43. A retail store manager is staffing for the holiday season and plans to provide employees with additional hours without hiring additional workers. Which factor in human capital planning would be important in this scenario? A.Projected interest rates B.Competitor forecasts C.Expected industry growth D.Availability of employees
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- Which would result in a positive budget forecasting error? 1. Overlooking a source of investment income II. Not taking into account an expense paid once а year II. Switching to a less costly gym v. Underestimating annual car expenses V. Overestimating expected capital gains1. Explain clearly the differences between forecasting and budgeting. 2. Define the following terms: i. Single-loop feedback. ii. Double-loop Feedback.1. A forecaster must decide on the value of this factor before he can use the simple moving average model. * a. Actual demand for each period b. Averaging period c. Exponential smoothing constant d.Weights 2. A forecaster must decide on the value of this factor before he can use the exponential smoothing model. * a. Actual demand for each period b. Averaging period c. Exponential smoothing constant d. Weights 3. A forecaster must calculate this value to assess the accuracy of a time series forecasting model. * a. Averaging period b. Correlation coefficient c. Exponential smoothing constant d. Mean absolute deviation
- V. Let's Explore / Let's Create 1. Discuss the other types of forecasting methods that financial analysts use to predict future revenues. 2. Are there any several other factors that may need to be considered that affects the sales forecast? RUBRIC Criteria Poor (3 Points) Fair (7 Points) Fair Good (10 Points) Good DeerAccording to a survey by Accountemps, 48% of executives believe that employees are most productive on Tuesdays. Suppose 220 executives are randomly surveyed. Appendix A Statistical Tables a. What is the probability that fewer than 99 of the executives believe employees are most productive on Tuesdays?b. What is the probability that more than 110 of the executives believe employees are most productive on Tuesdays?c. What is the probability that more than 88 of the executives believe employees are most productive on Tuesdays?Explain the term Forcasting. Why forcasting are Forecasting is one of the important functions of management. It is a part and parcel of planning function. Forecasting means prediction about future. Forecasting means analysis of future about the operations of an enterprise. It involves looking ahead for future event. Forecasting means a process of providing the details supported by budget. Forecasting means drawing a conclusion about production, sales, profit on the basis of research, study & survey.
- 5. (a) When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to a profit and loss statement. What type of forecasting information do you suppose would be required? (b) A picnic spot is open on Thursday, Friday and Saturday. The manager hopes to improve resource availability and scheduling of part-time employees by forecasting visitors in the next week. Data on visitors of the recent 5 weeks at the spot has been found. On Saturday, Thursday, and Friday there were 182. 95, and 280 in week 1; 197, 105, and 295 in week2; 178, 92, and 275 in week 3; 210, 109, and 305 in week 4; and 192, 100. and 284 in week 5. i. Find seasonal relatives of the days. ii. Forecast number of visitors in the resort for week 6 and that is for the days of week 6.tions Management Spring21 Time left 0:30:19 Qui The sales of XYZcompany for the previous three periods are 45, 42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals) O a. 42.8 O b. 41 Mar O C. None is correct 12- O d. 43.25 O e. 41.92 S PAGE NEXT PAGE Finish TOSHIBA F11 F17 F9 F10 F6 F7 F8 F5 F3 F4 60 AH1. Omar has heard from some of his customers that they will probably cut back on order sizes in thenext quarter. The company he works for has been reducing its sales force due to falling demand andhe worries that he could be next if his sales begin to fall off. Believing that he may be able to convince his customers not to cut back on orders, he turns in an optimistic forecast of his next quartersales to his manager. What are the pros and cons of doing that?
- Capital Budgeting with Taxes (Non-MACRS Depreciation); Sensitivity Analysis GravinaCompany is planning to spend $6,000 for a machine that it will depreciate on a straight-line basisover 10 years with no salvage value. The machine will generate additional cash revenues of $1,200 ayear. Gravina will incur no additional costs except for depreciation. Its income tax rate is 35%. Thepresent value annuity factor for 15%, 10 years (from Appendix C, Table 2) is 5.019.Required1. What is the payback period of the proposed investment (in years, and rounded to 1 decimal place) underthe assumption that the cash inflows occur evenly throughout the year?2. What is the accounting (book) rate of return (ARR) based on the initial investment outlay? Round youranswer to 1 decimal place (e.g., 13.571% = 13.6%).4 .Substitute for Problem # 4 on in attachment)-Calculate the MAD,revised MAD and the Revised Forecast for months 1-6 for the following three groups,where the Forecast stands for Forecast Demand.Has your forecast improved ? Tell me how would you go about improving the revised forecast( for each of the three groups)without actually doing so? Estate Planning Group Auditing and Accounting Group Business Consulting Group Month Actual Demand Forecast Actual Demand Forecast Actual Demand Forecast 1 100 125 270 230 140 135 2 90 125 240 230 130 135 3 110 125 280 230 160 135 4 115 125 260 230 180 135 5 130 125 300 230 200 135 6 115 125 220 230 190 135Demand forecasting is the primary data for decision-making in any organization. a. What will happen if organizations do not conduct a demand forecast? b. Consider any company of your choice and elaborate on your answer that you have given in part (a).