asked questions about an upcoming film release to help th

Grace [21]

Answer:

This is an example of survey or marketing research.

Explanation:

For the movie studios to use tracking studies in which moviegoers are asked questions about their thoughts and opinion in a new movie, it is called survey. <em>Part of the aim could be for criticism of their works, revenue forecast, impact of the movie on the society or their thought on the theme of the movie. </em>

6 0

4 years ago

Mitchell Corporation bought equipment on January 1, 2017, and depreciates it using the double declining-balance-method of deprec

vampirchik [111]

Answer:

Book value= $206,400

Explanation:

Giving the following information:

The equipment cost $300,000 and had an expected salvage value of $40,000.

First, we need to calculate the accumulated depreciation:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*[(300,000 - 40,000)/10]= 52,000

Year 2= 2*[(260,000 - 52,000)/10]= 41,600

Book value= purchase price - accumulated depreciation

Book value= 300,000 - 93,600= $206,400

3 0

3 years ago