Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts?
A) 2
B) -10
C) 3.5
D) 9
E) 10.5
C
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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
a. $80,000 b. $10,000 c. $90,000 d. $100,00
Green bank has transaction accounts worth $200 million. If the required reserve ratio is 10%, Green bank holds _____ as required reserves.
A. $220 million B. $180 million C. $60 million D. $20 million
________ costing treats fixed overhead as a period cost.
Fill in the blank(s) with the appropriate word(s).
In a noninstantaneous receipt model, daily demand is 55 units and daily production is 120 units, Co = $70 and Cc = $4 per unit/year. The production facility operates 300 days per year. What is the optimal order quantity?
What will be an ideal response?