revenues. The accountant adopts the procedure of recognizing revenues at the time a certain critical event takes place. The sales (or accrual) basis is the most widely used method for recognizing revenues. Revenues are assumed to be earned at the time the sale is made‚ even though the cash may not have been collected from customers. For companies that produce to open stock‚ the sale is the critical event for revenue recognition. Even though value is added to goods through the production process‚ these
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Quantitative Methods ADMS 3330 3 0 3330.3.0 Forecasting QMB Chapter 6 © M.Rochon 2013 Quantitative Approaches to Forecasting Are based on analysis of historical data concerning one or more time series. Time series - a set of observations measured at successive points in time‚ or over successive periods of time. If the historical data: • are restricted to past values of the series we are trying to forecast‚ it is a time series method. 1 Components of a Time Series 1) Trend component
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Manager’s Guide to Forecasting by David M. Georgoff and Robert G. Murdick Harvard Business Review Reprint 86104 J A N U A RY– F E B R U A RY 1 9 8 6 HBR Manager’s Guide to Forecasting David M. Georgoff and Robert G. Murdick E arly in 1984‚ the Houston-based COMPAQ Computer Corporation‚ manufacturer of IBMcompatible microcomputers‚ faced a decision that would profoundly affect its future. Recognizing that IBM would soon introduce its version of the portable computer and threaten
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BARCO PROJECTION SYSTEMS (BPS): CASE STUDY SUBMISSION Option Three (Development of BG 800). (a) Barco’s business model is based on differentiation strategy‚ which in turns caters for a particular niche segment of the projection system market. BPS is thus able to charge a premium price for its products. In order to be competitive BPS cannot play the price war game with Sony‚ which has much wider presence in the electronics market. In addition‚ price war will erode the complete market. BPS can
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Many people would find shocking because George killed his best friend Lennie. I think it was selfless the thought that life without Lennie would be easy might have crossed Georges mind but I think he kills Lennie mainly because he dont want Lennie to suffer from Curley. First reason why George killed Lennie is George wants to prevent Lennie from suffering a long and painful death“Shoot im in the guts” Curley wants to make sure that Lennie suffers a long and painful death for killing his wife
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byFilipino-Chinese entrepreneur Henry Sy to develop‚ conduct‚ operate and maintain SM commercial shopping centers and all businesses related thereto‚ such as the lease of commercial spaces in the compound of shopping centers. It went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. The company’s main sources of revenues include rental income from mall and food courts‚ cinema ticket sales and amusement income from bowling
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Eight Steps to Forecasting • Determine the use of the forecast □ What objective are we trying to obtain? • Select the items to be forecast • Determine the time horizon of the forecast □ Short time horizon – 1 to 30 days □ Medium time horizon – 1 to 12 months □ Long time horizon – more than 1 year • Select the forecasting model(s) |Description |Qualitative Approach |Quantitative Approach
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1. The first step in forecasting often involves a detailed analysis of the historical market data. Ideally‚ you will want to go back at least 10 years and examine monthly data and try to develop a good understanding of the market dynamics. This is useful when developing analogs for future events. However‚ to gauge the appropriateness of these analogs‚ it is useful to speak to someone in the company that has some detailed insights into the market dynamics. 2. Following the data analysis exercise
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The Split-type air conditioner Some rooms do not have external windows or walls. Difficulties arouse in creating sufficient air flow in the rooms‚ which can lead to discomfort for residents in terms of temperature and humidity. The split-type air conditioner can be used in these situations. Introduction: A split air conditioning simply means that the condensor (or sometimes referred to as the “outdoor unit”) is separated from the “indoor unit”‚ thus the term “split”. The split air conditioning
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Interest Rate Forecasting using Regression Analysis Introduction Forecast of interest rates can be done in many different ways‚ qualitative (surveys‚ opinion polls) as well as quantitative (reduced form and structural approaches)* Example of methods in quantitative approaches - Regression method - Univariate method (e.g. ARIMA) - Vector autogressive models (VAR) - Single equation approaches - Structural systems of simultaneous equations This paper will focus on the structural
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