[Part 1] A small sporting goods company is considering investing $2000 in a project at the start of year 1 that will produce volleyballs over the next five years. The company plans to produce and sell 200 volleyballs in the first year, and expects that
volume to grow by 10% each year thereafter. The unit selling price forecast the company has developed is $20 in year 1, $22 in year 2, $25 in year 3, $28 in year 4, and $31.50 in year 5 . Variable costs are forecast to be $15 per unit produced, and there will be a fixed overhead cost in each year of $500 . (Unless otherwise indicated, assume that all cash flows occur at the end of the year.) Use the graphing function in Excel to construct a scatterplot of forecasted price versus time, and fit a linear trendline to the data. What are the coefficients of the linear model, and what is the MAPE of a linear model forecast, compared to the company's forecast?
The linear trend fit produces an intercept of 16.6 and a slope of 2.9 . Forecasting with this model and comparing against the company forecast results in a MAPE of 1.5%.
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Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
a. Investment in Vallerio b. Retained Earnings c. Dividend Revenue d. Dividend Receivables
Tom tries to sell his Aston-Martin to Victoria for $12,000 . Tom tells Victoria, "I paid $12,000 for the car in 1978 and it's worth twice that today." Tom really paid $8,000 for the car in 1978 . If Victoria buys the car, basing her decision on Tom's statement, which of the following correctly states the situation?
a. Tom's statements amount to puffing only. b. Tom's statements provide grounds to set the contract aside. c. Tom's statements are actionable only if intentional. d. Tom's statements amount to fraud in the execution.
Conflict begins as team members begin to resist authority and demonstrate hidden agendas and prejudices in the:
A) Storming stage of group development. B) Performing stage of group development. C) Forming stage of group development. D) Norming stage of group development.
Marketing discourages the development and spread of new ideas, goods, and services.
Answer the following statement true (T) or false (F)