Problems Chapter 12

In: Business and Management

Submitted By adam01
Words 1617
Pages 7
Problems Ch. 12
Problem 2
2. Given the series of demand data below
Period 1 2 3 4 5 6 7 8 9 10
Demand 40 33 56 43 23 45 38 40 29 40

a. Calculate the forecast for periods 7 through 11 using moving average models with n=2, n=4, and n=6
b. Calculate the bias and MAD for each set forecasts. Which moving average model is best?
Table for n=2
Period Demand Moving Average for n=2 MFE MAD
1 40
2 33
3 56
4 43
5 23
6 45
7 38 34 4 4
8 40 41.5 -1.5 1.50
9 29 39 -10 10.00
10 40 34.5 5.5 5.50
11 34.5 -2 21.00

Period Demand Moving Average for n=4 MFE MAD
1 40
2 33
3 56
4 43
5 23
6 45
7 38 41.75 -3.75 3.75
8 40 37.25 2.75 2.75
9 29 36.5 -7.5 7.5
10 40 38 2 2
11 36.75 -6.5 16 Table for n= 4

Table for n=6
Period Demand Moving average for n=6 MFE MAD
1 40
2 33
3 56
4 43
5 23
6 45
7 38 40 -2 2
8 40 39.67 0.33 0.33
9 29 40.83 -11.83 11.83
10 40 36.33 3.67 3.67
11 35.83 -9.83 17.83

Which moving average model is best?
Table for n=2 is the best option because is the one forecast that has the lower % of error

Problem 3
3. If last period’s forecast was 27 and the demand was 30, what was the forecast error? What would be forecast for the next period using an exponential smoothing model with alpha=.5?
Dt -Ft = Forecast error
Dt=30
Ft=27
Forecast error=30-27= 3
Ft+1 = α dt + (1- α) Ft
Ft+1 = (.5) (30) + (1-.5) 27
Ft+1 = 15+ .5 (27)
Ft+1 = 15+ 13.5
Ft+1 = 28.5

Problem 5
5. You have become concerned about the amount of copier paper used in your office after repeatedly running out of supplies. Your assistant keeps track of the number of reams (packages of 500 sheets) for 24 weeks:

Week 1 2 3 4 5 6 7 8 9 10 11 12
Reams of paper 232 263 271 248 235 261 207 243 237 293 243 260
Week 13 14 15…...

Similar Documents

Chapter 12 Solutions

...EXERCISE 12-1 (15–20 minutes) (a) 10, 13, 15, 16, 17, 19, 23 (b) 1. Long-term investments in the balance sheet. 2. Property, plant, and equipment in the balance sheet. 3. Research and development expense in the income statement. 4. Current asset (prepaid rent) in the balance sheet. 5. Property, plant, and equipment in the balance sheet. 6. Research and development expense in the income statement. 7. Charge as expense in the income statement. 8. Operating losses in the income statement. 9. Charge as expense in the income statement. 11. Not recorded; any costs related to creating goodwill incurred internally must be expensed. 12. Research and development expense in the income statement. 14. Research and development expense in the income statement. 18. Research and development expense in the income statement. 20. Research and development expense in the income statement. 21. Long-term investments, or other assets, in the balance sheet. 22. Expensed in the income statement. EXERCISE 12-4 (15–20 minutes) 1. Palmiero should report the patent at $900,000 (net of $600,000 accumulated amortization) on the balance sheet. The computation of accumulated amortization is as follows. Amortization for 2010 and 2011 ($1,500,000/10) X 2 | $300,000 | 2012 amortization: ($1,500,000 – $300,000) ÷ (6 – 2) | 300,000 | Accumulated amortization, 12/31/12 | $600,000 | 2. Palmiero should amortize the franchise over its......

Words: 781 - Pages: 4

Linux Chapter 12 and 13

...Review Questions 2. B 4. B 6. A, C 8. B, C 10. A 12. B 14. True 16. D 18. A 20. A, C, D Hands On Projects 12-1 1. OK 2. OK 3. Just one device, eth0 for the Ethernet. Just one driver for that device. 4. Most likely when the system was first installed. OK 5. OK 6. OK 7. 8. OK 9. OK 10. The old one as the script has not been read since it was modified. OK 11. OK 12. The new one as the modified script was read at boot.Yes 13. OK 14. OK 15. The modified configuration. 16. OK 12-2 1. OK 2. 3. No DNS servers have been setup. 4. Files then dns. 5. an entry for: 127.0.0.1 server1 localhost.localdomain localhost 6. Yes 7. Yes 8. Yes it was resolved, but not available to contact. 9. Yes it was resolved, but not available to contact. 10. OK 12-3 1. OK 2. 204.152.189.116, yes, zeus-pub.kernel.org. 3. nslookup lists the IP of your DNS server. 4. Detailed query information and statistics. 5. OK 12-4 1. OK 2. 10.0.2.2 3. OK 4. Yes it will interfere with the default gateway. 5. 30 6. No, and at least 1. 7. Ok Discovery Assignments 1. Subnet mask = 255.240.0.0 Hosts per network = 220-2 First five ranges are: 100.0.0.1–100.15.255.254 100.16.0.1–100.31.255.254 100.32.0.1–100.47.255.254 100.48.0.1–100.63.255.254 100.64.0.1–100.79.255.254 2. The cat command is run on the remote system; to......

Words: 926 - Pages: 4

Business Management Chapter 12

...responsibility and pleasure to find a keynote speaker for our event in December. Many students have voiced to me that they want to know more about your business and your company TempHelp4You. As you are an alumnus of PSU I know that you know the importance of creating a hands on learning environment for the students. We understand you are having vision problems and we can help in any way to get you here and escort you around the campus, as it is hard to navigate for me. Speaking points that we are interested in hearing would be as follows: * Start of your business * Companies that you have partnered with * Current job opportunities in the business community * Any personal experiences that have helped you grow as a respected business leader As I am sure you are aware we have always enjoyed your presentations in the past and I know it would be a great treat for the students and I as well here at PSU to hear you speak again. The presentation should last about 30 min and a Q&A afterwards so we ask the you are prepared for that as I am sure you’re well versed. The event in question will be held on December 13 2013 from 12:00pm to 1:30pm in the Student Union Building. We will need a decision by November 22 2013. We look forward to a meeting of the minds with you and have high hopes that we will be able to hear the story of your business. Again I would like to express my gratitude ahead of time and let me know if there is anything I can do for you......

Words: 377 - Pages: 2

Chapter 12 Supply Chain

...ANSWER KEY Homework Chapter 12 – Managing Production Multiple Choice: 1. D 2. C 3. C 4. B 5. D 6. C | 7. D 8. C 9. B 10. D 11. D | Essay – Chapter 12/12S 1. What is MRP Nervousnes?.Can this condition affect DRP system as well?. Answer: MRP nervousness refers to the observation that any change, even a small one, in the requirements for items at the top of the bill can have drastic effects on items further down the bill. As you fall short of parts at the top, you cannot create more parts as you go down the bill, and at the bottom you have massive amounts of shortages. MRP nervousness can affect DRP systems as well because they use MRP-style logic to feed accurate demand information into the master schedule. 2. What are the benefit of having formal Master Scheduling Process?. What happen to the firm that don’t follow some of basic rules of master scheduling?. Answer: It is good to have a formal master scheduling process because it ensures uniformity in the calculation and results, no matter who does the scheduling. If firms do not follow some of the basic rules of scheduling there would be a disconnect between the supply chain, sales, marketing, and finance and that almost ensures that there will be chaos among these units. 3. What is the different between information flow and information system? Do information system always have to be computerized? Why? Answer: An information flow focuses on “what” information is......

Words: 308 - Pages: 2

Mfrs Chapter 12

...Chapter 12 1(a) Tagline Statement of Cash Flows For the year ended 31 December x5 | RM’000 | | RM’000 | Cash from operating activities: | | | | Profit before taxation | | | 50 | Adjustments fro: | | | | Depreciation | | | 2,200 | Profit on disposal of PPE (12,000-7,400) | | | (4,600) | Release of government grant | | | (250) | Increase in insurance claim receivable | | | (300) | Interest expense | | | 260 | Investment income | | | (40) | Cash generated from operations | | | (2,680) | Increase in inventories | | | (700) | Increase in trade receivables | | | (500) | Increase in trade payables | | | 1,100 | | | | (2,780) | Interest paid | | | (260) | Income taxes paid | | | (1,350) | Net cash flow from operating activities | | | (4,390) | | | | | Cash flows from investing activities: | | | | Purchase of plant | (2,900) | | | Proceeds from the disposal of plant | 12,000 | | | Proceeds from government grant | 950 | | | Investment income | 40 | | 10,090 | Net cash inflow......

Words: 1211 - Pages: 5

Astronomy Chapter 12

...Anatomy Chapter 12 Questions Gaps in the asteroid belt (often called Kirkwood gaps) are caused by ______. orbital resonances with Jupiter In science fiction movies, spaceships are often shown dodging through large numbers of closely spaced, boulder-size objects. Which of the following real things in our solar system would look most like such science fiction dangers? the rings of Saturn Suppose we discover a new comet on an orbit that brings it closer to the Sun than Mercury every 125 years. What can we conclude? It has been on its current orbit for only a very short time compared to the age of our solar system Which of the following objects are probably not located in the same region of the solar system in which they originally formed? oort cloud comets The discovery of Eris __________. was not surprising, because other Kuiper belt objects approaching the size of Pluto had already been discovered When we see a meteor shower, it means that _________ Earth is crossing the orbit of a comet When you see the bright flash of a meteor, what are you actually seeing? the glow from a pea-size particle and the surrounding air as the particle burns up in our atmosphere Suppose you find a meteorite made almost entirely of metal. According to current science, which of the following statements must be true? Your meteorite is a fragment from the core of a large asteroid that shattered in a collision Why didn't a planet form where the asteroid belt is now......

Words: 454 - Pages: 2

Chapter 12

...Chapter 12 Intangible Assets Lack physical substance (patents, copyrights, franchises, licenses, trademarks, trade names, goodwill) They are NOT financial instruments (A/R, notes and bonds receivable,….ect.) Valuation: Record at cost (everything necessary to make asset ready for intended use). For internally-generated intangibles, only direct costs are capitalized (e.g., legal costs for patent). If insignificant cost, then usually expensed. Amortization:* Limited-life intangibles—over useful life. Amortizable base equals cost minus residual value. Indefinite-life intangibles—do NOT amortize. * Usually decrease the value of the asset directly, can use a contra-account: Accum. Amort. “Types” of Intangible Assets Legal Amortization life Period Market-related: Trademark Indefinate, Company name renewable Not amortized Customer-related: Customer lists None Lesser of useful or economic life. Artistic-related: Copyrights Life of creator Lesser of useful or plus 70 years economic life. Contract-related: Franchises Length of Length of Licences contract or contract or Permits indefinite not amortized Technology-related: Patents 20 years Less of useful or legal life. Goodwill: None Not amortized Recording Goodwill Duncun Corp. purchased the Fran Company for $300,000 on December 31, 2003. The balance sheet of Fran......

Words: 1637 - Pages: 7

Managerial Accounting: Fifth Edition Chapter 1: Exercise 14 – Problems 2 & 4 Chapter 2: Exercises 9 & 12 – Problems 1 & 6

...CHAPTER 1: Exercise 14 If Ken stayed open on Saturdays, the added income would be $130,000 per year ($2,500 x 52), while the additional costs are shown to be $1,000 ($700 + $500 + $100 + $200). Using these two figures, we can calculate the opportunity cost (the loss from an opportunity not taken), which would be $1,500 ($2,500 - $1,000). To me, this says that Ken should keep his shop open on Saturday’s. Rent or depreciation of office equipment do not need to be calculated because these are fixed costs. They would not change regardless of how many days his shop is open nor his shops production. Also, rent of course would not change if his shop stays open on Saturday’s because rent covers the whole month. Problem 2 a.) If we reference 1-1 so we can see the production costs, we need to add the ingredient costs of $20,000 + labor costs of $12,000, totaling $32,000. Then divide that by the number of jars that actually produced (25,000). This equals $1.28/one jar of salsa. The incremental cost is calculated as follows: $1.28 x 50,000 (extra jars of salsa) = $64,000. b.) The revenue started out at $1,625,000 (325,000 jars x $5.00), while the new revenue would be $1,725,000 (375,000 x $4.60). After calculating the difference, we can see that the incremental revenue after the reduction of price would be $100,000 ($1,725,000 - $1,625,000). c.) Yes, he should lower the price of its salsa. Problem 4 a.) On page 6 of our text book, we learn about the......

Words: 731 - Pages: 3

Chapter Problems

...Homework Problems Chapter 11 by Jose Aguilar for BUS539 Financial Management California Baptist University Professor Stephen Christie June 18, 2015 Initial Outlay Given the cost of equipment and the initial investment cost we can calculate the initial outlay by simply summing the Cost of equipment and the initial investment. The total investment outlay is $22 million. The research cost of $150,000 is a sunk cost since it happen last year. Since it was spent last year it is not relevant. No change in investment outlay, it still remains at $22 million. The sum was done in excel. If the company sells the building then it will represent an opportunity loss. This needs to be incorporated into the initial investment outlay while the project is evaluated. Then, total investment outlay equals $22 million as determined previously plus $1.5 million which equals total investment outlay of $23.5 million CASH FLOW Given the information we calculated the problem in excel. Year 0 cash flow is calculated by subtracting base price from installation and required increase inventory thus giving us -1,118,000. The additional Cash Flow in Year 3 equals 605000 + (605000 - 81695)*(.35) + 15500 = 803657 To calculate IRR the following equation was used NPV = 0 = -1118000 + 375612/(1+r)^1 + 418521/(1+r)^2 + (304148 + 803657)/(1+r)^3. We have an IRR as 25.87 or 26%, yes the machine should be purchased. NPV, IRR, MIRR, and PI For this problem we reached the same......

Words: 473 - Pages: 2

Accounting Chapter 11 and 12

...Week Six Homework – Chapter 11 & 12 Accounting S11-7 1. Earnings = Net income − preferred dividends per share /average number of common shares outstanding 2. Earnings per share of common stock: Income (loss) from continuing operations Income (loss) from discontinued operations Income (loss) before extraordinary item and cumulative effect of change in accounting principle Extraordinary gain or loss Cumulative effect of change in accounting principle Net income (net loss) 3. Earnings per share is useful because it relates a company’s income to one share of the company’s stock. Stock prices are quoted at an amount per share. Earnings per share is used to help determine the value of a share of stock. S11-12 1. Management of Ashburnham Computer, Inc. is responsible for the company’s financial statements. 2. The accounting standard for financial statements is accounting principles generally accepted in the United States of America. 3. Management has established and maintains internal accounting control over financial reporting to fulfill its responsibility for reliable financial information. 4. Independent Registered Public Accounting Firm, auditors located in Portage, Michigan, gave an outside opinion on Ashburnham’s financial statements. Independent Registered Public Accounting Firm released its opinion on December 28, 2010. 5. The audit covered Ashburnham’s balance sheets at September 30, 2010, and......

Words: 543 - Pages: 3

Acc 403 Week 7 Chapter 12 Problems Strayer Latest

...ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST To purchase this visit here: http://www.activitymode.com/product/acc-403-week-7-chapter-12-problems-strayer-latest/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST ACC 403 Week 7 Chapter 12 Problems Strayer Latest Activity mode aims to provide quality study notes and tutorials to the students of ACC 403 Week 7 Chapter 12 Problems Strayer Latest in order to ace their studies. ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST To purchase this visit here: http://www.activitymode.com/product/acc-403-week-7-chapter-12-problems-strayer-latest/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST ACC 403 Week 7 Chapter 12 Problems Strayer Latest Activity mode aims to provide quality study notes and tutorials to the students of ACC 403 Week 7 Chapter 12 Problems Strayer Latest in order to ace their studies. ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST To purchase this visit here: http://www.activitymode.com/product/acc-403-week-7-chapter-12-problems-strayer-latest/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST ACC 403 Week 7 Chapter 12 Problems Strayer Latest Activity mode aims to provide quality study notes and tutorials to the students of ACC 403 Week 7 Chapter 12 Problems Strayer Latest in order to ace their studies. ACC 403 WEEK 7 CHAPTER 12 PROBLEMS STRAYER LATEST ...

Words: 568 - Pages: 3

Over to You Chapter 12

...Over to You - Chapter 12 - Cash Flow 1) a) 1800+700=£2500 b) 800+200+1200+400+320+80=£3000 c) -£500 2) He is facing cash flow crisis because his cash outflows are greater than his cash inflows by £500, so he has a negative net cash flow. This is mainly due to the amount he is paying his staff, as it is the largest cash outflow, if this is lowered (i.e. he lets some staff go, or reduces wages) he could have a better cash flow position. 3) This will improve his cash flow because it will lower the cash outflows for a period of time. This means that no cash will be going out of the business for that month, improving its cash flow position. The risk is though, that suppliers will refuse to sell any more products until they have paid back all of their invoices. So they would get less products to sell to improve the cash flow position. 4) I think that cutting back on orders of food would improve his cash flow to some extent because, it would mean less food overall would be wasted, as the same amount of orders would be made, so cash inflows would stay the same, but cash outflows would drop. This would improve the cash flow position. However, if this happens, the quality of the meals would drop, as they would use the bad parts of food, that would usually be thrown away, this could cause less repeat purchase in the business because people would not want to go to a restaurant that sells poor quality food, especially if he has a competitor near by that could sell high......

Words: 626 - Pages: 3

Chapter 12 Garden Gate

...2. Does the information in the table indicate any special problems or issues? What do you suggest the company do about them? Out of the 18 employees that left 13 were female. There a possibiliy that there is discrimination in the compan. The company should review their hiring/promotion strategies and retrain hiring staff to make a conscious effort to hire females. 3. Should Garden Gate discontinue its tuition-aid program? No, the company shouldn't discontinue the program because it is a powerful marketing tool that some of their competitors don't have. It would go against their value of treating their employees as investors. 4. Create a plan to improve the retention of tuition-aid recipients. Information about tuition-aid recepients needs to be included in the skills inventory database. The skills inventory needs to be updated and accurate on a regular basis. Employees receiving tuition-aid need to be made aware of all positions available. Names of these employees need to be made available to all hiring staff and supervisors when making a promomotion decision Garden Gate needs to implement and improve the ways its database it is organize. The HR department needs to be aware of the changes in status of their employees, and more importantly the job openings in every department of the company. Furthermore, They will need to create a better communication environment between supervisors and managers; they need to know how their employees are doing in case of......

Words: 699 - Pages: 3

Chapter 12

...TUGAS RESUME CHAPTER 12, 14 DAN 15 MATA KULIAH MANAJEMEN SUMBER DAYA MANUSIA (KELAS H) KELOMPOK 9 Nama Anggota : Auliana Maharani Puteri / 041411231251 Rila Nickytha Dewi / 041411231252 Fakhrur Rizal / 041411231253 Eva Amelia Rasidahwati / 041411233001 Amira Nadia Sawitri / 041411233004 Anggy Haristya Octari / 041411233015 Aza Rosmala / 041411233032 Kurnia Pramadhani / 041411233038 JURUSAN MANAJEMEN FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS AIRLANGGA 2015 CHAPTER 12 THE ORGANIZATIONAL REWARD SYSTEM DEFINING SYSTEM sistem reward organisasi terdiri dari jenis hadiah yang akan ditawarkan dan distribusi mereka. Imbalan organisasi mencakup semua jenis hadiah, baik intrinsik dan ekstrinsik, yang diterima sebagai hasil kerja oleh organisasi. Imbalan intrinsik yang internal untuk individu dan biasanya berasal dari keterlibatan dalam kegiatan atau tugas-tugas tertentu. Kepuasan kerja dan perasaan. Imbalan ekstrinsik secara langsung dikontrol dan didistribusikan oleh organisasi dan lebih nyata tha reward intrinsik. membayar dan manfaat rawat inap. RELATING REWARDS TO PERFORMANCE Pertimbangan untuk menentukan reward yang akan diberikan, jumlah prasyarat yang diinginkan telah diidentifikasi dan berlaku umum: * Kepercayaan dalam manajemen * Tidak adanya kendala kinerja * Supervisor terlatih dan manajer * Sistem pengukuran yang baik * Kemampuan untuk membayar * Clear perbedaan antara biaya hidup, senioritas, dan......

Words: 1988 - Pages: 8

Project Management Chapter 12

...Rohith Gutta Assignment for class 12/13/2011 Topic: Answers for Odd Questions in Chapter 12: The Project Audit Question 1: Give some examples of auxiliary project objectives? Answer: Below are some examples of auxiliary project objectives 1- Objectivity regarding scope budget deadlines and solution: Lack of objective in these areas is one of the basic causes of project failure. Decisions concerning the business case for initiating the project and establishing all of its parameters needed to the scrutinized for bias and inadequate diligence. 2- Experienced people at all levels in the project: Having experienced people on both the client side and the contractor side helps in a number of areas. Maintaining a cooperative, problem solving attitude, enforcing milestones and deliverables using professional project management techniques and maintaining continuous user involvement. 3- Authority matched with responsibility: Since a project is usually established with a certain scope but limited budget and schedule the project manager needs to have the authority to make tradeoffs between these objectives. This level of authority needs to be present on both the client and the contractor side. 4- Accountability sufficient to ensure that all parties perform as promised: Accountability needs to be thoroughly detailed in the original contracts and purchase orders. It should include details concerning the project champion the original estimator, suppliers, client team and...

Words: 413 - Pages: 2