reality. If they are not‚ we should develop and modify them so that ones can make good predictions with current circumstance and match reality‚ otherwise these theories will be useless. Q.R.2 Which of the following two statements involves positive economic analysis and which normative? How do the two kinds of analysis differ? a. Gasoline rationing (allocating to each individual a maximum amount of gasoline that can be purchased each year) is poor social policy because it interferes with the workings
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When forecasting financial data for strategic planning‚ budgeting‚ or for developing pro forma financial statements‚ analysts can use the percent-of-sales method of forecasting to create reasonable projections for certain key data. The idea is to see how a financial statement account item relates historically to sales figures‚ and then to use that relationship to project the value of those financial statement account items based on future sales estimates. Because this method of forecasting requires
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the year-to-year percentage annual growth in total net sales Year Sales Growth 2000 $11‚062 2001 $11‚933 (11933-11062)*100/11062 = 7.87% 2002 $9‚181 (9181-11933)*100/11933 = -23.06% 2003 $6‚141 = -33.11% 2004 $8‚334 = 35.71% - Based only on your answer to question #1‚ do you think the company will hit its sales goal of +10% annual revenue growth in 2005? Determine you target revenue
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Cost Versus Usage Percentage Once of the main reasons why a restaurant’s finances are usually not matching what is spent is because who ever is in charge of managing the purchasing and inventory does not know the difference between actual costs and usage percentage. What a company needs to realize is that both should be treated separately and then compared later to find if further investigation is needed to evaluate the discrepancy. First the company needs to record their attainable cost and evaluate
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Solutions to the long-term contracts in-class questions Practice Question #2 Percentage of completion method a. 2013 2014 2015 2016 Construction costs Incurred to date $ 300‚000 $ 1‚400‚000 $2‚263‚000 $3‚100‚000 Estimated costs to complete 2‚200‚000 1‚400‚000 837‚000 — Total estimated costs $2‚500‚000 $ 2‚800‚000 $3‚100‚000 $3‚100‚000 Percent (%) completed 12% 50% 73% 100% Revenue to date $ 360‚000 $ 1‚500‚000 $ 2‚190‚000 $3‚000‚000 Revenue recognized
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As an actor‚ how would you perform Masha and Medvedenko at two points of the play‚ communicating their relationship to the audience? Masha is the daughter of the estate manager‚ and the wife of Medvedenko. Throughout ‘The Seagull’ Masha’s unhappiness towards the life she bears is emphasised‚ this can be demonstrated through her clothing as she is only seen wearing black which typically symbolises death and sadness. Masha claims‚ “I’m in mourning for my life. I am unhappy”‚ this transfers the meaning
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Calculate the percentage change in price ___________________ b. Calculate the percentage change in quantity demanded ____________ c. Calculate the elasticity of demand _______________________ d. Is it elastic‚ inelastic‚ or unit elastic? ____________________ e. Why might computers have this type of elasticity of demand? _________________________________________________________ 2. Flu vaccinations cost $19 per shot. If the industry decided to sell them for $20 a shot what do you think would
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Due Date: 1 September 2014 Compulsory: Yes Function: The purpose of this assignment is to teach you how to read an article and to critically engage in academic reading and reflecting on the material in an academic manner by answering the short paragraphs assigned. When marking the assignment‚ poor language expression will be penalized. Examples of poor language expression range from incomprehensible to barely literate vocabulary and sentence patterns‚ serious errors in sentence structure‚
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Two- Way Table is a set of data in which the observations are written yij i= 1‚2 ‚…‚I j= 1‚2‚…‚J and displayed in a rectangular array as shown below TABLE1. Format and notation for a Two-Way Table i J 1 … J 1 . . . I y11 . . . y1J . . . . . . . . . yI1 . . . yIJ This
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CH. 25 1. At which stage of life is the percentage of fluid in the human body highest? Infancy 2. In elderly individuals‚ 75% of body weight is made up of fluid. True False 3. When comparing two individuals of the same body weight‚ the one with more muscle and less fat will have a higher percentage of fluid in their body. 4. When comparing a lean adult female to a lean adult male‚ which will most likely have a higher percentage of body fluid? The Male 5. Fluid imbalances are more common
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