Compute a three-week moving average demand and a four-week moving average demand for weeks 5, 6, and 7. Compute the MAD for both forecasting methods. Which model is more accurate? Forecast week8 with the more accurate method
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Weekly customer demand for the ice cream can be seen in the table below.
|
Week |
Demand (gallons) |
|
1 |
280 |
|
2 |
295 |
|
3 |
315 |
|
4 |
300 |
|
5 |
340 |
|
6 |
335 |
|
7 |
350 |
Compute a three-week moving average demand and a four-week moving average demand for weeks 5, 6, and 7. Compute the MAD for both
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- It's Still Raining (ISR) manufacturers umbrellas. In order to better budget and manage costs, they are analyzing the purchasing costs behavior. They have the following data from the last six months of last year. Month Total Purchasing Costs Purchase Orders July $19, 670 460 August $20, 940 560 September $19,430 400 October $20, 020 500 November $18,800 470 December $19,340 480 Using the regression analysis function in Excel, what are the expected costs if 520 purchase orders are processed? Please round your answer to the nearest whole dollar.A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. Then, what is the value of total occupied room days?Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit. Variable expense per unit Fixed expense per month Unit sales per month Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage $26 $ 19 $ 6,090 1,020 $ 4,300 15.25 %
- The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear. Each unit sells for $25. The company began the period with a beginning accounts receivable balance of $10,000. Choose the correct answer from the options provided. Budgeted unit sales Percentage of sales collected in the quarter of the sale Percentage of sales collected in the quarter after the sale. Quarter First Second Third Fourth 1,500 1,300 1,400 1,300 Knowledge Check 01 What is the amount of budgeted sales revenue for the fourth quarter? O $32,500 $33,750 O $35,000 $37,500 $8,125 O $8,750 O $9,375 O $28,125 Year 5,500 75% 25% Knowledge Check 02 What is the amount of cash that is expected to be collected during the second quarter as a result of sales made during the first quarter?Happy Gilmore produces snackpacks. In 2021, its highest and lowest production levels occurred in July and January, respectively. In July, it produced 10,000 snackpacks at a total cost of $148,000. In January, it produced 4,000 snackpacks at a total cost of $100,000. Using the high/low method, determine the total cost prediction if they sell 5,000 snackpacks.The production planner of a company forecasts the sales over the next six months as 180, 220 , 210, 190, 170, and 210 units, respectively. The beginning inventory is 100 units and the last monthly production level was 130 units. The unit costs are given as follows: Inventory holding cost is 90 TL per unit per month; production cost is 1150 TL per unit; production level increasing cost is 300 TL per unit; and production level decreasing cost is 400 TL per unit. The planner decides to use level strategy, where the monthly production level is determined equal to the average of net demand. What is the total cost (in TL) of the resulting plan? O a 1,246,350 O b. 1,347,450 O c. 1,412,850 O d. 1,391,100 O e. 1,278,600
- Management is planning to increase menu prices 4 percent and also expects a 3 percent increase in sales volume. Forecast food sales for months 1-3 by using the following historical information: Month Sales Volume Last Year Month 1 $140,000 Month 2 175,000 Month 3 190,000The following information concerning sales revenues for a development, Cool Blue, for the last four months have been as follows. Month Sales revenues Website 'hits' 1 145,000 90,000 2 115,000 80,000 3 111,000 77,000 4 100,000 67,000 Calculate the revenues that should be expected in month five when hits is expected to be 85,000 units. Ignore inflation.Please creat an Excel spreadsheet with the marketing expenses and revenue data for the previous 10 quartersB.Perform regression analysis to determine the relationship between marketing expenses and revenueC.Using the regression results, creat a graph that plots the data provided along with predicted revenue and 90% confidence interval linesD.Forecast revenue for the next quarter if marketing expenses are budgeted as follows:i.$55,000ii.$65,000iii.$75,000iv.$85,000E.Is this a good representational model? Quantify your answer
- ARE YOU READY TO PRACTICE: Complete the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in Apr and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month ar expected to be collected as follows: • Month of sales: 20% ► A month after sales: 50% ► 2 months after sales: 30% - How much is total receipts from sales? Apr Jan Feb Mar May Total Units Sold 12, 500 P1,250,000 P250,000 Sales in Pesos Collection from current months sales Collection from previous P150,000 months sales Collection from two months P84,000 sales Total Collections from Sales 40,000 P926,000 PRACTICE EXERCISE 1: Fill the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,00 in May. Assume that cost per unit is PHP50. All purchases this month are paid the following month. How much is total cash disbursements for purchases? Jan Feb Mar Apr May Total Required production Cost in Pesos Payment from current…Bb.62.Management is planning to increase menu prices this year by 5 percent in Month 2 and another 3 percent in Month 4. Forecast food sales for months 1-6 this year by using the following historical information: Month Sales Volume Last Year Month 1 $140,000 Month 2 175,000 Month 3 190,000 Month 4 225,000 Month 5 265,000 Month 6 310,000
