Homework Answers
A.42 units / month in month 25 , 53 units / month in month 26, and 34 units / month in month 27.
The sales units are not same for any two months in succession.
Options B C D provide only a constant number of units for three months, so they cannot be the right choice.
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What are reasonable sales forecasts for months 25, 26 and 27 given the historical sales pattern...
What is a reasonable safety stock level for Item-A1234 in order to achieve a 99% service...
What is a reasonable safety stock level for Item-A1234 in order to achieve a 99% service level (1% probability of stock out) if the forecasted sales for the next 12 months are 42 units a month? Please consider only safety stocks (used to protect against the uncertainty in demand variability). No need to use calculator or formulas! Item A1234 5 0 15 20 25 30 35 40 45 about 10 units units about 53 units about 20 units
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You want to compare how two forecasting methods would perform on some historical sales data. You...
You want to compare how two forecasting methods would perform on
some historical sales data. You will forecast the sales for months
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methods, and you can claim that the one that has lower MAD
performed better, at least for the historical data.
a) The first method is known as the moving average method. The
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1) (25pts) An engineer is making aggregate planning for the next 4 months. Demand forecasts in...
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Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month...
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June July August September October November December 32,000 30,000 35,000 40,000 45,000 50,000 42,500 I Required: A. What would be the estimated total...
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27
This fact pattern provides information for Q#26 and Q#27. Consulting Revenues in Year 2 were $162. Consulting Accounts Receivable at Dec. 31 in Years 1, 2 and 3, respectively were: $33, $29 and $34, respectively. Cash collected from clients in Year 3 was $142. Enter positive values without signs, without '' signs and without commas. Click Save and Submit to save and submit. Click Save All Answers to save all answers 2 20 Fid # $ 4 % 5...
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48 57 Amy Bakery has four shops in different area in a city. Monthly sales (in thousands of dollars) from a random of 24 months from each of the 4 shops given in Table 1. Table 1: Monthly sales (in thousands of dollars) North East South West 77 75 97 60 45 42 60 54 56 49 68 47 44 39 58 57 63 61 69 51 75 63 79 50 90 81 99 73 32 47 46 41 41...
Question 2 4.5 pts Zz, Inc. has budgeted sales in units for the next six months...
Question 2 4.5 pts Zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400 units 7,200 units 6,900 units 8,600 units ????? units 7,900 units All sales are made on account. The selling p rice is $23 per unit. The sales are collected in the pattern 11% in th e month of sale, 24% in the month following sale, 57% in the second month following...
Ann's Antiques is estimating the following sales figures for the next four months: Cash sales Credit...
Ann's Antiques is estimating the following sales figures for the next four months: Cash sales Credit sales Total sales January | $1,000 20,000 21,000 February $1,300 $22,900 $24200 March 1.700 S23,500 $25,200 April | $2,100 | S24.000 25,100 Ann has the following collection pattern on credit sales: 15% in month of sale: 65% in month after sale: 20% in second month after sale. What are Ann's budgeted cash receipts for March? $24,745 $24,110 $23,820 $22,665 QUESTION 14 Dora's budgeted production...
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Write a python nested for loop that prints out the following pattern 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33...
What is a reasonable safety stock level for Item-A1234 in order to achieve a 99% service level (1% probability of stock out) if the forecasted sales for the next 12 months are 42 units a month? Please consider only safety stocks (used to protect against the uncertainty in demand variability). No need to use calculator or formulas! Item A1234 5 0 15 20 25 30 35 40 45 about 10 units units about 53 units about 20 units
You want to compare how two forecasting methods would perform on
some historical sales data. You will forecast the sales for months
4 through 19, calculate the mean absolute deviation (MAD) for both
methods, and you can claim that the one that has lower MAD
performed better, at least for the historical data.
a) The first method is known as the moving average method. The
forecast for a month will be the average sales of three previous
months. So, forecast...
1) (25pts) An engineer is making aggregate planning for the next 4 months. Demand forecasts in aggregate items are 600, 350, 400, 700 for months 1 to 4. The company has an initial workforce of 80 and capacity can be adjusted by hiring (at a cost of 150 liras per worker) or firing (at a cost of 900 liras per worker). Each worker is capable of producing 0.2 aggregate items in one workday. The available workdays are given as 25,...
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June July August September October November December 32,000 30,000 35,000 40,000 45,000 50,000 42,500 I Required: A. What would be the estimated total...
27
This fact pattern provides information for Q#26 and Q#27. Consulting Revenues in Year 2 were $162. Consulting Accounts Receivable at Dec. 31 in Years 1, 2 and 3, respectively were: $33, $29 and $34, respectively. Cash collected from clients in Year 3 was $142. Enter positive values without signs, without '' signs and without commas. Click Save and Submit to save and submit. Click Save All Answers to save all answers 2 20 Fid # $ 4 % 5...
48 57 Amy Bakery has four shops in different area in a city. Monthly sales (in thousands of dollars) from a random of 24 months from each of the 4 shops given in Table 1. Table 1: Monthly sales (in thousands of dollars) North East South West 77 75 97 60 45 42 60 54 56 49 68 47 44 39 58 57 63 61 69 51 75 63 79 50 90 81 99 73 32 47 46 41 41...
Question 2 4.5 pts Zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400 units 7,200 units 6,900 units 8,600 units ????? units 7,900 units All sales are made on account. The selling p rice is $23 per unit. The sales are collected in the pattern 11% in th e month of sale, 24% in the month following sale, 57% in the second month following...
Ann's Antiques is estimating the following sales figures for the next four months: Cash sales Credit sales Total sales January | $1,000 20,000 21,000 February $1,300 $22,900 $24200 March 1.700 S23,500 $25,200 April | $2,100 | S24.000 25,100 Ann has the following collection pattern on credit sales: 15% in month of sale: 65% in month after sale: 20% in second month after sale. What are Ann's budgeted cash receipts for March? $24,745 $24,110 $23,820 $22,665 QUESTION 14 Dora's budgeted production...
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