Homework Answers
To make predictions for sales in a specific month, the ratio to trend method uses - ans. (d). the ratio of monthly sales to a seasonally adjusted trend.
To get prediction of sales in a specific month we first calculate the trend analysis of each month by least square method by taking unadjusted data of months and years. Then we take percentage average of each month corresponding to its trend value. Then we get aggregate values of ratio of that particular month or each month whatever we want to get . Then we get adjusted average ratio of that month.
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To make predictions for sales in a specific month, the ratio to trend method uses. (a)...
3. Using the TGT Quarterly Sales (Target Corp.) data: a. Fit a regression model with a time trend and seasonal dummy variables to the sales data. b. Is the time trend coefficient statistically significant? How can you tell? c. Are the seasonal dummy varia
3. Using the TGT Quarterly Sales (Target Corp.) data:Assume October 2011 is Quarter 3, Period (Trend) 1, etc.a. Fit a regression model with a time trend and seasonal dummy variables to the sales data.b. Is the time trend coefficient statistically significant? How can you tell?c. Are the seasonal dummy variables statistically significant? How can you tell?d. Assume time is 0. Calculate sales for Q3. Round to two decimal places.e.What is the coefficient on the first quarter? Round to two decimal...
The ratio-to-trend method is useful... (a) to capture the time trend (b) to adjust for seasonal...
The ratio-to-trend method is useful... (a) to capture the time trend (b) to adjust for seasonal variations (c) to capture random fluctuations (d) to control for secular cycles
12. What is the expected future trend of the debt to GDP ratio? A) There are...
12. What is the expected future trend of the debt to GDP ratio? A) There are too many unknown variables to make a prediction B) Ratio will remain stable C) Ratio will decrease slightly D) Ratio will increase greatly 9. U.S government spending on Social Security, defense, Medicare and Medicaid makes up approximately % of government spending A) 25 B) 33 C) 50 D) 63
a) Forecasted sales for year 6 using the trend projection (linear regression) method are (???) sales...
a) Forecasted sales for year 6 using the trend projection
(linear regression) method are (???) sales (round your
response to one decimal place).
b) What is the MAD?
c) What is the MSE?
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 455 510 520 575 575 4 5
John Taylor Salons want to forecast monthly customer demand from June through August using trend ...
Using Excel
John Taylor Salons want to forecast monthly customer demand from June through August using trend adjusted exponential smoothing. Given alpha (a) 0.20, Beta (B) -0.40, the Forecast for May 45 (FMay-45) customers, and the trend for May 0 (Tmay-0), forecast a FIT (forecast including trend) for the months of June through August. 3. Month Actual Sales May June July August 50 61 73 80 Jay Sharp Guard wants to compare the accuracy of two methods that it has...
Help Save & Exit A company uses the percent of sales method to determine its bad...
Help Save & Exit A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $349,000 debit 660 debit 794,000 credit All sales are made on credit. Based on past experience, the company estimates 0.6% of net credit sales to be uncollectible What adjusting entry should the company make at the end...
A company uses the percent of sales method to determine its bad debts expense. At the...
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 375,000 debit Allowance for uncollectible accounts 500 debit Net Sales 800,000 credit All sales are made on credit. Based on past experience, the company estimates 0.6% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current...
A company uses the percent of sales method to determine its bad debts expense. At the...
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $362,000 debit 570 debit 807,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.3% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry...
X Company uses the high-low method to estimate total overhead costs each month, with machine hours...
X Company uses the high-low method to estimate total overhead costs each month, with machine hours as the activity measure. The following past monthly cost and activity information is available: Cost Month May June July August $10,733 $8,973 $12,603 $14,253 Machine Hours 3,100 2,300 3,950 4,700 If machine hours in October are expected to be 4,000, what are estimated fixed overhead costs in October (round unit costs to two decimal places)? OA: $2,443 B: $2,858 C: $3,344 D: $3,913|| OE:...
excel spreadsheet information: Month Sales (in millions of boxes) 1 1306 2 1305 3 1311 4...
excel spreadsheet information:
Month
Sales (in millions of boxes)
1
1306
2
1305
3
1311
4
1313
5
1324
6
1329
7
1346
8
1347
9
1378
10
1394
11
1441
12
1469
Problem 3 You have realized that the sales for Select-A-Size Paper Towel packs have been increasing over the past year. You have learned that the double exponential smoothing method can account for such a trend in the data. Use double (trend-adjusted) exponential smoothing method to forecast sales...
The ratio-to-trend method is useful... (a) to capture the time trend (b) to adjust for seasonal variations (c) to capture random fluctuations (d) to control for secular cycles
12. What is the expected future trend of the debt to GDP ratio? A) There are too many unknown variables to make a prediction B) Ratio will remain stable C) Ratio will decrease slightly D) Ratio will increase greatly 9. U.S government spending on Social Security, defense, Medicare and Medicaid makes up approximately % of government spending A) 25 B) 33 C) 50 D) 63
a) Forecasted sales for year 6 using the trend projection
(linear regression) method are (???) sales (round your
response to one decimal place).
b) What is the MAD?
c) What is the MSE?
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 455 510 520 575 575 4 5
Using Excel
John Taylor Salons want to forecast monthly customer demand from June through August using trend adjusted exponential smoothing. Given alpha (a) 0.20, Beta (B) -0.40, the Forecast for May 45 (FMay-45) customers, and the trend for May 0 (Tmay-0), forecast a FIT (forecast including trend) for the months of June through August. 3. Month Actual Sales May June July August 50 61 73 80 Jay Sharp Guard wants to compare the accuracy of two methods that it has...
Help Save & Exit A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $349,000 debit 660 debit 794,000 credit All sales are made on credit. Based on past experience, the company estimates 0.6% of net credit sales to be uncollectible What adjusting entry should the company make at the end...
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $362,000 debit 570 debit 807,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.3% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry...
X Company uses the high-low method to estimate total overhead costs each month, with machine hours as the activity measure. The following past monthly cost and activity information is available: Cost Month May June July August $10,733 $8,973 $12,603 $14,253 Machine Hours 3,100 2,300 3,950 4,700 If machine hours in October are expected to be 4,000, what are estimated fixed overhead costs in October (round unit costs to two decimal places)? OA: $2,443 B: $2,858 C: $3,344 D: $3,913|| OE:...
excel spreadsheet information:
Month
Sales (in millions of boxes)
1
1306
2
1305
3
1311
4
1313
5
1324
6
1329
7
1346
8
1347
9
1378
10
1394
11
1441
12
1469
Problem 3 You have realized that the sales for Select-A-Size Paper Towel packs have been increasing over the past year. You have learned that the double exponential smoothing method can account for such a trend in the data. Use double (trend-adjusted) exponential smoothing method to forecast sales...
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