What is a demand forecast? Why is it relevant in budgeting?
Question:
What is a demand forecast? Why is it relevant in budgeting?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (20 reviews)
A demand forecast is an estimate of the number of units that cu...View the full answer
Answered By
Nandana Wijayarathna
I am a highly experienced writer in several areas,
Business management
Information technology
Business administration
Literature
Biology
Environmental science
History
4.50+
161+ Reviews
399+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Cost Accounting questions
-
What is a demand curve? What is it about the shape of a demand curve developed from real data that indicates the importance of the situation in which a price elasticity is measured?
-
What is a demand aggregator and how does it work?
-
What is demand software, and where in the budgeting process is it useful?
-
Based on the following data, determine the cost of merchandise sold for August: Merchandise inventory, August 1 $120,000 Merchandise inventory, August 31 150,000 Purchases 780,000 Purchases returns...
-
Prince Corp. and Sprite Corp. reported the following balance sheets at January 1, 2017: On January 2, 2017, Prince issued $36,000 of stock and used the proceeds to purchase 90% of Sprite's common...
-
The date the board of directors votes to declare and pay a cash dividend is called the: A. Date of stockholders meeting B. Date of payment C. Date of declaration D. Date of liquidation
-
Suppose we let ???? = 0.10. Perform the hypothesis test to determine if a linear relationship exists between x and y. Assume the assumptions are met.
-
For 2016, Silver Corporation (a calendar year business) incurred the following transactions: Taxable income...................................................................... $3,950,000...
-
Select the correct formula for computing equivalent units for the period under the weighted average approach. Multiple Choice A. Equivalent units = (Units transferred + Ending inventory units)...
-
Sam Simone is the manager of a family-run pet store. He is deciding whether to open an hour later on Sundays. From past sales on Sundays he has determined that the probability of zero sales during...
-
What is the relationship between a demand forecast and a sales plan?
-
Is employee training an example of a discretionary expenditure? Why?
-
It is desired to cool a variety of aromatic oil in a heat exchanger from \(515 \mathrm{~K}\) to \(315 \mathrm{~K}\) at a rate of \(4750 \mathrm{~kg} / \mathrm{hr}\). The temperature of the cooling...
-
2.11.2Project:Performance Task: The Parallax Problem Project Geometry Sem 1 (S3537251) Julio Duenas Points possible:120 Date: ____________ The Scenario:You're looking for a sponsor to pay for you to...
-
If the most common treatment of assigning overapplied overhead was used, the final balance in Cost of Goods Sold would have been * (1 Point) At the end of the last fiscal year, BREAD Company had the...
-
Angelina received new word processing software for her birthday. She also received a cheque with which she intends to purchase a new computer. Angelina's UNILUS Professor assigned a paper due in two...
-
At date t, the portfolio P to be hedged is a portfolio of Treasury bonds with various possible maturities. Its characteristics are as follows: Value YTM MD Convexity $1,450 6% 4.25 55 We consider...
-
A playground merry-go-round with an axis at the center (radius R = 1.3 m and rotational inertia | = 1.2 x 103 kgm2) is initially rotating at angular velocity w = 0.21 rad/s clockwise). A girl of mass...
-
Why is delegation so important to building organisational trust?
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
What assumption is made for an ideal gas, and what gives us the right to make that assumption?
-
Consider the following short descriptions. Indicate whether each of the following descriptions more closely relates to a major feature of financial accounting or management accounting: 1. Field is...
-
For each of the following, indicate whether the employee has line or staff responsibility. Also indicate whether the employee primarily provides support for other value-chain functions or performs a...
-
A poor ethical environment results in costs to the company. On the other hand, a good ethical environment creates benefits. List several costs of a poor ethical environment and benefits of a good...
-
Describe how the following affect the valuation of PPE. a) Cash Discounts b) Deferred Payment Contracts
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
-
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
Study smarter with the SolutionInn App