Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter October, November, December. Note: Round final answer to a whole number. JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY Last year 110 130 140 180 190 210 155 AUGUS 145 This year 135 145 190 205 235 270 Forecast for the third quarter 456
Q: Rex and Kelsey are partners who share income in the ratio of 3:2 (3/5 to Rex and 2/5 to Kelsey).…
A: The objective of the question is to calculate Rex's capital balance after the partnership's net…
Q: Vaughn's is a brand of lotion created specifically for sensitive skin. The company, which goes by…
A: The equivalent units are calculated on the basis of the percentage of the work completed during the…
Q: On March 15, 2023, Helen purchased and placed in service a new Escalade. The purchase price of the…
A: Let's break down the calculations for Helen's total depreciation deduction for 2023:a. Without…
Q: Lillian Farms reported a net operating loss of $240,000 for financial reporting and tax purposes in…
A: 1.Net Operating loss carrybackAmountRate of TaxTaxRecorded asCarried back -…
Q: In 2023, DelCano Properties paid $540,000 for a tract of land on which two buildings were located.…
A: The purchase price of fixed assets is allocated to different assets on the basis of the market value…
Q: Allowance for Doubtful Accounts At the beginning of the year, Kullerud Manufacturing had a credit…
A: ALLOWANCE FOR DOUBTFUL DEBT ACCOUNT Allowance for Doubtful Debt Account is Considered as Contra…
Q: Problem 9-28 Stock Valuation and Cash Flows Full Boat Manufacturing has projected sales of $116.5…
A: The stock price per share can be found by using following equation proposed under dividend discount…
Q: Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, L09-4, L09-5, L09-6] [The following…
A: Budgeting is the method under which the company prepares the estimated statements by estimating…
Q: On December 31, Strike Company sold one of its batting cages for $224,697. The equipment had an…
A: The objective of the question is to calculate the gain or loss from the sale of an asset. In this…
Q: GENUS plc, an agricultural firm, values the pigs in its pure line herds, which are the repository of…
A: The objective of the question is to identify the valuation technique used by GENUS plc to value the…
Q: In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa…
A: In case of contract revenue is recognised on the basis of percentage of completion and this can be…
Q: Victor has been consistently withdrawing money from his savings account for several years. If he…
A: The objective of the question is to find out the original investment that Victor made in his savings…
Q: Static Actual Budget Budget Variance Machine-hours 39,920 36,600 Direct labour wages $ 86,100 $…
A: You have provided a table with budgeted and actual figures for various expenses related to a…
Q: A fixed asset with a cost of $31,304 and accumulated depreciation of $28,173.60 is sold for…
A: The objective of this question is to calculate the gain or loss on the disposal of a fixed asset.…
Q: During 2022, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment…
A: Solution:-To determine the remaining short-term and long-term capital loss carryover to be carried…
Q: Presented below is information from Splish Computers Incorporated. July 1 Sold $14,900 of computers…
A: Journal Entry: A journal entry records both sides of the transaction in the form of a debit and…
Q: At the beginning of the current period, Whispering Ltd. had balances in Accounts Receivable of…
A: Journal entries are fundamental records used in accounting to capture financial transactions. Both…
Q: Required information [The following information applies to the questions displayed below.] On…
A: Ernst ConsultingStatement of Cash FlowsFor the Month Ended December 31Explanation:Ernst…
Q: Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for…
A: Let's start by preparing a contribution format income statement segmented by divisions using the…
Q: Use the Adjusted Winner Procedure to determine which candy will be split between Larry and Balki.
A: The adjusted winner procedure was proposed by Brams and Taylor. This procedure helps to allocate…
Q: Regarding a basic capital (finance) lease for a lessee, which of the following statements is…
A: Lease liability is a term used in accounting to describe the financial obligation a company has…
Q: Pinter Corporation produces three products and is currently short on machine hours since one of its…
A: When some input is in limited capacity, then we need to find out contribution per input.For example,…
Q: On January 1, 2024, Displays Incorporated had the following account balances: Account titles Cash…
A: The said question asks to calculate the inventory amount reported by the company through the dollar…
Q: Only typed solution
A: Capitalization of Borrowing Cost: When it is likely that borrowing costs will result in future…
Q: Which of the following statements regarding economic capital and economic income is incorrect? (i)…
A: e (v) Explanation: e (v) is the incorrect statementEconomic income is the way for companies to…
Q: On July 1, 2016, Hargrove Corporation issued a 2-year note with a face value of $4,000,000 and a…
A: Hargrove Corporation - Interest Rate Swap AnalysisNote: The face value of the note is $4,000,000,…
Q: Vaughn Corp. factors $440,000 of accounts receivable with Bramble Finance Corporation on a without…
A: Factoring without recourse means that the risk of accounts receivable being uncollectible transfers…
Q: ing ethods Tyler Company has the following information related to purchases and sales of one of its…
A: The inventory can be valued using various methods as FIFO, LIFO and average method. FIFO stands for…
Q: For each of the following cases determine the ending balance in the inventory account. (Hint. First,…
A: SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule of cost of goods manufactured are those costs which…
Q: Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner,…
A: A trial balance are prepared by posting the balances from ledger accounts. A trial balance consists…
Q: Caswell Corporation is authorized to issue 10,000 shares of common stock on December 31. It sells…
A: The objective of the question is to record the sale of the common stock for Caswell Corporation,…
Q: From the textbook, what are examples of Contractually Obligated Income (COI)? (Select all that…
A: The contractually obligated income, also known as COI, can be defined as the income that is mandated…
Q: The Baulding family has a basic health insurance plan that pays 80 percent of out-of-hospital…
A: InsuranceThe amount that a person or individual pays for the safety or precaution of some unexpected…
Q: 8. When a budget is updated at every incremental budget period, the process is called: a.…
A: Choosing the Right AnswerThe correct answer is:b. Continuous budgetingExplanation:Here's the…
Q: Patty and Paul are partners who share income in the ratio of 3:2 (3/5 to Patty and 2/5 to Paul).…
A: The objective of the question is to calculate Paul's capital balance after the partnership's net…
Q: Nevada Corporation has 46,423 shares of $30 par stock outstanding that has a current market value of…
A: The objective of the question is to calculate the number of shares outstanding after Nevada…
Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…
A: Answer:- Net operating income meaning:- A financial statistic known as net operating income is the…
Q: 4. Caney Company provides lawn care services. Following are data for a recent week: Service Revenue…
A: Contribution margin is the profit earned for each unit sold. It is calculated by deducting variable…
Q: On January 1, Sharp Company purchased $100,000 of Sox Company 6% bonds, at a time when the market…
A: Answer:- A journal entry is used to record a business arrangement in a corporation's accounting…
Q: Walsh Company manufactures and sells one product. The following information pertains to each of the…
A: Answer:- Using variable expenses soley in determining the product's overall costs is known as…
Q: John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing…
A: Form 1040Form 1040 is an Individual Income Tax Return form. Form 1040 is used by U.S. taxpayers to…
Q: estimated the remaining useful life of the patent to be 10 years. The patent was carried on Lou's…
A: Intangible assets:An intangible asset is an asset that does not have physical substance of it such…
Q: if uncollectible accounts are determined by the percent of sales method to be 2% of credit sales,…
A: To calculate the uncollectible account expense for 20X3 using the percent of sales method, you would…
Q: On April 1, Year 1, Exotic Motor Cars Incorporated declared a $120,000 cash dividend to be paid on…
A: Many people believe that firms may restore value to their shareholders by paying dividends.…
Q: QS 25-15 (Algo) Keep or replace LO P5 Rory Company has an old machine with a book value of $85,000…
A: Incremental Analysis:— This analysis shows the comparison between two different alternatives. A…
Q: Presented below are transactions related to Windsor, Inc. May 10 Purchased goods billed at $16,200…
A: Purchases accounts are the accounts used to purchase inventory for the trading purpose. Purchases…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to determine the tax treatment of various expenses related to a…
Q: When the market rate of interest was 12%, Halprin Company issued $654,000, 11%, 4-year bonds that…
A: To calculate the selling price of the bonds, we can use the formula for present value of a bond:\[…
Q: In Control produces screens for use in various smartphones. The company reports the following…
A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product. Total Cost Includes…
Q: Exercise 11-47 (Algo) Net Realizable Value Method (LO 11-3) Barrett Chemicals manufactures four…
A: When more than one product gets produced from single process then all the products processed are…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 8 4 9 13 8 11 14 9 13 7 Part 2 Using exponential smoothing with α = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 5.0 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here
- (a) Suppose the data in the table below represents total revenues (in $ millions) for one real estate agency in the GTA. Fill in the 3-year Moving Averages, Weighted Moving Averages (with weights 5,3,2 starting from the most recent time period), and the Exponential Smoothing Forecast values in the table below: Round your answers in part (a) to 2 decimal places. Year Revenue 3-Year Moving Averages Weighted Moving Averages Exponential Smoothing α=0.35α=0.35 2016 4.7 2017 4.9 2018 5.4 2019 5.9 2020 6.7 2021 7.9 2022 Forecast Round your answers in part (b) to 2 decimal places, and round the MAD/MAE to 3 decimal places. (b) Calculate the MAD/MAE for 3-year Moving Averages for 2019-2021 (use results from the previous problem). Year Revenue 3-Year Moving Averages Absolute Error 2016 4.7 2017 4.9 2018 5.4 2019 5.9 2020 6.7 2021 7.9 MAD/MAE = Round your answers in part (c) to 2…The demand data for Double T Computer Services appears below. The company wants you to forecast the demand for period 4. What is your forecast using the least squares method? Period Demand 1 37 2 40 3 40John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1000 pancakes in May, 2200 pancakes in June, and 3000 pancakes in July, what should be the forecast for August?
- Given the following demand data, Period Demand 1 47 2 44 3 47 4 44 5 48 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) b. If the actual demand for period 6 is 48, forecast demand for period 7 using the same weights as in part a. Forecast Period 7 ______Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. (Round final answer to a whole number.) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Last year 165 185 200 230 240 265 210 200 195 265 290 315 This year 175 200 165 260 260 200 Forecast for the third quarterExotic Wines, Inc. wants to use exponential smoothing with α = 0.35 to forecast demand in bottles sold. The demand the last four months are 3,221, 3,197, 3,645, and 3,912 bottles. The forecast for bottles was 3,221 bottles for the second month. What is the forecast for the fifth month? Round your answer to the nearest whole number. bottles: