With alpha = 0.2, what is the simple exponential smoothing forecast for October? Assume the forecast for July was 80 rooms
Given the following data on hotel check-ins for a 6-month period:
July: 70 rooms
August: 105 rooms
September: 90 rooms
October: 120 rooms
November: 110 rooms
December: 115 rooms
Answer:
Demand Forecast
July 70 80
Aug 105 78
Sept 90 83.4
Oct 120 84.72
Nov 110 91.776
Dec 115 95.421
October forecast is 84.72
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Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event either does not affect the element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) Kelly Co. sells goods to customers with a three-year warranty. On December 31, Year 1, Kelly made the appropriate year-end adjustment to record the warranty expense related to the goods sold during the year. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
Look Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, N06D and M09K, about which it has provided the following data: N06DM09KDirect materials per unit$17.70 $62.50 Direct labor per unit$5.00 $16.00 Direct labor-hours per unit 0.50 1.60 Annual production (units) 40,000 15,000 The company's estimated total manufacturing overhead for the year is $2,532,200 and the company's estimated total direct labor-hours for the year is 44,000. The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing
system appear below: Activities and Activity MeasuresEstimatedOverhead CostSupporting direct labor (DLHs)$880,000 Setting up machines (setups) 376,200 Parts administration (part types) 1,276,000 Total$2,532,200 Expected Activity N06DM09KTotalDLHs20,00024,00044,000Setups1,4081,1002,508Part types1,5401,0122,552 The manufacturing overhead that would be applied to a unit of product N06D under the company's traditional costing system is closest to: A. $34.53 B. $28.78 C. $10.00 D. $63.31
Lance is looking for ways to get more capital for his appliance sales and service business. He is very protective of his company's information and fears that it will get into the wrong hands. Lance would probably not want to
A. hire new employees. B. incorporate his company. C. get a loan from a bank. D. take on a trustworthy friend as a partner. E. use a computerized accounting system.
Kelly decided to purchase a new pair of running shoes. She is aware of Nike’s swoosh and slogan of “Just Do It,” so she buys Nike running shoes. Her familiarity with Nike is an example of what effective marketing tool?