If a competitive firm increases price, it loses all customers: they have perfect substitutes available from numerous other firms. Monopoly power, also called market power, is the ability to set price.
Firms with market power face a downward sloping demand curve. A monopolist is considered to be a price maker and can set the price of the product that it sells. However, the monopolist is constrained by consumer willingness and ability to purchase the good, also called demand. Once a monopolist determines how much to produce, the price of its output is determined by the maximum amount that consumers are willing to pay for the good. A monopolist produces a quantity such that marginal revenue equals marginal cost. The price is determined by the demand curve.
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kingbird. inc. began the year 2022 with $143600 in its common stock account and a debit balance in retained earnings of $61600. during the year, the company earned net income of $30800, and declared and paid $10300 of dividends. in addition, the company sold additional common stock amounting to $37600. based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?
The equity of all shareholders is 140100.
What exactly is shareholder equity?The amount of money invested in a business by its owners is known as shareholder equity. This includes the money they've invested directly and the money the company has earned and put back into the business since its inception.
Is net worth the same as stockholders' equity?A company's net worth, or shareholders' equity, is the difference between its total assets (what it owns) and its total liabilities (what it owes).Profits and net worth both rise when your business is successful.
Retained Earnings = (-61600)+30800- 10300 = -41100 Total Stockholder's Equity = 140100 Common Stock = 143600 + 37600 = 181200
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financial incentives that allow variability in compensation to reflect an individual employee's contribution are generally known as pay-for-performance programs. group of answer choices false true
The given statement is True. Pay-for-performance schemes are often referred to as financial incentives.
What is Pay for Performance? In contrast to the systematic entitlements model, the pay for performance model is used to compensate employee salaries. It is a sophisticated and complex model that promotes talent retention and increases employee engagement.A salary or wage payment system based on placing the individual or team on their pay band in accordance with their performance is known as performance-related pay, also known as pay for performance. Performance-related pay rise is not to be confused with this term.This standards-based system is widely used by employers to assess workers and determine salaries. When it comes to commission-based sales staff, standards-based methods have been in use de facto for centuries. High performers are paid more, and low performers are paid less, even if they manage to keep their jobs.To learn more about Pay for Performance refer :
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if the price level of what firms produce is rising across an economy, but the costs of production are constant, then: group of answer choices higher profits will induce expanded production. a majority of industries will start running into limits. increase in quantity produced won't be large. the maximum potential gdp will be exceeded.
if the price level of what firms produce is rising across an economy, but the costs of production are constant, then higher profits will induce expanded production.
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
Price levels can be displayed as discrete values, like a dollar amount, or they can be described in narrow ranges, as ticks with the prices of securities.
Price levels are a crucial signal in economics, and economists pay particular attention to them. They are crucial to the selling of goods and services as well as the spending power of consumers. In the chain of supply and demand, it also has a significant role.
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regarding perfect competition, what does it mean when the goods sold by the firms in a market are homogeneous?
When two homogenous products are ideal equivalents for one another and consumers are unable to distinguish between the goods sold by various businesses, the products are said to be homogenous. The most crucial differentiator in the perfect competition between businesses making similar items is price.
What do you mean by a homogeneous product in perfect competition?When a product is homogeneous, it means that its quality, form, size, and color are all the same. Therefore, no manufacturer can set a different price for the goods it produces. The market is characterized by homogeneous pricing.
A market with perfect competition has homogeneous goods (identical). Each vendor (or business) delivers a homogenous product in a market with perfect competition, meaning that each unit of the product has the same size, form, and other characteristics.
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in the context of establishing incentive systems, identify a true statement about the attitude of unions toward incentives
In the context of establishing an incentive systems, a true statement about the attitude of unions toward incentives is that Unions tend to support organization wide systems because they provide extra earnings to their members.
What is an incentive systems?The basic requirement of creating an effective incentive system for individuals and the organization is understanding the human behavior and motivators of human behavior. Various theories helps to understand human behavior include utility theory, principal-agent theory, need hierarchy theory, two factor theory, cognitive evaluation theory, expectancy theory, goal-setting theory, and equity theory.
All these determinants influencing human judgment and decision-making highlights the complexity of understanding human behavior. The elements that are part of an incentive system includes:
Monetary Compensation (example: bonuses, awards, profit-sharing, and incentive plans)Non-monetary Compensation (example: gifts, company car, company insurance)Targets (example: easy, difficult, stretch)Career Prospects (example: promotion, termination of contract)Reputational Considerations (example: praise, awards, status, wider recognition in society, positive impact of job)Meaningfulness of Tasks (such as job rotation, job enrichment, enlargement).Read more about incentive system
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elan, a u.s. corporation, completed the december 31, 20x8, foreign currency translation of its 70 percent owned swiss subsidiary's trial balance using the current rate method. the translation resulted in a debit adjustment of $25,000. the subsidiary had reported net income of 800,000 swiss francs for 20x8 and paid dividends of 50,000 swiss francs on september 1, 20x8. the translation rates for the year were:
.57 is the translation rates for the year 2018 and $1,881,050 is subsidiary's trial balance of elan corporation in the year 2018 using the current rate method.
What is current rate method ?The current rate method is a widely used method of currency conversion that makes use of the current exchange rate on the market. The process of converting a parent company's foreign subsidiaries' financial results into that functional currency is known as currency translation.When a company has operations abroad, it could be necessary to convert the foreign currency that is earned by such operations into the presentation currency, which is the currency that is used to prepare the firm's financial statements.By dividing the amount of the initial currency by the amount of the foreign currency you will receive back, you can determine the exchange rate.
The formula is: Starting Amount (Original Currency) / Ending Amount (New Currency) = Exchange Rate.
jan 1 2008 .55 =1 franc
sept 1 .59 = 1 franc
Average for the year .57 = 1 franc
The January 1 balance of the investment in the Swiss subsidiary account was $16,00,000
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howard owns a rental property in another state. he must travel to maintain and manage the rental property. to be able to deduct his travel expenses he must:
To be able to deduct his travel expenses he must divide the costs between activities that require rentals and those that don't.
Landlords can deduct a sizable amount from their taxes for mileage and travel. You will have to spend time and money getting to and from your property if you don't live next door, whether it's to pick up supplies, oversee viewings, or do property inspections. These travel costs can be written off from taxable income at the end of the tax year rather than having to pay them up front.
By doing this, you'll be able to maximize revenues while lowering your taxable income. Knowing what travel expenses are tax deductible and how to compute your mileage tax deduction is essential for maintaining your tax compliance.
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tom purchased a 7-year asset for his business in february, three years ago, at a cost of $4,500. it is being depreciated using the half-year convention for macrs. he did not deduct any bonus depreciation and or take a sec. 179 expense in the year of purchase. the asset was sold in april of year 4. how much depreciation will tom deduct for the asset in year 4?
Depreciation will tom deduct for the asset in year 4 is $281 .
Reason: .1249 x $4,500 x .5
In accounting, depreciation is a term that refers to two aspects of the same concept. The first is the actual decline in an asset's fair value over time, such as through use, wear and tear or obsolescence. This reduction is measured as depreciation.
Description: Depreciation, i. H. A decrease in the value of an asset can also be caused by many other factors, such as adverse market conditions at any time during the asset's expected useful life. Depreciation includes depreciation of assets with a predetermined useful life.
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sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. if sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. what is the marginal revenue of the 11th customer? a) $437 b) $400 c) $37 d) $7
The marginal revenue of the 11th customer is $7 .
Option D is correct .
Marginal revenue :Marginal revenue is the increase in revenue that results from the trade of one fresh unit of affair. While marginal revenue can remain constant over a certain position of affair, it follows from the law of dwindling returns and will ultimately decelerate down as the affair position increases. Marginal revenue is a central conception in microeconomics that describes the fresh total revenue generated by adding product sales by 1 unit
Evaluating marginal revenue :Marginal revenue is the change in total income from 10 customers ($400) to 11 clients ($407).
Sean charges = $40
10 customers = $40 × 10
= $ 400
Lowers the price = $37
11 customer = $ 37 × 11
= $ 407
Marginal revenue = $407 - $400
= $7
Hence, the marginal revenue of Sean = $7
How a monopolist maximizes profits?A monopolist maximizes profits by choosing that affair and price at which marginal cost is equal to or comes as close as achievable to( without surpassing) the marginal revenue. This is given that the price is lesser than the mean variable cost, and that the marginal cost is uprising at the profit- maximizing affair.
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Deductions and credits can _______ what you owe in taxes each year. Increase reduce double share with others.
Deductions and credits can reduce what you owe in taxes each year.
What is the impact of the Deductions and credits on the owed taxes?The impact of the Deductions and credits on the owed taxes is differnt, it should be noted that the Deductions can bring about the reduction in the income that you make by the time that you will now statrt to make the calculation of the tax that you have been owing.
It should be nopted that the Credits can as wellk bring about the reduction and can as well increase your tax refund.
Therefore, the second option is correct.
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Answer:
B. Reduce
Explanation:
if the contribution margin per unit is $100 and fixed costs total $1,000, how many units must be sold to earn a profit of $10,000?
If fixed costs total $1,000 and the contribution margin per unit is $100, 110 units must be sold to make a profit of $10,000.
Contribution Margin: What Is It?The contribution margin may be expressed on a gross or per-unit basis. It represents the additional revenue generated for each good or unit sold following the deduction of the variable portion of the business's costs.
The contribution margin is equal to the selling price per unit less the variable cost per unit. The indicator, also known as dollar contribution per unit, illustrates how a particular product influences the overall revenue of the business.
It provides a way to illustrate the potential for profit of a certain product being sold by a business and shows what proportion of sales are used to cover fixed costs. Profit is the amount that is left over after paying fixed costs.
Calculation:
Fixed costs + desired profit/contribution margin per unit = Sales volume in units.
$1,000+$10,000/$100 = 110 units
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five year ago, the 10-year bond was paying 9.5%. at the same time, the 5-year bond was paying just 9.3%. according to the expectation theory, what is the current 5-year rate expected by investors? group of answer choices
9.7% is the current 5-year rate expected by investors .
Let Current 5 year Rate be R
5 year Rate (R1) five years ago= 9.3% or 0.093
10 year Rate (R2) five years ago = 9.5% or 0.095
As per Expectation Theory,
(1 + R1)^Period * (1 + R)^Period = (1 + R2)^Period
(1 + 0.093)^5 + (1 + R)^5 = (1 + 0.095)^10
(1.093)^5 + (1 + R)^5 = (1.095)^10
1.5599 + (1 + R)^5 = 2.4782
(1 + R)^5 = 2.4782 / 1.5599
1 + R = 1.5887^(1/5)
R = 1.097 - 1
R = 0.097 or 9.7% [0.097 * 100]
The expectation theory (also known as the expectancy theory of motivation) postulates that people react or act in various ways because they are motivated to choose a certain conduct over others based on what they anticipate the outcome of that behavior to be. In essence, the outcome's attractiveness determines the motive behind the action choice.
However, the cognitive process through which a person interprets the many motivational components forms the basis of the theory. Before making the final decision, this is done. Making a choice on how to behave involves many other considerations in addition to the outcome.
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in which year did president deng decide on economic zones and open the coastal regions for foreign investments?
In 1979, Chinese Paramount leader Deng Xiaoping decide on economic zones and open the coastal regions for foreign investments.
What are economic zones?
A special economic zone (SEZ) is a region where trade and business regulations differ from those in the rest of the nation. SEZs are designated areas inside a nation's boundaries with the objectives of improving trade balance, employment, attracting more investment, creating jobs, and having efficient administration. Financial measures are put in place to entice enterprises to locate in the zone. Investing, taxes, commerce, quotas, customs, and labor laws are frequently covered under these policies. Companies may also be given tax holidays, which entitle them to a period of reduced taxes after locating in a zone.
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which industry gives the most in-kind contributions? group of answer choices high-technology companies. grocery retailers. pharmaceutical companies. publishing houses.
pharmaceutical companies gives the most in-kind contributions.
Who is the biggest pharmaceutical company?Largest Pharmaceutical Companies Research Summary
The greatest pharmaceutical company in the U.S. is Johnson & Johnson, with a revenue of $93.77 billion. As of 2021, the U.S. pharmaceutical enterprise has a market dimension of $560 billion. Over 4.38 billion retail prescriptions are sold in the U.S. each year.
Who are the massive 3 in pharma?About ninety two percent of prescription capsules in the United States are dispensed thru wholesalers, with three — AmerisourceBergen, Cardinal Health, and McKesson Corporation — accounting for more than 90 percent of wholesale drug distribution in the United States.
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https://brainly.com/question/4677002#SPJ4arion drives 20 miles a day from his first job to his second job. he worked 125 days during 2021 on both jobs. what is marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year?
Marion's mileage deduction rounded to the nearest dollar is 1400.
Given,
Marion drives 20 miles in a day
Total working days = 125 days
Marion's mileage deduction is
= Miles driven × total working days
= 20 miles/day×125 days
= 2500 miles
The standard mileage rate for 2021 is:
= 56 cents × total mileage deduction
= 2500×56 = 1400
Hence Marion's mileage deduction rounded to the nearest dollar is $1400. One can calculate the mileage of their vehicle by dividing the miles traveled by the number of gallons it took to refill the tank.
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which depreciation method is most likely to be used by profitable businesses with high marginal tax rates?
The depreciation method is most likely to be used by a profitable business. The depreciation method usually used in a business with a high marginal tax rate declining balance MACRS 200%.
Taxes generally can be described as a mandatory levies from the people for the state. If people paid a tax, that every penny of tax money paid will be included in the post of state income from the tax sector. Tax usually use for local government and also finance central spending for the welfare of the community.
Tax money is used for public interest, not for personal gain. Taxes are one source of government funds to fund development at the center and regions, such as building public facilities, financing health and education budgets, and other productive activities. Tax collection can be forced because it is carried out by law.
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valuing preferred stock fegley , inc., has an issue of preferred stock outstanding that pays a $3.80 dividend every year in perpetu this issue currently sells for $93 per share, what is the required return ?
A company pays the dividend to eligible common stockholders out of the profit it makes from regular business operations. A company can also distribute additional dividends on common stock.
What Is a Profit?
The distribution of a company's earnings to shareholders is known as a dividend and is decided by the board of directors. The distribution of dividends, which can take the form of cash or reinvestment in additional stock, typically occurs quarterly.
What is an example of a dividend?
A dividend is money distributed to shareholders from profits. Typically, they are paid quarterly. For instance, AT&T has been making such distributions for a number of years, with its $2.08 per share offering for the third quarter of 2021.
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which of the following is true regarding risk management? all risks must have a contingency plan. risks should be reviewed at every team meeting. risks are more likely to impact the schedule than the budget. risk identification only occurs in the planning phase of the project.
The risk management is true regarding "risks should be reviewed at every team meeting".
The risk management in the business are the forecasting and evaluation of financial risks together with the identification of the procedures to avoid or minimize the impact. The risks should be reviewed at every team meeting and risks identification only occur in the planning of the project phase. The risks review process is a crucial part of any project. and the team is responsible for the project's success can come together to handle associated risks before they happen.
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Imagine you operated a shipping and packaging service within new york city. You slowly expanded to include shipments and deliveries between new york, new jersey, and connecticut. After the expansion, could you be subject to regulation by either or all of the states and the federal government? which court case outlines this? explain your answer.
You would be subject to federal government regulations. The Gibbons V. Ogden case from 1824 served as the legal precedent for this. Option A
What is Gibbons V. Ogden?Generally, The US Supreme Court ruled in the Gibbons v. Ogden decision that the states in the nation cannot impede the federal government's ability to control trade in the nation.
In this instance, Ogden had requested the court to enjoin Gibbons from conducting commercial activity in the state waterways. He claimed to have exclusive ownership of the waterways.
In conclusion, This lawsuit served as more evidence that the federal government had greater control over the nation's states.
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CQ
Imagine you operated a shipping and packaging service within New York City. You slowly expanded to include shipments and deliveries between New York, New Jersey, and Connecticut. After the expansion, could you be subject to regulation by either or all of the states and the federal government? Which court case outlines this? Explain your answer. Gibbons v. Ogden (1824) , McCulloch v. Maryland (1819) , Marbury v. Madison (1803)
microsoft introduced its zune player a few years after apple launched its ipod and other competitors had offered their new mp3 players. zune sales were very disappointing and microsoft eventually killed the product. according to the textbook, the primary reason for the zune's failure was due in large part to
The primary reason for the zune's failure was due in large part to Bad timing
What was the Microsoft Zune?Zune is a no longer supported media management program for Microsoft Windows that serves as a media streaming server, a full media player application with a library, and an interface to the Zune Marketplace.Microsoft released the Zune HD, a portable media player, on September 15, 2009 as part of the Zune line of products. It was a direct rival to Apple's line of mobile iPod Touch devices. It was first made available in 16 and 32 GB versions.Because it appears that the Zune arrived at the party too late, it flopped miserably. By the time the Zune was in stores, the iPod had controlled the MP3 industry for five years. When the first-generation Zune was eventually introduced.
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when fixed costs remain the same and a product line is discontinued what is the effect on operating income?
When fixed costs remain the same and a product line is discontinued , there will be a decrease in total operating income.
What do you mean by total operating income?
Operating income is an accounting figure that measures the amount of profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).
Operating income—also called income from operations—takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities.
Let contribution margin be x
and, fixed cost is avoidable
then, there will be a decrease in total operating income.
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reilly, an adult, entered into a lease of band equipment (guitars, drums, amps, etc.) with a equipment (guitars, drums, amps, etc.) with a group of musicians, all of whom were 15 years old. group of musicians, all of whom were 15 years old. reilly, however, has just learned about problems reilly, however, has just learned about problems associated with contracts with minors, and reilly associated with contracts with minors, and reilly wants to disaffirm the contract. would a court wants to disaffirm the contract. would a court permit reilly to disaffirm the contract?permit reilly to disaffirm the contract?
The court will not permit Reilly to disaffirm the contract after learning about problems associated with contracts with minors. Hence the correct choice of answer for this question would be option (b).
What is contractual capacity?The ability to enter into a legally enforceable contract and subject themselves (or their business, if they have signatory authority) to the obligations and consequences that follow the contract is known as contractual capacity. Along with fundamental ideas like offer, acceptance, consideration, and so on, contractual capacity is a vital component of a contract. The conditions that must be met for a contract to be legally binding in the US are as follows:
OfferAcceptanceConsiderationContractual capacityLegalityYou might have a basic agreement rather than a contract if one of these is absent (read about the difference between an agreement and a contract). Because not everyone should be able to tie themselves to a sequence of legal obligations, contractual capability is crucial. If those obligations are not upheld, a breach of contract may give rise to legal action and a variety of remedies.
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The complete question is mentioned below :
Reilly, an adult, entered into a lease of band equipment (guitars, drums, amps, etc.) with a group of musicians, all of whom were 15 years old. Reilly, however, has just learned about problems associated with contracts with minors, and Reilly wants to disaffirm the contract. Would a court permit Reilly to disaffirm the contract?
a. yes
b. no
how do your life experiences shape your views as an investor? please limit your response to 250 words or less.
Experience as the investor helps you have perspective and builds confidence. It helps to remember that the stock market goes up and down.
Most people have trouble staying on track and making wise financial decisions. That is to be expected given that our cumulative experience with these problems is rather short.
Investors make financial decisions that, at the moment, appear logical. Your individual circumstances influence these decisions. These experiences can be linked to the ensuing gains or losses.
It's critical to understand that your experiences as an investor are unique from those of other investors in order to move forward and prevent costly mistakes. Your objectives differ. Your timeline for investing is different. What is most important to you may be different.
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you have been assigned to the year-end audit of a financial institution and are planning the timing of audit procedures relating to cash. you decide that it would be preferable to
You have been assigned to the year-end audit of a financial institution and are planning the timing of audit procedures relating to cash. You decide that it would be preferable to: Coordinate the count of cash with the count of marketable securities and other negotiable assets.
What do you mean negotiable?
Capable of being negotiated. especially ,a negotiable certificate of deposit. see also negotiable instrument.
What are the types of negotiable?
Types of Negotiable Instruments. There are many types of negotiable instruments. The common ones include personal checks, traveler's checks, promissory notes, certificates of deposit, and money orders.
What are the types of negotiable?
Types of Negotiable Instruments. There are many types of negotiable instruments. The common ones include personal checks, traveler's checks, promissory notes, certificates of deposit, and money orders.
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sam has no job but keeps applying to get a job with a business that is unionized. he is qualified and he finds the pay attractive, but the firm is not hiring. sam is
Sam continues to apply for jobs at unionized companies despite the fact that he is unemployed.
Define unemployment?Majority of economists focus on three types of unemployment: cyclical, frictional, and structural.
Structural unemployment refers to long-term adjustments in the labor force and economic structure over time. Skill shortages in workers and technological progress that displaces jobs can both contribute to structural unemployment. Occurs when a worker's skills do not match the job vacancy. One driver of structural unemployment is technology.
Frictional unemployment is a temporary condition that is common during the job search. In fact, frictional unemployment benefits the economy by allowing workers to move to more productive positions.
One of the different types of unemployment is seasonal unemployment. Seasonal fluctuations in demand for products and services lead to seasonal unemployment.
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suppose there is an economy-wide decrease in business taxes. what can we expect to see in the business cycle model?
An economic cycle stage characterized by rising real GDP, income, and employment.
what is business cycle model?The business cycle model depicts the changes over time in a country's total output and employment. The model depicts the four long-term phases of an economy: expansion, peak, recession, and trough.An increase in company taxes will result in lower after-tax profits for companies, which will limit their ability to spend, hence lowering AD. The converse will occur if company taxes are reduced for AD. Generally speaking, if government spending rises, AD rises as well.Recession can enter a country's economy during the contraction phase. The phrase "contraction phase" refers to the time during a business cycle when real GDP is declining.To learn more about business cycle model refer to:
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assume that the currency-deposit ratio is 0.11, the required reserve ratio is 0.05, and the excess reserves to deposit ratio is 0.14. if the monetary base is $6 trillion, find (a) the amount of currency in circulation in trillions of dollars; (b) required reserves in trillions of dollars; (c) excess reserves in trillions of dollars; (d) simple deposit multiplier which ignores leakages; (e) actual money multiplier; and (f) money supply in trillions of dollars. (round all answers to one decimal point)
The bank is only required to retain 10% of its deposits in reserve if the statutory reserve ratio is 10%.
What is the statutory reserve rate?The term "Statutory Reserve Rate" refers to a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the total of the maximum reserve percentage (including any marginal, special, emergency, or supplemental reserves) established by the Federal Reserve Board.Statutory Liquidity Ratio, or SLR, is the minimum proportion of deposits that a commercial bank must keep in liquid cash, gold, or other securities. Essentially, it is the minimum amount of reserves that banks must hold in order to extend credit to customers.To learn more about Statutory Liquidity Ratio refer to:
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Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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hat is the present value of a $100 perpetuity if the interest rate is 7%? if interest rates doubled to 14%, what would its present
Present value $1428.57 and $714.28 if the interest rate is 7% if interest rates doubled to 14%.
What is present value extremely important?The ability for investors to evaluate values across time makes present value crucial. PV can assist investors in evaluating the potential financial gains from present liabilities and assets. Investors can compute the present value of a security based on its expected future returns, which is used in fields like financial forecasting, stock valuation, or bond pricing.
Briefing:Perpetuity value = $100
Interest rate = 7% = 0.07
Interest rate = 14% = 0.14
solution
we get her present value that is express a
present value = perpetuity / rate ............1
put here value for rate 7% and 14%
present value = 100 / 0.07
present value = $1428.57
and
present value = 100 / 0.14
present value = $714.28
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the expected trend value of september sales for a firm is $900. assuming a september seasonal index of .91, what would be the seasonally adjusted forecast for september? multiple choice none of the options are correct. $819 $900 $950 $989
Option a. $819 is the correct answer. The seasonally adjusted forecast for September is $819
A statistical approach known as a seasonal adjustment is used to balance out cyclical fluctuations in statistics or shifts in supply and demand that are due to changing seasons. Therefore, it can get rid of economic time series' misleading seasonal components. A data-smoothing technique called seasonal adjustment is used to forecast a given period's economic performance or business sales.
Nonseasonal trends and cyclical data that would otherwise be obscured by seasonal differences can be seen more clearly thanks to seasonal adjustments.
Sales of the firm = $900
Seasonal index = 0.91
Seasonally adjusted forecast for September = Sales of the firm*Seasonal index
= 900*0.91
= $819
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