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The Carbondale Hospital is considering thepurchase of a new ambulance. The decision will rest partly on theanticipated mileage to be driven next year. The miles driven duringthe past 5 years are as follows. Year Mileage 1 2,9002 4,0003 3,2004 4,4005 3,700
(a) Forecast the mileage for next year using a2-year moving average.
(b) Find the MAD for your forecast in part(a).
(c) Use a weighted 2-year moving average withweights of .4 and .6 to forecast next year's mileage. (Theweight of .6 is for the most recent year.)
What is the MAD of this forecast?
(d) Compute the forecast for year 6 usingexponential smoothing, an initial forecast for year 1 of 2,900miles.
Nelson Company purchased equipment on July 1 for $27,500 and decided to depreciate the equipment on the straight-line method over its useful life of five years. Assuming the equipment's salvage value is $3,500, the amount of monthly depreciation e..
Which of the following 3 bonds should I invest in assuming a 7% interst rate? Please show how you manually calculated this.
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first five years. Make sure all columns and rows are properly labeled.
John has been offered a job in New York City at a salary of $50,000 per year. Currently, John lives and works in the Midwest at a salary of $35,000 per year.
In Henderson Company, 50,000 units are produced and 40,000 units are sold. Variable manufacturing costs per unit are $6 and fixed manufacturing costs are $120,000. the cost of the ending finished goods inventory under each costing approach is:
Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, Staley used 3,100 pounds of materials at a total cost of $12,090. Staley's materials price variance is:
The conversion price of CRX's convertible ($1,000 par) subordinated debentures is $40 and the present market price of CRX common stock is $48.
During 2012, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Cincinnati, Ohio, and earned $22,000. The state unemployment rate for Rowland is 4.6%.
Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%.
Using the installment sales method determine the amount of income recognized in the first and second years. You may ignore the interest income.
The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below..
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
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