Reference no: EM13746430
1. National scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
|
Month
|
Sales
|
|
|
(units)
|
|
Feb
|
19
|
|
Mar
|
18
|
|
Apr
|
17
|
|
May
|
20
|
|
Jun
|
19
|
|
Jul
|
22
|
|
Aug
|
20
|
- Forecast September sales volume using the naïve approach.
- Forecast September sales volume using a linear equation. a=17.43, b = 0.46.
- Forecast September sales volume using a five-month moving average
- Forecast September sales volume using a weighted average using .60 for August, .30 for July, and .10 for June.
- Forecast September sales volume using Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19.
2, A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecast to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A smoothing constant (Alpha) of .2 is used.
a.Prepare a forecast for September.
b. Assuming actual September usage of 92 percent, prepare a forecast for October usage.
3. A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream.
Ft =80+14t
Where
Ft Annual forecast in sales (bottles)
t= 0 corresponds to 1990
a. Predict annual sales for the year 2006 using the equation.
4.The manager of travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows:
|
Period
|
Demand
|
Predicted
|
|
1
|
129
|
124
|
|
2
|
194
|
200
|
|
3
|
156
|
150
|
|
4
|
91
|
94
|
|
5
|
85
|
80
|
|
6
|
132
|
140
|
|
7
|
126
|
128
|
|
8
|
126
|
124
|
|
9
|
95
|
100
|
|
10
|
149
|
150
|
a. Compute MAD for the 5th period
b. Compute MAPE for the 10th period
|
Discuss the ethical dilemma faced by jim fielding
: Horizon Corporation manufactures personal computers. The company began operations in 2002 and reported profits for the years 2004 through 2009. Due primarily to increased competition and price slashing in the industry, 2010's income statement reporte..
|
|
Support capital budgeting decisions
: In your initial post, identify and recommend at least 1 credible Web site that discusses the process of calculating the models most commonly used to support capital budgeting decisions, and address at least 3 of the following topics:
|
|
Stockholders equity section
: On April 21, 2014, Alligator Corporation received a charter granting the right to issue 100,000 shares of $100 par value, 6% cumulative and nonparticipating preferred stock, and 1,000,000 shares of $1 par value common stock. It then Apr. 28 Issued 10..
|
|
Product or period cost and direct or indirect cost
: For each item shown below, indicate whether it is a product cost or a period cost, by placing an X in the appropriate column. For each item that is a product cost, also indicate whether it is a direct cost or an indirect cost with respect to a unit o..
|
|
Exponential smoothing to forecast equipment
: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecast to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A smoothing constant (Alpha) of .2 is used.
|
|
Discuss the changing role of women in the family
: Discuss the changing role of women in the family. In what ways did the role of women in society change during this period? Did the role of women in the family change at all? If so, how?
|
|
Question regarding the edelman engineering
: Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this year's capital budget.
|
|
Uses a job order cost accounting system
: FACTS: Samer Corp. uses a job order cost accounting system. The following is selected information pertaining to costs applied to jobs during the year. Jobs still in process at the end of the year: $167,000, which includes $65,000 direct labor costs. ..
|
|
Produces and sells two produtcs-standard and deluxe
: Lincoln Corporation produces and sells two produtcs : Standard and Deluxe. The info on the two products sold for the last month is given below. The common fixed cost is $15,000.
|