Shawn works at a retail store that sells a variety of items, including umbrellas. shawn knows that people buy umbrellas more in the summer season because of the higher frequency of storms. he has identified a formula based on past umbrella sales during the summer season. shawn believes he can use this formula to predict future sales forecasts with a high degree of accuracy. this is an example of what type of sales forecast? a. executive judgmentb. time series analysisc. surveysd. regression analysise. market tests

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

What is a sort of auction for stocks in which traders verbally submit their offers?

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.