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3 years ago

True or false: The expected level (value) of the forecasted quantity is the most important aspect of the forecast.

1 answer:

7 0

It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.

<h3>What is a forecast?</h3>

A forecast is an estimate of future trends using predictions of past and present data. A forecast assumes future repeatable patterns. However, a good forecast is:

Cost-effective
Accurate
Meaningful.

Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.

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To remedy the high crash rates among young drivers ,blank is being implemented in several states

Virty [35]

Due to the high crash rates among young drivers, Driver's education or communication campaigns are being implemented in some states to reduce the rate or to solve the critical issue. Special courses for young drivers<span> to make them conscious about their personal tendencies that may affect their behavior towards driving can be helpful.</span>

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3 years ago

In January the price of dark chocolate candy bars was $2.00, and Ajiâ€™s Chocolate Factory produced 80 pounds. In February the p

Natalija [7]

Answer:

a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February

1.5 elastic

b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March

1.36 elastic

c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?

If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.

Explanation:

price elasticity of supply = % change in quantity supplied / % change in price

It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.

PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5

PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36

4 0

3 years ago

roxy’s average monthly expense for her dog is $ 180 . roxy spends an average of $ on food each month. even though roxy spent mor

erica [24]

The SMART goals for Roxy will be illustrated as:

Specific: Roxy wants to start saving for an emergency fund.

Measurable - Roxy simply needs to measure the amount of money that she is getting every month and how much she uses for necessities.

Achievable- Roxy should think deeply whether she can keep up with it and if it is doable. Can she contiously put money into the fund every time she gets paid?

Realistic- Roxy's goal is what she could need in the future, she needs to think if this goal is something she needs for the future. Is this something that is realistic for her to do?

Timely - The goal should be timely. This is important for the accomplishment of the goal.

<h3>What is SMART?</h3>

The acronym S.M.A.R.T. provides guidelines for setting goals and objectives for better results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.

In this case, the SMART goals for Today have been explained above.

Learn more about SMART on:

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Creating a Personal Budget

The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there. Explore the cost of living for a few different cities.

Roxy is planning to move to Fort Lauderdale, Florida, and work as a nurse. She has one dog and no children. She uses public transportation and plans to rent an apartment when she moves. The new company she’ll work for pays employees bimonthly, which means twice a month. In this activity, you’ll help Roxy make a budget.

Part A

Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of the ways Roxy could make her financial goal a SMART goal.

Remember, a smart goal adheres to the SMART acronym:

Specific

Measurable

Achievable

Realistic

Timely

6 0

2 years ago

During 2008, Gum Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related

Citrus2011 [14]

Answer:

d. $14,250

Explanation:

Calculation of the amount that Gum should report as estimated warranty liability on its December 31, 2009 balance sheet

First step

2% within twelve months following the sale + 4 % in the second twelve months following the sale.

Will give us 6%

Second step is to calculate the estimated warranty liability that should be reported

Sales Total of $400,000×6%

=$24,000

Hence,

Estimated warranty liability =$24,000 -Total of actual warranty expenditures of $9,750

Estimated warranty liability=$14,250

Therefore the amount that Gum should report as estimated warranty liability on its December 31, 2009 balance sheet will be $14,250

7 0

3 years ago

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c

N76 [4]

Direct material price is the cost of the raw materials and components used to create a product. The materials must be easily identifiable with the resulting product otherwise they are considered to be joint costs.

A Consider the data provided to compute the price and quantity variances for

direct materials in the following manner:

Standard price = $1.50 per micron

Standard quantity = 3,000 toys x 6 microns =18,000

Actual price = $1.48 per micron

Actual quantity = 25,000 microns

Actual quantity used = (25.000-5.000) microns = 20,000 microns

Direct materials price variance

Actual quantity « (Standard price — Actual price)

25,000 microns x($1.50-$1.48)

$500 (Favorable)

Direct materials quantity variance = Standard price » (Standard quantity — Actual quantity)

$1.50x(18,000-20,000 microns)

-$3,000( Unfavorable)

Therefore, the price and quantity variances for direct materials is 500(Favorable),

and $3,000(Unfavorable) respectively.

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5 0

2 years ago