Answer:
Kindly check explanation
Explanation:
Given the data:
Period Demand F1 F2
1 68 63 66
2 75 70 67
3 70 75 70
4 74 69 72
5 69 70 73
6 72 68 75
7 80 70 77
8 78 74 84
Mean absolute deviation (MAD) for F1:
P___Demand(D) __F1__F2___|D - F1|___|D-F2|
1____ 68 _______63 __66____5______ 2
2____75_______ 70__ 67____ 5______ 8
3____70_______ 75__ 70____ 5______ 0
4____74_______ 69__ 72____ 5______ 2
5____69_______ 70__ 73____ 1______ 4
6____72_______ 68__ 75____ 4______3
7____80_______ 70__ 77____ 10 _____3
8____78_______ 74__ 84____ 4______6
Mean absolute deviation (MAD) For F1 :
Σ(|D - F1|)/n :
(5 + 5 + 5 + 5 + 1 + 4 + 10 + 4) / 8
= 39 / 8
= 4.875
Mean absolute deviation (MAD) For F2 :
Σ(|D - F2|)/n :
(2 + 8 + 0 + 2 + 4 + 3 + 3 + 6) / 8
= 28 / 8
= 3.50
F2 seems to be more accurate has it has a Lower MAD value
To determine which forecast is more accurate between F1 and F2, the Mean Absolute Deviation (MAD) for each was calculated. It was found that Forecast F2, with a lower MAD of 3.75 compared to F1's 5.25, is the more accurate forecast.
The subject of this examination pertains to a field in mathematics known as forecasting. The Mean Absolute Deviation (MAD) is a commonly used method to measure the accuracy of forecast predictions. It is computed by taking the absolute value of the actual demand minus the forecasted demand, and then finding the average of these absolute differences over a specific period.
For F1: |68-63| + |75-70| + |70-75| + |74-69| + |69-70| + |72-68| + |80-70| + |78-74|. When you calculate these absolute differences and then divide the sum by 8 (number of periods), you get a MAD of 5.25.
For F2: |68-66| + |75-67| + |70-70| + |74-72| + |69-73| + |72-75| + |80-77| + |78-84|. Similarly, calculate these absolute differences and divide the sum by 8, you get a MAD of 3.75.
Given the results, the F2 forecast appears to be more accurate as it has a smaller MAD.
#SPJ3
Answer:
True.
Explanation:
A flat demand curve for a particular product indicates that the product is very sensitive to a change in the price level and on the other hand, a steeper demand curve indicates that any change in the price level doesn't have a effect on quantity demanded or have a little impact.
Elasticity of demand refers to the responsiveness of quantity demanded with any change in the level of price of the product.
The demand for these products is more elastic because a slightly change in the price level of a product will result in a large change in the quantity demanded for that product.
Cash $47,000 $25,000
Accounts Receivable, Net 99,000 62,000
Merchandise Inventory 79,000 50,000
Property, Plant, and
Equipment, Net 181,000 120,000
Total assets $406,000 $257,000
Additional information:
Net sales $530,000
Cost of Goods Sold 150,000
Interest expense 24,000
Net income 181,000
Calculate the return on total assets for the year 2015.
A. 62.03%.B. 45.79%.C. 50.74%.D. 71.98%.
Answer: 61.84%
Explanation:
The Return on Assets is a ratio that measures how effectively assets are being utilized to earn revenue.
The formula is;
Return on total Asset = Operating Income /Average Total assets
Operating Income = Net Income + Interest expense = 181,000 + 24,000 = $205,000
Average Total Assets = (Beginning Assets + Ending Assets) / 2 = (406,000 + 257,000) / 2 = $331,500
Return on Assets = 205,000/331,500 = 61.84%
The options listed are most probably for a variant of this question.
b. Delia will lose because the second contract win writing.
c. Delta will win because he partially performed and he can demonstrate the agreement by writings.
d. Delia will becuse he's not merchant
Answer:
a. Della will lose because he did not sign a contract.
Explanation:
The UCC are a set of guidelines that is used for trade transactions to resolve disputes and ensure equity between the buyer and seller.
There are various criteria used to qualify a valid transaction. One of them is that for a non movable asset, it's sale must be under a written contract.
A verbal contract will not suffice and is not binding.
In this scenario where Joe verbally contracts with Delia to sell his farm to Delia, they did not sign a contract and makes a down payment. But Joe decides after several months to sell his farm to Eli.
Since there is no written contract if Delia objects to the second sale she will lose
Answer: A. Widget workers agree a large wage decrease so that none of them will have to be laid off.
Explanation:
There are activities that affects supply function cost, like wages cost going down, pushing prices down as well. In this case, with everything else constant, when cost go down the productivity per factor increase, making it possible to produce the same quantity at a lower price, or to produce more at a same price
Answer:
Revision of wordy, unorganized paragraphs
Our organization's dress code allows suitable office dresses. Find below the guidelines for allowed dresses:
Explanation:
The use of bulleted or numbered lists can help to organize wordy paragraphs. They also eliminate some of the unnecessary wordings that have been included, thereby reducing the overall length.
Answer:
Journal
Account Title
Accounts Payable $400 (Debit)
Purchase return and allowances $400 (Credit)
Account Payable
Dec 7 Cash $400 (Debit)
Purchase Returned
Dec 7 Cash $400 (Credit)