The total manufacturing cost for the month of October when 500 units of Product Z are produced is $37,500.
To calculate the total manufacturing cost, we need to consider the prime cost, direct material cost, and conversion cost.
Prime cost is the sum of direct material and direct labor costs. In this case, the prime cost is $35 (direct material) + $0 (direct labor) = $35 per unit.
Conversion cost is the sum of direct labor and manufacturing overhead costs. Here, the conversion cost is $0 (direct labor) + $10 (manufacturing overhead) = $10 per unit.
To find the total manufacturing cost for 500 units, we multiply the total cost per unit ($35 + $10) by the number of units produced, resulting in $45 * 500 = $22,500.
Adding the prime cost and conversion cost gives us the total manufacturing cost: $35,000 + $2,500 = $37,500.
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The total manufacturing cost for the month of October when 500 units of Product Z are produced is $60,000.
Explanation:The total manufacturing cost for the month of October when 500 units of Product Z are produced can be calculated by adding the prime cost, direct material, conversion cost, and manufacturing overhead for each unit and multiplying it by the total number of units produced.
Prime cost + Direct material + Conversion cost + Manufacturing overhead = Total manufacturing cost per unit
Total manufacturing cost per unit x Number of units produced = Total manufacturing cost for the month
In this case, the total manufacturing cost per unit is $50 + $35 + $25 + $10 = $120.
Therefore, the total manufacturing cost for the month of October when 500 units of Product Z are produced is $120 x 500 = $60,000.
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How do i go to the questions page so i can answer other people questions?
Answer:
You can either go to someone's question and scroll all the way down till you see a good amount of questions to answer. ( that's how I found yours :)))
Another way is you just click the brainly logo up top (mines is in the top left corner) and then scroll down a bit and there will be a list of questions you can answer. You can choose what subject of questions you would like to look at to answer!!
Hope this helps you!!!
Have a blessed day/night <33
Explanation:
Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.
Year 1:
Sold $1,346,200 of merchandise (that had cost $976,400) on credit, terms n/30.
Wrote off $20,700 of uncollectible accounts receivable.Received $670,500 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 2.00% of accounts receivable would be uncollectible.
Year 2:
Sold $1,599,900 of merchandise (that had cost $1,304,800) on credit, terms n/30.
Wrote off $28,300 of uncollectible accounts receivable.
Received $1,219,300 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 2.00% of accounts receivable would be uncollectible.
Required:
Prepare journal entries to record Liang’s Year 1 and Year 2 summarized transactions and its year-end adjustments to record bad debts expense.
Answer:
General Journal
Debit
Credit
a(1)
Accounts receivable
$1,349,100
Sales
$1,349,100
a(2)
Cost of goods sold
$977,100
Merchandise inventory
$977,100
b
Allowance for doubtful accounts
$18,100
Accounts Receivable
$18,100
c
Cash
$669,200
Accounts Receivable
$669,200
d
Bad Debt
Expense
[Refer working note 1]
$35,307
Allowance for doubtful accounts
$35,307
e(1)
Accounts receivable
$1,514,600
Sales
$1,514,600
e(2)
Cost of goods sold
$1,299,000
Merchandise inventory
$1,299,000
f
Allowance for doubtful accounts
$26,700
Accounts Receivable
$26,700
g
Cash
$1,110,700
Accounts Receivable
$1,110,700
h
Bad Debt
Expense
[Refer working note 2]
$36,507
Allowance for doubtful accounts
$36,507
.
.
Working note 1 - Computation of bad debt expense for the
year 1
Accounts receivables beginning balance
$0
Add: Credit sales
$1,349,100
Less: Collections
($669,200)
Less: Write-off's
($18,100)
Accounts receivables ending
balance
(a)
Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry
The journal entry will be:
Debit: Accounts Receivable 2766
Credit: Sales 5000
Debit: Discounts Allowed 317
Credit: Trade Discount Allowed 300
Credit: Cash Discount Allowed 17
How to depict the journal entry?To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.
The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:
5000 x 6% = 300
The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:
(5000 - 300) x 1% = 17
The total discounts is trade discount + cash discount
300 + 17 = 317
The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:
(5000 - 317) x 60% = 2766
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nal Accounts Section Sales Cost of sales Rent income Interest on fixed deposit Directors' fees Salaries and wages Bad debts Audit fees Bank (ts) Advertising Consumable stores A. Sundry expenses Ordinary share dividends ADJUSTMENTS AND ADDITIONAL INFORMATION: 750 000 15 450 000 1 230 000 1315 150 24 000 147 600 975 000 80 800 560 000 368 20 Selling prices are determined by using a mark-up of 40% on cost Note: Trade discounts of R130 000 were allowed to special customers the financial year. in me paffo Sales. How are sales calculated
The overall sales for the fiscal year are 21,500,000, according to the information provided.
What is the fiscal year?A fiscal year is a 12-month period used by businesses and governments for financial reporting and budgeting purposes. It does not necessarily coincide with the calendar year and can start on any date. The fiscal year is used to report financial results and tax obligations to the government, and it is important to follow it accurately to ensure that all financial reporting is consistent and accurate.
Based on the information provided, the total sales can be calculated as follows:
The total cost of sales = 15,450,000
Markup on cost = 40%
Total markup = 40% of 15,450,000
= 6,180,000
The total cost of goods sold (COGS) = Total cost of sales + Total markup
= 15,450,000 + 6,180,000
= 21,630,000
To calculate the total sales, we need to subtract any discounts given to customers from the COGS:
Total sales = Total cost of goods sold - Trade discounts
= 21,630,000 - 130,000
= 21,500,000
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Which of the following is NOT an example of how an implied contract may become binding?a. Telling employees their jobs are secure as long as they perform satisfactorily and are loyal to the organizationb. Failing to create an employee handbook or conducting performance appraisals on a routine basisc. Stating in the employee handbook that employees will not be terminated without the right of defense or access to an appeal procedured. Urging an employee to leave another organization by promising higher wages andbenefits, then reneging on those promises after the person has been hired
The option C, stating in the employee handbook that employees will not be terminated without the right of defense or access to an appeal procedure.
This is an example of an express contract, which is a contract that is explicitly stated and agreed upon by both parties. Implied contracts, on the other hand, are created through actions and behavior rather than explicit agreements. Options A, B, and D are all examples of how an implied contract may become binding. In option A, the employer's statement implies that job security is contingent upon satisfactory performance and loyalty. In option B, the employer's failure to provide an employee handbook or conduct performance appraisals creates an implied agreement that employees will not be terminated without cause. In option D, the employer's promise of higher wages and benefits creates an implied agreement that the employee will be fairly compensated.
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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given up in the production of another good.
Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
using data to demonstrate the connections between implemented hr practices and agency performance is
Using data to demonstrate connections between implemented HR practices and agency performance is referred to as "HR analytics".
The HR analytics involves collecting, analyzing, and interpreting data related to HR practices, employee behavior, and organizational performance to gain insights and make data-driven decisions.
By examining the data, organizations can identify correlations, trends, and patterns that help establish the impact of specific HR practices on agency performance.
This approach enables organizations to measure the effectiveness of their HR strategies, identify areas for improvement, and make informed decisions to optimize HR practices and ultimately enhance agency performance.
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The given question is incomplete, the complete question is
Using data to demonstrate the connections between implemented hr practices and agency performance is called as ?
what are soft skills ? Explain them appropriate examples.
Soft skills are a set of personal attributes, such as personality traits, attitudes, and social intelligence, that enables an individual to interact effectively and harmoniously with others. These skills are not related to specific knowledge or technical abilities, but rather are related to how an individual interacts with others and approaches their work.
Some soft skills and their examples are:
1. Communication: the ability to effectively convey ideas and thoughts to others.
An employee with strong communication skills will be able to effectively convey their ideas and thoughts to their colleagues and managers.2. Teamwork: the ability to collaborate effectively with others and contribute to a positive team dynamic.
A team member with strong teamwork skills will be able to collaborate effectively with others and contribute to a positive team dynamic.3. Problem-solving: the ability to analyze situations and come up with effective solutions.
An individual with strong problem-solving skills will be able to analyze situations and come up with effective solutions.4. Time management: the ability to prioritize tasks and meet deadlines.
A worker who is skilled in time management will be able to prioritize tasks and meet deadlines.5. Leadership: the ability to guide and motivate a team to achieve common goals.
A leader with strong leadership skills will be able to guide and motivate their team to achieve common goals.To learn more about soft skills:
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The development of market power by a firm is considered to be a market failure because firms with market power will
What are some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution
Some of the core values and beliefs that led to the American Revolution and the writing of the US Constitution include:
1. **Individual liberty and rights**: The American Revolution was driven by a desire for individual freedoms and rights. The colonists believed in the inherent rights of individuals, such as life, liberty, and the pursuit of happiness, and they sought to protect these rights from infringement by a government.
2. **Self-governance and democracy**: The colonists advocated for self-governance and the right to have a say in the laws and policies that affected their lives. They rejected the idea of being governed by a distant monarchy and sought to establish a democratic system where power resided with the people.
3. **Limited government and rule of law**: The colonists believed in the concept of limited government, where the powers of the government are clearly defined and restricted to prevent abuse. They advocated for the rule of law, where all individuals, including government officials, are subject to and must abide by the law.
4. **Equality and fairness**: The ideals of equality and fairness played a significant role in the American Revolution. The colonists were frustrated with perceived injustices, such as unequal taxation and lack of representation, and sought to establish a system that treated all individuals fairly and equally under the law.
5. **Separation of powers and checks and balances**: The framers of the US Constitution emphasized the importance of separating powers among different branches of government (legislative, executive, and judicial) to prevent the concentration of power in one entity. They also established a system of checks and balances, allowing each branch to limit and oversee the actions of the others.
These core values and beliefs continue to shape the foundation of the United States and its democratic system, serving as guiding principles for governance, individual rights, and the pursuit of a more perfect union.
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jones company wants to improve its debt equity ratio and offers holders of convertible bonds additional consideration for converting their bonds to common stock. during 20x1, the company paid $500,000 for such consideration. this amount should be
During 20X1, the company paid $500,000 for such consideration this amount should have same interest rates and at same maturity.
What happens when a bond is converted?The fundamental features of a bond are maintained when it is converted. The ownership, maturity date, interest rate, and interest payment schedule are all the same as they were previously. Converting a bond is not a taxable event as long as it is still producing interest.
In order to increase its debt-to-equity ratio, Jones Company is offering holders of convertible bonds extra compensation in exchange for converting their bonds into common stock. The corporation paid $500,000 in 20X1 for the consideration that the money should have the same interest rate and maturity. Therefore, the bonds can be concverted into stocks.
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answer this question plz I don't know it
Answer:
1st: a
2nd: a
3rd: a
Explanation:
Answer:
share with your parents and other family members about this lesson your family may be interested about your atory your trimphs and struggles use this lesson on developing your academic andpersonal social skills your strengths and weaknesses can be a factor that can influence your decisions in the future
which of the following philosophies is focused primarily on cutting costs? A) marketing philosophy
B) production philosophy
C) product philosophy
D) societal philosophy
E) sales philosophy
The philosophy that is primarily focused on cutting costs is the Production philosophy.
What is Production philosophy? The production philosophy is a marketing strategy in which the company focuses on the output of its products. This philosophy aims to increase efficiency and reduce production costs. Production philosophy's main goal is to focus on cutting costs, streamlining the manufacturing process, and making the product affordable. With a low cost of production, the product is then priced low enough for customers to buy it.
The philosophy that is primarily focused on cutting costs is the Production philosophy. This is a marketing strategy in which the company focuses on the output of its products. The main goal of the production philosophy is to cut costs by streamlining the manufacturing process and making the product affordable. With a low cost of production, the product is then priced low enough for customers to buy it.
The production philosophy focuses on cutting costs by streamlining the manufacturing process. The goal of the production philosophy is to make the product affordable for customers by reducing the cost of production. This is achieved by optimizing the manufacturing process and reducing waste. By using the production philosophy, companies can achieve economies of scale and lower production costs. By lowering production costs, companies can make their products affordable for customers. The production philosophy is an effective way to increase efficiency, reduce costs, and improve the bottom line. Companies that use the production philosophy can produce high-quality products at a lower cost, making them more competitive in the market
The production philosophy is primarily focused on cutting costs by streamlining the manufacturing process. The production philosophy aims to increase efficiency and reduce production costs. By using this philosophy, companies can make their products affordable for customers by lowering the cost of production. This is an effective way to improve the bottom line and remain competitive in the market.
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If the auditor fails to obtain a management representation letter, she can still issue an unqualified audit opinion without modifications if she obtains adequate evidence through other sources.
Tru/false
False.
If the auditor fails to obtain a management representation letter, it is typically considered a significant departure from generally accepted auditing standards (GAAS).
The management representation letter is a crucial piece of evidence that provides management's written assertions about the financial statements, their knowledge of any fraud or illegal acts, and their acknowledgment of their responsibility for the financial statements.
Without obtaining a management representation letter, the auditor may lack important information and assurances necessary to support their audit conclusions.
In such a case, the auditor would generally not be able to issue an unqualified audit opinion without modifications.
The absence of a management representation letter may result in a scope limitation, which would likely require the auditor to modify their opinion or issue a qualified, adverse, or disclaimer of opinion, depending on the significance of the limitation and its impact on the financial statements.
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The given statement "If the auditor fails to obtain a management representation letter, she can still issue an unqualified audit opinion without modifications if she obtains adequate evidence through other sources." is False.
If the auditor fails to obtain a management representation letter, it is not possible to issue an unqualified audit opinion without modifications solely based on obtaining adequate evidence through other sources.
The management representation letter is a crucial component of the audit process and serves as a formal acknowledgement from management regarding their responsibilities and the information provided to the auditor.
The management representation letter includes assertions made by management regarding the financial statements, completeness of information, compliance with laws and regulations, and other relevant matters.
It provides the auditor with important information and is considered a primary source of evidence regarding management's position and responsibilities.
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Reasons for looting
Answer:
if anyone do something wrong
Answer:
There are several reasons people loot, the most common being a retaliation against someone or something ( an anger towards a business or company ) and leads to plundering the goods of a store or shop. It's also a sad but common theme to loot after natural disasters, such as a hurricane or earthquake. Less common is looting in war, and the only reason it's less common is because fortunately we don't have any wars at the immediate moment
When determining if a website should use a split test, it should ensure that it has enougha. Average Time On Siteb. Pageviews Per Visitc. Bounce Rated. Number of Website Visitors
When determining if a website should use a split test, it should ensure that it has enough data to make statistically significant conclusions. Hence, the correct option is D.
This means that it should have enough traffic to ensure that the results of the test are reliable. Therefore, the most important factor to consider when deciding whether to use a split test is the number of website visitors. However, other factors such as average time on site, pageviews per visit, and bounce rate can also be useful indicators of the overall health of the website and its ability to support split testing.
Ultimately, the goal is to have enough data to make confident decisions about which version of a website is performing better and driving the desired actions from visitors.
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What should a company consider when choosing a celebrity to endorse its products? Explain.
yoinkers my dude, take some and pass on.
Answer:
l
Explanation:
Answer:
u serious my dude
Explanation:
opaz exchanged 10,000 shares of its common stock, when those chares had a total market value of $560,000 for all of Opal common shares. Topaz also incurred merger costs of $55,000 and stock issuance costs of $40,000 related to the acquisition. Which of the following is the journal entry in the books of Topaz to record the merger and stock issue costs related to acquisition
Topaz would make the following journal entry to document the expenses of the merger and stock issuance associated with the acquisition: Debit: Debit Stock Issue Costs $40,000, Debit Merger Costs $55,000, and Credit Cash $95,000.
Topaz would make the following journal entry to document the expenses of the merger and stock issuance associated with the acquisition:
Debit Merger Expenses totaling $55,000
Expenses of Debit Stock Issue total $40,000
Credit Cash has a $95,000 balance.
The $55,000 and $40,000 charges are being written off since the corporation does not view them as assets; as a result, they will be recorded as expenses in Topaz's books. The entire cost spent by Topaz in connection with the purchase of Opal common shares is $95,000, which is deposited to the Cash account. This entry represents the decrease in the cash balance brought on by the acquisition-related costs.
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What others changes could lisa make possitively affect her budget
Some other changes that Lisa can make to positively affect her budget include:
Setting up budgeting goalsSetting up a monthly review How can be budget better?You did not include the whole question so I will give a general overview.
In order to be able to come up with a good budget, one thing that we need to do is to set up some budgeting goals. We need to figure out why we are budgeting and what we hope to gain for it. Having a reason for budgeting makes it easier to budget because we know what we are working towards.
It is also important to set up a monthly review of our budget to see how well we are doing with it. This monthly review will show if we are sticking to the budget and what we can do to be better at the budgeting process. Budgeting is not easy the first couple of times so we need a review to keep us on track.
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If this price is increased by %, what is the approximate percentage change in demand?
Price elasticity is a measure of how responsive the quantity demanded or supplied of a good is to a change in its price. It is computed by dividing the percentage change in quantity demanded (or supplied) by the percentage change in price.
Elasticity can be categorized into five broad groups: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary. A demand or supply is considered elastic if the elasticity is greater than one, which means that there is a high responsiveness to changes in price.
Unitary elasticity is when the percentage change in quantity demanded (or supplied) is equal to the percentage change in price.
Understanding price elasticity is crucial in economics as it helps determine the behavior of consumers and producers in response to changes in price.
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as commercial banks keep more excess reserves, money creation
When commercial banks keep more excess reserves, it reduces their ability to create new money through fractional reserve banking, which can impact the overall money supply, interest rates, and economic activity.
When commercial banks keep more excess reserves, it affects the money creation process. Excess reserves are the funds that banks hold above the required reserve ratio set by the central bank. These reserves are not lent out to borrowers and are instead kept as a precautionary measure to meet unexpected withdrawals or financial crises.
By keeping more excess reserves, banks reduce their ability to create new money through the process of fractional reserve banking. Fractional reserve banking allows banks to lend out a portion of the deposits they receive, thereby creating new money in the economy.
When banks hold more excess reserves, they have less money available to lend, which reduces the amount of new money created in the economy. This can have implications for the overall money supply, interest rates, and economic activity.
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Which statement best describes the circular flow of an economy?
the flow between businesses and resources
the exchange of money, goods, and services in an economy
a circular flow happens only in a resource market
a circular flow happens only in a goods and services market
Answer:
C
Explanation:
The statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.
According to the economic perspective, circular flow refers to the money flow and the resources i.e. goods and services lies between the people in which there is an exchange of resources that could be done in return for the money.
It involved two types of market i.e. factors and goods and in these two markets, the resources should be provided in order to receive the monetary value.
The following statements represent the circular flow of an economy:
It does not have a flow between the business and resources.It does not have the flow only in the resource market.It does not have the flow only in the goods and services market.Therefore we can conclude that the statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.
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Communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources.a. Trueb. False
Communist nations operated under the theory that decision-makers in the government were in the best position to distribute the economy's limited resources. It's accurate.
A system of interconnected production, consumption, and trade activities is called an economy, and it ultimately determines how resources are distributed among all of the players. To meet the requirements of persons residing in and participating in the economy, commodities and services are produced, consumed, and distributed.
The majority of the US economy is market-based. Producers choose what is produced and sold, as well as the pricing to charge. Producing what customers want and charging what customers are willing to pay are prerequisites for success.
Prices and overall production are governed by the principles of supply and demand through these choices. Production typically expands to meet demand when customer demand for a particular product rises. Prices grow as a result of the higher demand, and eventually consumers become uncomfortable and reduce their purchases. Prices will then start to drop along with the reduction in demand for the goods.
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What is the Importance of sales promotion
A business that takes its name and characteristics from an existing business chain.
Answer:
a franchise business is the correct answer
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. solve the problem using quarters, as opposed to forecasting separate months.
The forecast of IV quarter using a three- quarter WMA is:
1031.25
The actual sales of recent quarter i.e., 3rd of present year is as below:
350 + 275 + 350 = 975
The actual sales of 2nd recent quarter is as below:
425 + 400 + 350 = 1175
The actual sales of 1st recent quarter is as below:
275 + 375 + 350 = 1000
Now, calculate the forecast of IV quarter using a three- quarter WMA as below,
Forecast for the quarter IV using WMA :
=> 0.5 × 975 + 0.25 × 1175 + 0.25× 1000
=> 487.5 + 293.75 + 250
=> 1031.25
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The given question is incomplete, complete question is:
Here are the data for the past 21 months for actual sales of a particular product:
LAST YEAR THIS YEAR January 300 275 February 400 375 March 425 350 April 450 425 May 400 400 June 460 350 July 400 350 August 300 275 September 375 350 October 500 November 550 December 500
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter .5, the second most recent .25, and the third .25. Solve the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)
Forecast for the fourth quarter
An article in a newspaper explains that a new business is about to open.
Answer:
So what's the question......??????
If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school
option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.
Why is it?
You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.
The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.
Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.
Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.
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