assume that january sales for the fourth year turn out to be $295,000. what was your forecast error? if this error is large, karen may be puzzled about the difference between your forecast and the actual sales value. what can you do to resolve her uncertainty about the forecasting procedure?
Answers
Assuming that January sales for the fourth year turn out to be $295,000, to calculate your forecast error, you first need to know your initial sales forecast for that month. Suppose your initial forecast was $280,000. To calculate the forecast error, use the following formula:
Forecast Error = Actual Sales - Forecasted Sales
In this case:
Forecast Error = $295,000 - $280,000
Forecast Error = $15,000
If this error is large and Karen is puzzled about the difference between your forecast and the actual sales value, you can resolve her uncertainty about the forecasting procedure by doing the following:
1. Review the factors and assumptions used in your forecasting model. Identify any changes in the market or business environment that could have contributed to the error.
2. Assess the accuracy of the data used in your forecasting model. Verify that the data sources are reliable and up-to-date.
3. Analyze any historical patterns of forecast errors. This can help you identify systematic biases or weaknesses in your forecasting model.
4. Update your forecasting model to account for new information and trends. Regularly revising your model can help improve its accuracy over time.
5. Communicate clearly with Karen about the inherent uncertainties in forecasting, and explain that no model can predict the future perfectly. This can help manage her expectations and build trust in your forecasting process.
By following these steps, you can work to improve your forecasting procedure and resolve Karen's uncertainty about the accuracy of your forecasts.
To know more about refer forecast error here
brainly.com/question/17087834#
#SPJ11
Related Questions
explain the meaning of personal account,real account and nominal account,give five examples each
Answers
Answer:
An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account
Which of the following is not an example of professional behavior
?
Answers
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Additional Information Check No. 5904 is correctly drawn for $2,090 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded.
Answers
Answer:
Requirement: Prepare the September 2015 bank reconciliation for this company. Note: Missing table are attached as picture below
Adjusted Bank Balance
Bank statement balance $18,453.25
Add: Deposit in transit $1,682.75
$20,136
Less: Outstanding checks
CH #5893 $494.25
CH #5906 $982.30
CH #5908 $388.00 $1,864.55
Adjusted Bank Balance $18,271.45
Adjusted Book Balance
Books Balance $17,404.20
Add: Collect $1500 note, Less $15 $1,485
Interest earned $12.50
$18,901.70
Less: NSF Check $600.25
Error in entry in check #904 $30
Adjusted Book Balance $18,271.45
Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing $565 $1200 Food $545 $655 Health Care $245 $495 Taxes $450 $625 Other Necessities $350 $495 Monthly Total How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765
Answers
Answer:
Total monthly saving = $1,315
Explanation:
Given:
Oakland Los Angeles
Cost Housing $565 $1200
Food $545 $655
Health Care $245 $495
Taxes $450 $625
Other Necessities $350 $495
Find:
Total monthly saving
Computation:
Saving in house = $1200 - $565 = $635
Saving in food = $655 - $545 = $110
Saving in health care = $495 - $245 = $250
Saving in taxes = $625 - $450 = $175
Saving in necessities = $495 - $350 = $145
Total monthly saving = $635+$110+$250+$175+$145
Total monthly saving = $1,315
Answer:
A) $1,315
Explanation:
I took the test on Edge
Jamara has started a home party business that hosts parties and those attending paint signs. Jamara must pay $500 a year to be a representative for Paint A Sign. In addition, Jamara buys all the materials for the parties, including the metal base, the paints, brushes, stencils, and transfers. Currently, these items all add up to $10 on average. Jamara charges each participant $25 for each sign they make. For Jamara's Paint A Sign business, the $500 is a fixed cost per year. Which of the following is true?
Answers:
a. Jamara will pay the Paint A Sign company $500 regardless of the number of parties she hosts.
b. Jamara will lose money if she has less than 100 participants a year.
c. Jamara's annual fixed costs will be higher than her variable costs regardless of the number of participants.
d. Jamara will have to pay Paint A Sign $500 for every party she hosts.
Answers
Answer:
The correct answer is A. Jamara will pay the Paint A Sign company $500 regardless of the number of parties she hosts.
Explanation:
Since Jamara has started a home party business that hosts parties and those attending paint signs, and she must pay $ 500 a year to be a representative for Paint A Sign, and in addition, Jamara buys all the materials for the parties, including the metal base, the paints, brushes, stencils, and transfers, and currently, these items all add up to $ 10 on average, and Jamara charges each participant $ 25 for each sign they make, and for Jamara's Paint A Sign business, the $ 500 is a fixed cost per year, to determine which of the options is true, the following calculations must be performed:
500 = fixed costs
(100 x 25) - 10 x 100 - 500
2500 - 1000 - 500 = 1000
Therefore, since $ 500 is annual fixed costs regardless of the number of parties that are held, Option A is correct.
how does throwaway culture impact the environment
Answers
Answer: It has impacted the environment in a negative way.
Explanation: This type of culture has negatively impacted the environment since nowadays a series of objects are created with various natural resources in order for people to use them but get rid of them once and for all. This is bad for the planet as several of these objects take time to break down and end up becoming harmful to the environment.
who has to file a tax return highlight more than one correct answer
Answers
If they earn more than a particular amount for the year, the majority of American citizens and permanent residents who work in the country must file a tax return.
What are tax returns?Tax returns are statements submitted to the Internal Revenue Service (IRS) or the state or local tax collecting agency in the United States that include data necessary to compute income tax or other taxes. Typically, tax returns are completed using forms that have been mandated by the IRS or another relevant taxing authority. Tax returns, in the more specific sense, are reports of tax obligations and payments that frequently include financial data used to calculate the tax. IRS Form 1040 is a widely used federal tax form. The information in a tax return allows the taxing authority to verify the taxpayer's computations or to compute the amount of tax due in cases when the taxpayer is not required to do so.
To learn more about tax returns, visit:
https://brainly.com/question/29415466
#SPJ1
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUAnnoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
Visit
https://brainly.com/question/989103
Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.
Answers
Answer:
Country A
Explanation:
Based on the data in the table, has the absolute advantage in producing petroleum is country A.
What is absolute advantage?
A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.
To learn more about absolute advantage, please check: https://brainly.com/question/25812820
Suppose that Roots' marginal cost of a jacket is a constant $100.00 and the total fixed cost at one of its stores is $1 comma 000 a day. This store sells 15 jackets a day, which is its profit-maximizing number of jackets. Then the stores nearby start to advertise their jackets. The Roots store now spends $2 comma 000 a day advertising its jackets, and its profit-maximizing number of jackets sold jumps to 55 a day. What is this store's average total cost of a jacket sold before the advertising begins and after the advertising begins. >>> Answer to 2 decimal places. Can you say what happens to the price of a Roots jacket, Roots' markup, and Roots' economy?
Answers
Answer:
What is this store's average total cost of a jacket sold before the advertising begins and after the advertising begins.
before advertising costs increase:
marginal cost is constant, so we can state that the total variable costs are $100 per jacket
total fixed costs = $1,000 per day / 15 jackets = $66.67 per jacket
average total cost per jacket before increasing advertising expense = $100 + $66.67 =) $166.67
after advertising costs increase:
total variable costs are $100 per jacket
total fixed costs = $2,000 per day / 55 jackets = $36.36 per jacket
average total cost per jacket after increasing advertising expense = $100 + $36.36 =) $136.36
Can you say what happens to the price of a Roots jacket, Roots' markup, and Roots' economy?
Roots is experiencing economies of scale since average total cost per jacket decreased as the total number of jackets sold increased. But in order to sell that new amount of jackets, their price probably decreased. If the price hadn't changed, then the profit maximizing number of jackets sold per day would be close to 30, but it clearly isn't. That means that the company's markup decreased, but the company is now better off since it is maximizing its profits even though its expenses increased and the markup decreased.
Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places. Click here to access the income tax rate schedules. Kana's 2018 income tax liability: $ Kana's minimum required 2018 annual payment necessary to avoid any penalty: $
Answers
Answer:
A.$47,439.50
B.$40,020.20
Explanation:
A.Calculation for 2018 income tax liability
Since we are told Kana has a taxable income of the amount of $205,000 and she is as well a single wage earner which means that her income tax will be $45,689.50 including 35% tax rate reason been that her taxable income is above $200,000
Hence,
First step
Kana Taxable income of $205,000 - $200,000
= $5,000
Second step
$5,000 x 35%
= $1,750
Third step is to calculate Kana 2018 income tax liability
2018 Income tax liability=$1,750 + $45,689.50
2018 Income tax liability= $47,439.50
Therefore Kana's 2018 income tax liability will be $47,439.50
B. Calculation for Kana's minimum required 2018 annual payment to avoid penalty
Based on the information given we were told that her 2017 taxable income was the amount of $155,000 while her tax liability was the amount of $36,382 which means that since her Taxable income of the amount of $155,000 is higher than the maximum amount of $150,000 which means we have to multiply Kana tax liability of the amount of $36,382 by 110%
Hence,
Kana's minimum required 2018 annual payment=$36,382 x 110%
Kana's minimum required 2018 annual payment= $40,020.20
Therefore Kana's minimum required 2018 annual payment necessary to avoid any penalty will be $40,020.20
Can't we run a business without training?
Answers
yes definitely.......
The _____ is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses.
Answers
Answer:
international monetary fund
Explanation:
The international monetary fund is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses.
What is international monetary fund?The IMF is a group of 189 member nations that seeks to promote international monetary cooperation, ensure financial stability, ease trade between nations, encourage high employment and long-term economic growth, and lessen poverty worldwide.
The IMF offers financial support and collaborates with nations to guarantee prudent spending. The IMF provides a range of loans that are specifically suited to the needs and unique circumstances of each nation. Low-income nations receive loans with zero interest.
Their methods for attaining this common objective are complementary: the World Bank focuses on long-term economic development and poverty reduction, while the IMF emphasizes macroeconomic and financial stability.
Thus, international monetary fund.
For more information about international monetary fund, click here:
https://brainly.com/question/30052429
#SPJ2
Why is it good to be organized?
Answers
Answer:
its good to be organized to feel like you have your life together. it makes it easier to find things and makes you feel less stressed and anxious when the area youre in is organized and clean
Because when you are organized things are easier, you have an organized sleep schedule and your school things and papers are organized so it's easier to know where everything is. Also when you are organized you'll notice some things would run smoother than it would when you aren't organized. But you have to want to be organized.
the belief that goods give meaning to individuals and their roles in society is called
Answers
looking at the pros and cons for each of the standard decision making types, which would be the most effective overall method? Justify your answer
Answers
Answer:
Directive Decision making
Analytical Decision Making
Explanation:
There are various types of Standard decision making. Directive decision making is more on past experiences and there is very low tolerance for ambiguity. Analytical decision making is the decision which is based on facts and figures. The decisions are made based on reliable information only.
The pros and cons for directive decision making is managers can not make quick decisions when they face new problems where they have to apply their analytical skills.
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
the amount of money you may earn over time is called
Answers
The amount of money you may earn over time is called Future Earnings Potential. Amount that you might make in your lifetime. Demographics. Individual traits like age, gender, race, income, and so forth.
What is Future Earnings Potential?
Earning potential is the anticipated increase in total return that an investor might anticipate from holding an investment (capital gains plus dividends and cash flows). Ratio analysis is a tool used by fundamental analysts to estimate a company's earning potential for investors.
Total future values of your contracts less your compensation, the payroll of the company, and other fixed costs. Your projected future business income is represented by the resulting number.
Let's start with the definition of your earning potential (income potential): this is the sum of money you should be able to accumulate over the course of a certain period of time. In other words, this is a reference to your potential for financial gain. Earning potentials are often determined by the highest wage in a given industry or profession.
To learn more about Future Earnings Potential visit:https://brainly.com/question/25671575
#SPJ9
How do customers find out about Donny Ouyang's company
Answers
Answer:
People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.
Explanation:
GOT A 100% ON EDGE
HAVE A NICE DAY!!!
PLEASE MARK AS BRAINLIEST
National defense is a classic example of a public good because a. there is no market for private security services b. it is difficult to exclude people from receiving the benefits from national defense once it is provided. c. everyone agrees that some level of national defense is important, but only the government knows the optimal amount. d. there are no private firms willing to supply defense goods such as tanks and weapons.
Answers
The correct answer is b. National defense is a classic example of a public good because it is difficult to exclude people from receiving the benefits once it is provided. This means that everyone in a society benefits from national defense, regardless of whether or not they contribute to its funding.
This is because national defense is essential for the protection and security of a nation, and it is a necessary public good that cannot be left to the private sector. While there may be private firms that supply defense goods, the provision of national defense is ultimately the responsibility of the government, as only the government knows the optimal amount needed for the country's security. Therefore, national defense is an important public good that ensures the safety and protection of a nation and its citizens.
To learn more about "National defense" visit: https://brainly.com/question/30325345
#SPJ11
2. Farmer Jane owns 60 acres of land. She is going to plant each with wheat or corn. Each acre planted with wheat yields $100 profit; each with corn yields $120 profit. The labor and fertilizer used for each acre are given in Table 1. 120 workers and 80 tons of fertilizer are available. Table 1: Problem Farmer Jane Wheat Corn Labor 2 workers 3 workers Fertilizer 2 tons 1 tons a. Formulate the linear programming that would help farmer Jane to maximize profits from her land. b. Solve the model using the graphical method.
Answers
Total land: x + y <= 60
Labor: 2x + 3y <= 120 (workers)
Fertilizer: 2x + y <= 80 (tons)
Non-negativity: x >= 0, y >= 0
How to solve
a. Formulate the linear programming:
Let x = number of acres of wheat, y = number of acres of corn.
Objective function: Maximize profit, P = 100x + 120y
Constraints:
Total land: x + y <= 60
Labor: 2x + 3y <= 120 (workers)
Fertilizer: 2x + y <= 80 (tons)
Non-negativity: x >= 0, y >= 0
b. Solve the model using the graphical method:
Plot the constraints on a graph and identify the feasible region.
Find the vertices of the feasible region.
Calculate the profit at each vertex.
The vertex with the highest profit is the optimal solution.
Read more about linear programming here:
https://brainly.com/question/14309521
#SPJ1
What are items such as health insurance, life insurance, sick days, vacation time, and retirement savings called when provided by an employer?
A. paybacks
B. benefits
C. payroll
D. bonuses
Answers
Work out how much the repainmt of a £350000 Mortgage with a 10% deposit would be over twenty-five years at an interest rate of 4.5%?
Answers
Answer:
£1,945.41
Explanation:
we can use the present value of an annuity formula to solve this question:
present value of an annuity = monthly payment x present value annuity factor
monthly payment = present value of an annuity / present value annuity factor
present value of an annuity = 350,000present value annuity factor, 0.375% (4.5%/12), 300 periods (25 x 12) = 179.9107monthly payment = 350,000 / 179.9107 = 1,945.41
two difference between purchasing shares on the stock market and saving in a commercial bank
Answers
The main difference between investment banking and commercial banking is that investment banking typically deals with purchasing and selling bonds and stocks for companies , and also helping them issue IPOs , while commercial banks primarily deal with deposits or loans for companies or individuals .
Plss follow me and Mark as brainlest. Thanks :-)
Commercial banks accept deposits, make loans, protect assets, and serve a wide range of customers, including the general public and businesses. In contrast, investment banks serve large corporations and institutional investors.
What commercial bank means?A commercial bank is a financial institution that accepts deposits from customers and provides loans and other services. Commercial banks offer basic banking services to their customers as well as small and medium-sized businesses.
One of the primary functions of an investment bank is to act as a go-between for corporations and investors via initial public offerings (IPOs). When a company decides to go public and seeks equity funding, investment banks offer underwriting services for new stock issues.
Learn more about the stock market and saving in a commercial bank here:
https://brainly.com/question/27385372
#SPJ3
Leonard and Carl are both managers at a home improvement store.Leonard oversees the flooring, lighting, appliances, and hardwaredepartments. Carl provides each of these departments with adviceand support in the areas of finance and human resources. Which ofthe following is true regarding Leonard and Carl's roles in thecompany?Leonard is a line manager, while Carl is a staff manager.Leonard is a staff manager, while Carl is a line manager.Carl has direct authority over Leonard and his subordinates.Carl does not have direct authority over subordinates in thefinance and human resources departments.Leonard and Carl are both line managers who focus on their areaof expertise in the operation of the business.
Answers
Leonard and Carl are both managers at a home improvement store. Leonard oversees the flooring, lighting, appliances, and hardware departments. Carl provides each of these departments with advice and support in the areas of finance and human resources.
Which of the following is true regarding Leonard and Carl's roles in the company?
Leonard is a line manager, while Carl is a staff manager. Leonard is a staff manager, while Carl is a line manager. Carl has direct authority over Leonard and his subordinates. Carl does not have direct authority over subordinates in the finance and human resources departments. Leonard and Carl are both line managers who focus on their area of expertise in the operation of the business.
The correct answer to the given question is: Leonard is a line manager, while Carl is a staff manager.
Learn more about subordinate here:
https://brainly.com/question/14307787
#SPJ11
what is a business plan
Answers
Answer:
a document setting out a business's future objectives and strategies for achieving them
Explanation:
one major difference between mainstream and environmental economics is that mainstream economics assumes that waste can be disposed of in a(n) system. a. circular b. open-loop c. two-way d. linear e. bilinear
Answers
One major difference between mainstream and environmental economics is that mainstream economics assumes that waste can be disposed of in a linear system. The answer is (d) linear.
Mainstream economics, which is also known as neoclassical economics, is the conventional approach to economics. It believes that the market is the most efficient and effective means of allocating goods and services in an economy.
Environmental economics, on the other hand, is the study of how economic activities impact the environment. It is a branch of economics that recognizes the significant interaction between the economy and the environment. It stresses that the economy is reliant on environmental resources and that the environment is affected by economic activities.
Mainstream economics assumes that waste can be disposed of in a linear system, whereas environmental economics does not. In a linear system, waste is disposed of in a straight line, with resources being used to create products that are used and disposed of at the end of their useful lives. In this form of disposal, there is no effort to preserve the environment. It is just a matter of extracting natural resources, using them, and discarding them. Environmental economics rejects this notion and advocates for the use of a "circular economy."
In a circular economy, resources are managed in a manner that is restorative and regenerative. It seeks to minimize waste by ensuring that resources are kept in use for as long as feasible. This is done by reducing, reusing, and recycling resources to decrease waste generation.
Additionally, it entails the use of environmentally friendly production methods that minimize the amount of waste generated. In a circular economy, waste is regarded as a valuable resource rather than something to be thrown away.
The answer is (d) linear.
To learn more about “ resources” refer to the https://brainly.com/question/12748073
#SPJ11