The simple exponential smoothing is a method suitable
for predicting data with no style or seasonal pattern. While
in Moving Averages the past observations are weighted similarly, Exponential
Smoothing allocates exponentially lessening weights as the
observation get older.
<span>Forecast for upcoming week = 25.10 + 0.3 (31 – 25.10) =
26.87</span>
Answer: $117,000
Explanation:
So we are to calculate the Raw Materials purchased during the year.
Logically speaking the following should hold,
Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used
Agreeing on that and rearranging the formula we will have,
Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory
Slotting in the figures we will then have,
Raw Material purchased during the year = 114,000 + 56,000 - 53,000
= $117,000
Raw materials purchased during the year amount to $117,000.
Answer:
$18,500
Explanation:
The first in first out (FIFO) inventory system assumes that It is the first purchased inventory that is the first to be sold.
Total inventory sold = 175 + 50 = 225 units
The first 50 units would be taken from the beginning inventory which costs $80. Total cost of 50 units of inventory would be $80 × 50 = $4,000
This leaves 75 units of the beginning inventory.
The 175 units sold would be taken from the remaining 75 units of the beginning inventory and the 270 units purchased
75 × $80 = $6,000
100 x $85 = $8500
Total cost of goods sold = $6,000 + $8500 + $4,000 = $18,500
I hope my answer helps you
The correct answer is B. Pre-construction.
Pre-construction is the project which is done before construction starts.
In pre-construction a person evaluates the documents which are being associated with the project.
The person evaluates equipment and material expenses what they will cost, and time when the construction will be finished.
Answer:
Public relations
Explanation:
Public relations refers to how a company builds its relationship with the community and its consumers.
What Magnificent Manufacturing's employees are doing is a very nice action, but it is done to grab the attention of the press and get "good press" for the company. This way the community will have a positive view about the company.
