Question

In: Math

Income at the architectural firm Spraggins and Yunes for the period February to July was as​...

Income at the architectural firm Spraggins and Yunes for the period February to July was as​ follows:

                                                                                                                               

Month

February

March

April

May

June

July

Income​ ($000's)

90.090.0

91.591.5

96.096.0

85.485.4

92.292.2

96.096.0

Assume that the initial forecast for February is

85.085.0

​(in $​ thousands) and the initial trend adjustment is 0. The smoothing constants selected are

alphaα

​=

0.10.1

and

betaβ

​=

0.20.2.

Using​ trend-adjusted exponential​ smoothing, the forecast for the architectural​ firm's August income is

nothing

thousand dollars ​(round your response to two decimal​ places).

The mean squared error​ (MSE) for the forecast developed using​ trend-adjusted exponential smoothing is

nothing

​(thousand

dollars right parenthesis squareddollars)2

​(round your response to two decimal​ places).

Solutions

Expert Solution

Answer:

Formulas Used:


Related Solutions

Income at the architectural firm Spraggins and Yunes for the period February to July was as...
Income at the architectural firm Spraggins and Yunes for the period February to July was as follows:                                                           Month February March April May June July Income​ ($000's) 75 71.5 66.4 72.3 73.5 74 Assume that the initial forecast for February is 70 ​(in $​ thousands) and the initial trend adjustment is 0. The smoothing constants selected are alpha (α) ​= 0.1 and beta (β) ​= 0.3 1) Using​ trend-adjusted exponential​ smoothing, the forecast for the architectural​ firm's August income is...
2. The income statement reveals net earnings (net income) of a firm for a period of...
2. The income statement reveals net earnings (net income) of a firm for a period of time. Explain how “net earnings (net income) of a firm for a period of time” is different from each of the following descriptions: ? resources and equities of a firm at a point in time Usually record ? resources and equities of a firm for a period of time ? net earnings (net income) of a firm at a point in time
You are writing a program for an architectural firm that needs to enter the areas of...
You are writing a program for an architectural firm that needs to enter the areas of all the rooms in a building project they’re working on. Some rooms are square, some are round, and some are rectangular. Each room in the building has an ID number to help prevent adding the same room more than once. The program needs to prompt the user for the room ID number, the shape of the room, and the dimensions needed to calculate the...
The management of Unter Corporation, an architectural design firm, is considering an investment with the following...
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $73,000 $6,000 2 $ 6,000 $12,000 3 $20,000 4 $22,000 5 $25,000 6 $23,000 7 $21,000 8 $19,000 9 $18,000 10 $18,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) 2. Would the payback period be affected if the cash inflow in the last year were several times as...
The management of Unter Corporation, an architectural design firm, is considering an investment with the following...
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 61,000 $ 3,000 2 $ 5,000 $ 6,000 3 $ 12,000 4 $ 13,000 5 $ 16,000 6 $ 10,000 7 $ 8,000 8 $ 10,000 9 $ 9,000 10 $ 9,000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in the last year...
imagine that you are the human resource manager of a small architectural firm. you learn that...
imagine that you are the human resource manager of a small architectural firm. you learn that the monthly premiums for the company existing health insurance policy will rise by 15% next year.what can you suggest to help your company manage this rising cost?
Suppose an architectural firm specializing in the structural restoration and renovation of historic homes and early...
Suppose an architectural firm specializing in the structural restoration and renovation of historic homes and early barns is deciding whether to open a branch of the company in Wilmington, Vermont. Market research commissioned by the firm indicates that the Vermont location will be profitable only if the mean age of houses and barns located within a 100-mile radius of Wilmington is greater than 65 years. The architectural firm conducts a hypothesis test to determine whether μ, the mean age of...
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following...
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period.    Activities Costs Design department Client consultation 1,700 contact hours $ 170,000 Drawings 2,600 design hours 140,400 Modeling 47,000 square feet 37,600 Project management department Supervision 1,200 days $ 228,000 Billings 5 jobs 8,200 Collections 5 jobs 4,900 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign...
Curtis & Company is an architectural firm specializing in home remodeling for private clients and new...
Curtis & Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Curtis & Company charges customers at a billing rate equal to 130% of the client's total job cost. A client's total job cost is a combination of 1) professional cost based on the professional hours spent on the client's job, and 2) operating costs allocated to the client's job. Curtis currently allocates operating costs to jobs based on the...
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following...
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data pertain to a recent reporting period. Activities Costs Design department Client consultation 1,900 contact hours $ 266,000 Drawings 1,400 design hours 76,300 Modeling 44,000 square feet 30,800 Project management department Supervision 1,200 days $ 192,000 Billings 11 jobs 8,600 Collections 11 jobs 19,340 Required: 1. & 2. Using ABC, compute the firm's activity overhead rates. Form activity cost pools where appropriate. Assign costs...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT