Find the forecast demand for period 3, using a exponential smoothing model with a=0.6. (one decimal place) Formula: F7=(1-a)Ft-1 + At-1 time At Ft 1 14 14 2. 30 14 3 41
Answers
The given data shows that the forecast demand for period 1 is 14, and forecast demand for period 2 is also 14. Therefore, the calculation of forecast demand for period 3 using an exponential smoothing model with a=0.6 is given below
The forecast demand for period 3 using an exponential smoothing model with a=0.6 is 28.2 (one decimal) Given, F1 = 14, F2 = 14, a = 0.6 and A3 = 41.We can calculate the forecast for the next period (F3) using the following formula:
\(Ft = αAt-1 + (1 − α)Ft-1F1 = 14F2 = 14Ft = αAt-1 + (1 − α)Ft-1a = 0.6At-1 = A3 = 41 For t = 3,F3 = αAt-1 + (1 − α)Ft-1 F3 = 0.6(41) + (1 − 0.6)14= 24.6 + 5.6= 30.2\)
Hence, the forecast demand for period 3, using an exponential smoothing model with a=0.6 is 28.2 (one decimal place).
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Related Questions
what are four main criteria by which we evaluate sequencing rules?
Answers
These criteria are not always equally important, and the best sequencing rule for a particular situation will depend on the specific goals of the organization.
There are four main criteria by which we evaluate sequencing rules:
Makespan: The makespan is the total time it takes to complete all jobs in the queue. A good sequencing rule will minimize the makespan.
Average job lateness: The average job lateness is the average amount of time that each job is late. A good sequencing rule will minimize the average job lateness.
Utilization: Utilization is the percentage of time that the resources are being used. A good sequencing rule will maximize the utilization of the resources.
Tardiness: Tardiness is the amount of time that each job is late. A good sequencing rule will minimize the tardiness of all jobs.
For example, if the organization is concerned about meeting deadlines, then the makespan and average job lateness criteria would be more important. If the organization is concerned about maximizing resource utilization, then the utilization criteria would be more important.
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Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31, 1986. How does a review differ from an audit, particularly in terms of the level of assurance implied by the auditor’s report?
Answers
A review differs from an audit in terms of the level of assurance provided by the auditor's report.
A review engagement involves the auditor performing analytical procedures and making inquiries to management, primarily through discussions with company personnel, in order to provide limited assurance that the financial statements are free of material misstatement.
The review report expresses negative assurance, meaning that the auditor is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with Generally Accepted Accounting Principles (GAAP).
An audit engagement, on the other hand, involves the auditor obtaining sufficient evidence through testing the company's accounting records, financial statements, and internal controls to provide reasonable assurance that the financial statements are free of material misstatement. The audit report expresses positive assurance, meaning that the auditor believes that the financial statements are presented fairly in accordance with GAAP.
In the case of ZZZZ Best, Ernst & Whinney's review report on the quarterly statements provided less assurance than an audit opinion would have provided. This limited assurance was not sufficient to detect the fraudulent activities that were later uncovered.
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to decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and loan characteristics, to predict risk levels.
Answers
To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.
Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.
An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.
Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.
Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).
Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:
Loan characteristics.Historical industry trends.Read more: https://brainly.com/question/1790872
marcus finds that a check written by a customer and deposited has not yet been posted
Answers
Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:
Answers
Option C. Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts: the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information
What is demand?This is the term that is used to refer to the number of people that are willing to buy a product at a given wage rate.
When there is a rise in the demand of cars, there would be a rise in rhe equilibrium price of the cars.
Complete question
Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:
A. The equilibrium, quantity of cars will decrease, but the impact on the equilibrium price of cars cannot be determined without additional information
B. The equilibrium quantity of cars will increase, but the impact on the equilibrium price of cars cannot be determined without additional information.
C. the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information
D. the equilibrium price of cars will decrease, but the impact on the equilibrium quantity of cars cannot be determined without additional information
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Diversification is least effective when security returns are _____.
A) High
B) Negatively correlated
C) Positively Correlated
D) Uncorrelated
Answers
Answer:
B Negatively correlated
The reorder point in Littlefield was set at 4200 kits initially. The lead time for replenishment was 4 days. Assuming that the daily number of orders (for 60 receivers) placed on the factory is normally distributed with a mean of 12.22 and a standard deviation of 3.41, then the initial reorder point provided a service level less than 99%
The Chick-fil-A fast food restaurant is interested in examining the capacity of a new, mini-restaurant that they have created. The restaurant offers the following menu:
Chicken Sandwich $5.00
Chicken Nuggets $4.50
Large Fry $2.00
Small Fry $1.25
Drink $1.50
Through market research, Chick-fil-A has discovered that 40% of their arriving customers will purchase a sandwich and 40% will purchase nuggets (20% of arriving customers do not purchase any chicken). All customers buy a drink and all customers buy fries, with 1/3 choosing a large fry and 2/3 choosing a small fry.
Chick-fil-A has two people working at the counter who take and fill orders from customers. On average, it takes 20 seconds for one of these counter people to take the customer’s order, get their drink, and get the rest of their meal. There are two people who work in the back room, one cooking fries and the other preparing chicken. The fry cook spends 3 minutes preparing each 2 pound batch of fries. A large fry consists of 1/4 pound of fries, and a small fry consists of 1/8 pound. The chicken preparer spends 10 seconds on each sandwich and 5 seconds on each order of chicken nuggets.
(a) (30 points) What is the capacity of each resource (Counter Help, Fry Cook, and Chicken Preparer), measured in customers per hour?
(b) (20 points) Chick-fil-A is considering the addition of a hand-scooped milk shake onto their menu. The milk shake would sell for $4.00, and would take 30 seconds to prepare for each customer. Chick-fil-A has a corporate policy that customers should be served within 1.5 minutes. In order to adhere to this policy, they are planning to hire a dedicated milk shake maker to work at the facility. Analysis has revealed that both the time between arriving customers and the time to make a milk shake are distributed exponentially. Given the variability, Chick-fil-A has determined that the average throughput time for a milk shake must be no more than 50 seconds in order to consistently meet the 1.5 minute service standard. What is the maximum number of customers/hour who can order a milkshake and still have the average throughput time within the 50 second limit?
Answers
(a) Capacity of Counter Help = 180 customers/hour, Capacity of Fry Cook = 89 customers/hour, Capacity of Chicken Preparer = 200 customers/hour (b) Maximum number of customers per hour for milkshake = 0.00714 or 0.714%
(a) Resource capacity refers to the maximum amount of output that a particular set of resources can produce, whether that be machines, employees, or other inputs. Chick-fil-A restaurant's capacity of each resource is as follows: Capacity of Counter Help (hours):The cycle time for a customer to complete the transaction is calculated as 20 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. The total number of customers that can be served per hour is calculated as: 3600/20 = 180 customers per hour. Capacity of Fry Cook (pounds): The cycle time per batch of fries for the fry cook is calculated as 3 minutes per 2 pounds batch.
The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders 1.33 pounds of fries on average. The number of customers that can be served per hour is calculated as: 3600/(3*60/2*1.33) = 89 customers per hour. Capacity of Chicken Preparer (pieces): The cycle time for a chicken sandwich is calculated as 10 seconds per sandwich. The cycle time for an order of chicken nuggets is calculated as 5 seconds per order. The total time available per hour is 60 minutes or 3600 seconds per hour. Each customer orders one sandwich or one order of chicken nuggets on average. The number of customers that can be served per hour is calculated as: (3600/(10+5)) = 200 customers per hour.
(b) Maximum number of customers per hour who can order a milkshake and still have the average throughput time within the 50 second limit can be calculated using the below formula; Maximum number of customers per hour= 1/(average time per customer) As we know, that average throughput time for a milkshake must be no more than 50 seconds to meet the 1.5 minute service standard. Thus the average time per customer is 50 + 90 (1.5-0.5).Thus the maximum number of customers per hour that can order a milkshake and still have the average throughput time within the 50 second limit is given as: Maximum number of customers per hour = 1/140Maximum number of customers per hour = 0.00714 or 0.714%.
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________ is the degree to which an innovation fits the values and experiences of potential consumers.
Answers
Answer:
Compatibility is the degree to which an innovation fits the values and experiences of potential customers.
The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.
Compatibility is the degree to which an innovation fits the values and experiences of potential consumers.
Is the degree to which a new innovation fits with the values of potential customers?The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.Divisibility. The extent to which the innovation can be tested on a limited scale.Observability. The degree to which the outcomes or benefits of implementing an innovation are visible to potential adopters is referred to as observability.The degree to which an innovation fits the values and experiences of potential consumers is referred to as compatibility. It is one of the product characteristics that influence the adoption rate because consumers will only gradually begin to adopt a product if it is incompatible with their mindset.To learn more about : compatibility.
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Explain how saving a portion of your money can help you achieve financial well-being. (Tell me how saving a little bit of your money can help you have less problems with money.)
Answers
Professor Patty is very distraught that three students in her class cannot afford to buy the 42- chapter book for the course. The book is used for two semesters, although not all students take the second semester. She finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. If Professor Patty is sued for copyright infringement: __________
a. she wins because the fair use doctrine permits the use of the work for educational purposes.
b. she wins because she is not copying the entire book but only 21 chapters of it and is not making a profit.
c. she loses because by making and distributing the chapters, she is diminishing the value of the book on the national market.
d. she loses because she is copying whole sections and a significant portion of the book.
Answers
Answer: C
Explanation:
Berta worked to olve a ytem of equation. 4x y = –5
x – y = –5
Step 1: ???
Step 2: x = –2
Step 3: 4(–2) y = –5
Step 4: –8 y = –5
Step 5: y = 3
Berta determined that the olution i (–2, 3). Which could have been the equation Berta found in tep 1?
4x = 0
5x = 10
5x = –10
5x = –25
Answers
Since the solution is (–2, 3), the equation in step 1 should be 5x = –10.
Methods for solving a system of equations- substitution
- graphing
- elimination
In this problem, the first equation is given, that is:
4x + y = –5
Step 1 contains the second equation but we don't know yet.
In step2, we get x = –2 as a result of step 1.
The equation that is satisfied by x = –2 should be:
5x = –10
Since if substitute x = –2 into the equation:
5(–2) = –10
which is correct.
Hence, the system of equation consists of two equations:
4x + y = –5 ..... (equation 1)
5x = –10 ........ (equation 2)
We can check the solution that Berta found: (–2, 3).
Substitute x = –2 and y = 3 into equation 1:
4(–2) + 3 = –5
–8 + 3 = –5
Hence, our equations and the solution are correct.
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All of the following are features of blockworks online except: resized diagnostic pane. Onscreen link to known issues. Tax tip selection screen. Always having the most current version. Advanced finish screens
Answers
The correct statement is (c): "The feature 'tax tip selection screen' is not a feature of Blockworks Online."
The feature "tax tip selection screen" is not a feature of Blockworks Online.
Blockworks Online is a tax preparation software developed by H&R Block. Some of its features include:
Resized diagnostic pane: Blockworks Online provides a diagnostic pane that displays alerts and messages for tax return errors, omissions, and other issues. This feature allows users to quickly identify and fix errors in their tax returns.Onscreen link to known issues: Blockworks Online provides an onscreen link to known issues and solutions for common tax return errors and issues. This feature enables users to quickly access solutions and avoid potential tax return errors.Always have the most current version: Blockworks Online is cloud-based, which means users always have access to the most current version of the software. This eliminates the need for manual updates and ensures that users are always using the latest version of the software.Advanced finish screens: Blockworks Online provides advanced finish screens that guide users through the process of reviewing and filing their tax returns. This feature ensures that users have properly completed their tax returns and reduces the likelihood of errors or omissions.Therefore, the correct statement is: "The feature 'tax tip selection screen' is not a feature of Blockworks Online."
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BRAINLIEST AND 130 POINTS
To be eligible for Bright Futures, you must
-be accepted to a public university anywhere in the US
-be accepted to a private university anywhere in the US
-earn a standard high school diploma or its equivalent
-earn a specific amount of part time income after school
jk about the points i just wanted attention but plz help
Answers
Answer:
C
Explanation:
it is c, you are required to have a high school diploma
the employer records the amount of federal income tax withheld as: multiple choice an asset. a payroll tax expense. a liability. an expense.
Answers
the employer records the amount of federal income tax withheld as a liability.
The federal income tax is levied against the yearly profits of people, companies, and other legal entities. Federal income taxes are due on all compensation, including salaries, monetary gifts from employers, business profits, tips, winnings from gaming, bonuses, and unemployment benefits.
National programs including national defense, veterans and foreign affairs, social programs, physical, human, and communal development, law enforcement, and interest on the national debt are funded in part by federal income taxes. You may learn more about withholding by using these resources.
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I feel like it’s depreciation I need help please
This occurs when a car is worth less as time goes on when you drive your new (or used ) car off the lot, the value starts to fall
Answers
a. What are the organisational policy and procedure requirements to implement an action plan?
b. Must any documentation be maintained or named in a specific way?
Answers
a. Policy and procedure requirements include adherence to information security policies, change management procedures, and incident response protocols.
b. Yes, documentation should be maintained and named according to established naming conventions and file management guidelines.
a. Organizations should have policies in place that outline security practices, such as access controls, data encryption, and incident reporting. Compliance with these policies ensures that security measures are implemented consistently throughout the organization.
It is important to have documented procedures for managing changes to systems, processes, or configurations. These procedures typically include steps for requesting, reviewing, approving, and implementing changes, ensuring that proper controls and testing are in place to minimize risks.
Organizations should have established protocols for responding to security incidents, such as data breaches or cyberattacks. These protocols outline the roles, responsibilities, and actions to be taken during and after an incident, ensuring a coordinated and effective response.
b. Maintaining documentation is crucial for effective implementation and ongoing management of an action plan. It is recommended to maintain documentation in a structured manner and follow established naming conventions and file management guidelines. This ensures consistency, easy retrieval, and efficient collaboration among stakeholders.
Documentation should be appropriately named to reflect its content and purpose, making it easier to locate and reference when needed. Consistent documentation practices also facilitate version control and auditability, enabling organizations to track changes, review past actions, and ensure compliance with internal and external requirements.
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How are cooperatives similar to nonprofit organizations.
Answers
A nonprofit organization that is tax-exempt appears similar to a cooperative that operates on “not-for-profit” basis and doesn't pay taxes on some of its earnings. Both nonprofits and cooperatives can have members and use member-based governance.
A LOT OF POINTS PLEASE HELP
1. Why is gathering information the first step in managing personal finances? Why is it important to have accurate information about your personal finances? How might this impact processes like applying for a loan?
2. Imagine that you are going off to college and need to open a bank account. What kind would you use and why? Then imagine yourself several decades later, after you have worked for years and saved some money. What kind of accounts will you need then and why? What are the disadvantages of some of the choices?
3. You have just received your bank statement, which shows that you have a balance of $562.73. However, you wrote your cousin a check for $150, and she has not cashed it yet. Your paycheck, which was direct deposited in your account after the statement, was $893.86. You also wrote a check for your rent that was $400 and spent $73.26 on groceries this morning. What do you need to do to reconcile your account and what total will you get when you do?
4. How does earned income, like wages, differ from unearned income, like interest or rental income? How would you pay taxes on these different types of income?
5. Why is it important for individuals to correctly calculate their tax liability? Explain what a tax liability is and how it is calculated in your answer.
Answers
With regard to managing personal finances,
Gathering financial information allows for informed decision-making.Checking accounts may be good for college; other accounts needed later.Update records and calculate new balance to reconcile account.Earned income is from work, unearned from other sources.Correctly calculating tax liability avoids penalties and fines.What is the rationale for the above response?1) Gathering information is the first stage in personal finance management since it helps you to understand your financial condition and make educated financial decisions. It is critical to have correct information about your personal finances since it might affect procedures such as loan applications, which normally involve evidence of your income, spending, and assets.
2) When leaving for college, a checking account may be an excellent choice because it allows you to readily access your money and make purchases with checks or a debit card. After working and saving for several decades, you need a savings account or a retirement account.
Some account types may have fees or restrictions on how frequently you may access your money.
3) To reconcile your account, update your records and calculate your new balance by subtracting written checks and adding deposits not yet reflected.
4) It is to be noted that earned income is from work and unearned income is from other sources. Taxes on earned income are usually withheld, while taxes on unearned income may be quarterly or yearly.
5) Also note that calculating tax liability correctly avoids penalties and is important. It is calculated by applying tax rate to taxable income after deductions and exemptions.
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Multiple Choice
Which of the following illustrates why corn was such a precious commodity to Native Americans?
The kernels were easy to transport.
It was easy to plant and grew quickly.
o One kernel could produce one to two ears.
It could be grown in any type of soil.
Answers
What must be done if a transaction increases the left side of the accounting equation?
Answers
Answer:
Explanation:
Neje
A list of the knowledge, skills, and other qualities a person must possess in
order to qualify for a job is called a
A. human resource plan
B. job description
C. résumé
O D. job specification
Answers
Answer:
Job description
Explanation:
Just did it
A list of the knowledge, skills, and other qualities a person must possess in order to qualify for a job is called a job description. The correct option is B.
What are good job descriptions?A clear and attractive job description is a sign of a good one. Make your ads easy to read because job seekers may search for open positions on their phones. Lists with bullets are simpler to read than paragraphs with a narrative structure. Additionally, well-structured sections aid in separating responsibilities from prerequisites and necessary from desirable skills.
The tasks, duties, functions, and responsibilities of a position are described in a job description, which is a helpful document written in simple language. It specifies who is responsible for carrying out a particular type of work, how it is to be done, how frequently it is to be carried out, and how it relates to the mission and objectives of the organization.
Thus, the ideal selection is option B.
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Your survey indicates the following favorite beverage choices: 20 milk, 13 water, 22 soda, 32 coffee. What percentage of
customers can you satisfy if you just serve water or soda?
Answers
You can satisfy 38% of customers with water or soda from the given beverage choices.
How to find out the percentage of customers?
Total customers= 87
Milk and Water customers= 33 (20+13)
20+13=33 out of 33+22+32=87
33 out of (/) 87 = 33/87=0.379 or 0.38 or 38%
What is a beverage industry?
The beverage business manufactures beverages, particularly ready-to-drink goods. Depending on the product being manufactured, drink manufacturing can vary substantially. Bottling facilities vary in the kinds of bottling lines they use and the kinds of beverages they can process. Examples include alcohol, carbonated beverages, soft drinks, energy drinks, milk products, coffee- and tea-based goods, and mineral water.
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Question 1 of 10
An investment that you bought for
profit
and sold for
made a
500;600
500;400
600;400
600;500
Answers
Answer:
500;600
an investment
Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
Answers
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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the majority of private sector employment in the u.s. economy is in the _______ sector.
Answers
The majority of private sector employment in the u.s. economy is in the Service sector. The third tier of the three-sector economy is the service sector, also referred to as the tertiary sector.
Why is the United States a service industry?Employment—It is most straightforward to explain how services affect employment. Today's U.S. economy is referred to as a "service economy." This is so because the service sector employs the vast majority of the working population.
The United States services sector, a broad economic category that now includes financial services, media, transportation, and technology, was responsible for 67 percent of the GDP.
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Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.
Answers
D. They want to be sure the applicant can collaborate and work well
with other team members.
Explanation:
Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.
What is a technical job?Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.
Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.
However, it is important to realize not all technical skills at an individual’s disposal should be listed.
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it is known that a target store can turn its inventory 5 times per year. suppose the annual sales revenue is $4 million, and the cost of goods sold is $2 million. what is the value of average inventory (in millions)?
Answers
The value of average inventory will be equal to $0.4 millions.
Inventory Turnover ratio is rate at which any company replaces its inventory by transporting all the manufactured goods. This tells that how good the production is going within the company and the company is in profit. The formula of Inventory turnover ratio is expressed as
Inventory turnover ratio = Cost of goods sold/Average value of inventory
On putting the values we get
5 = $2000000/Average value of inventory
Average value of inventory = $2000000/5
Average value of inventory = $400000
Average value of inventory = $0.4 millions
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
assume zero transaction costs. if the 180-day forward rate underestimates the spot rate 180 days from now, then the real cost of hedging payables with a forward contract will be a. negative. b. positive if the forward rate exhibits a premium, and negative if the forward rate exhibits a discount. c. zero. d. positive.
Answers
The real cost of hedging payables with a forward contract will be zero.
What are hedging payables?
Foreign currency futures or forward contracts can be bought to hedge payables. A money market hedge strategy is an alternative; in this scenario, the MNC borrows its home currency and converts the proceeds into the foreign currency that will be required in the future.
Hedging is accomplished by purchasing a currency with opposite currency exposure. For instance, if a business has the commitment to provide one million euros in six months, it might mitigate this risk by agreeing to buy one million euros on the same date, enabling it to buy and sell on the same day in the same currency.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.