Question

1) McDougal's, a retailer of batteries has monthly sales of $60,000. Monthly cost of these sales...

1) McDougal's, a retailer of batteries has monthly sales of $60,000. Monthly cost of these sales is $50,000. Their inventory at the beginning of the year was 12,000 batteries, but it has increased to 14,000 now that we have reached the end of the year. Batteries generally cost $25/unit and sell for $30/unit. What was McDougal's inventory turnover ("turns") for this year?

2) the draw back in using a time-series forecast(like a weighted moving average forecast for example) for data that is steadily increasing is?

A)Seasonality cant be adjusted for

B) It will generally show a forecast above the actual

C) The MSE will be greater than MAD

D) The forecast generally lag the actual data

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Feel free to make a comment ... please rate positively it helps me a lot... thank you....

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The budget committee of Designer Dresses​, an upscale​ women's clothing​ retailer, has assembled the following data....
The budget committee of Designer Dresses​, an upscale​ women's clothing​ retailer, has assembled the following data. As the business​ manager, you must prepare the budgeted income statements for May and June. LOADING... ​(Click the icon to view the information to prepare the​ budget.) Requirement Prepare Designer Dresses​' budgeted income statements for May and June. Show cost of goods sold computations. a. Sales in April were $50,000. You forecast that monthly sales will increase 6​% in May and an additional 5​%...
1.Trouble Company purchased equipment on January 1, 2016, for $60,000. It is estimated that the equipment...
1.Trouble Company purchased equipment on January 1, 2016, for $60,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Compute depreciation expense for 2016 using the straight-line method of depreciation. 2. Adriane’s Grocery Store had a beginning inventory of $14,000 and an ending inventory of $19,000. Net sales during the year amounted to $78,000...
9. A retailer has a beginning monthly inventory valued at $80,000 at retail and $52,500 at...
9. A retailer has a beginning monthly inventory valued at $80,000 at retail and $52,500 at cost. Net purchases during the month are $190,000 at retail and $115,000 at cost. Transportation charges are $10,500. Sales are $225,000. Markdowns and discounts equal $30,000. A physical inventory at the end of the month shows merchandise valued at $15,000 (at retail) on hand. Compute the following: a. Total merchandise available for sale:at cost and at retail. b. Cost complement c. Ending retail book...
Macheski Company, an importer and retailer of Polish pottery and kitchenware, prepares a monthly master budget....
Macheski Company, an importer and retailer of Polish pottery and kitchenware, prepares a monthly master budget. Data for the July master budget are given below: The June 30th balance sheet follows: Cash $ 25,000 Accounts payable $ 45,000 Accounts receivable 110,000 Capital stock 300,000 Inventory 54,000 Retained earnings 94,000 Building and equipment (net) 250,000 Actual sales for June and budgeted sales for July, August, and September are given below: June $137,500 July 360,000 August 400,000 September 320,000 Sales are 20...
Problem 1: Auto sales at Carmen’s Chevrolet are shown below. Develop a 3-week moving average. Week...
Problem 1: Auto sales at Carmen’s Chevrolet are shown below. Develop a 3-week moving average. Week Auto Sales 1 8 2 10 3 9 4 11 5 10 6 13 7 - Problem 2: Carmen’s decides to forecast auto sales by weighting the three weeks as follows: Weights Applied Period 3 Last week 2 Two weeks ago 1 Three weeks ago 6 Total Problem 3: A firm uses simple exponential smoothing with to forecast demand. The forecast for the week...
1.) Williams & Sons last year reported sales of $32 million, cost of goods sold (COGS)...
1.) Williams & Sons last year reported sales of $32 million, cost of goods sold (COGS) of $24 million, and an inventory turnover ratio of 4. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 6 while maintaining the same level of sales and COGS, how much cash will be freed up? Do not round intermediate calculations. Enter your answer...
Question 1: Wendy's Happy Homes Inc. manufactures Home Appliances. Monthly sales of Wendy's Washers and Dryer...
Question 1: Wendy's Happy Homes Inc. manufactures Home Appliances. Monthly sales of Wendy's Washers and Dryer Sets for a nine-month period were as follows: MONTH Washer and Dryer Sales January 490 February 480 March 450 April 500 May 480 June 470 July 490 August 520 September 530 Forecast October sales using: 1) A four-month moving average 2) a six-month moving average 3. Compute the MAD for each forecast method you used. Actual October sales were 520 units. 4) Which method...
ABC Company, a retailer, prepares its master budget on a quarterly basis. The following data has...
ABC Company, a retailer, prepares its master budget on a quarterly basis. The following data has been assembled to assist in preparation of the master for the first quarter. a. As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances. ASSETS LIABILITIES AND EQUITY Cash $ 47,000 Accounts Payable $ 92,000 Accounts Receivable 224,000 Capital Stock 500,000 Inventory 60,000 Retained Earnings 109,000 Buildings and Equipment (net of depreciation) 370,000 TOTAL ASSETS...
1.opal company has total assets of $700,000 and total liabilities of $200,000 the company's debt- to...
1.opal company has total assets of $700,000 and total liabilities of $200,000 the company's debt- to - equity ratio is closest to: 0.50 0.20 0.40 0.29 2. kringle company a retailer had a cost of goods sold of $1,400,000 last tear the beginning inventory balance was $125,000 and the ending inventory balance was $120,000 the company inventory turnover ratio was closet to 11.43 11.20 10.49 11.60 3. the quick ratio a.is generally lower than the current ratio b.excluded inventories and...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal...
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 11,000 12,000 14,000 13,000 The selling price of the company’s product is $18.00 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT