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  1. avatar says

    Hi, could anybody help me with one more question please?
    The trend for the monthly sales ($Y) is related to the month (t) by the equation Y=1500-3t where t=1 in the first month of 20×8. What are the forecast sales ( to the nearest dollar ) for the first month of 20×9 if the seasonal component for that month is 0.92 using a multiplicative model?
    Thanks

  2. avatar says

    Hi, Could anybody help me with this question please?
    Using an additive time series model,the quarterly trend (Y) is given by Y=65+7t, where t isthe quarter (starting with t=1 in the first quarter of 20×5 ). If the seasonal component in the fourth quarter is-30, what is the forecast for the actual value for the fourth quarter of 20×6, to the nearest whole number?
    Thanks,
    Mia

    • Avatar of johnmoffat says

      Master budgets can certainly be asked in the exam. However you cannot be asked to produce them – all you can be asked is what the master budget is likely to contain.

      There are no rules about what is contained – it is up to the company to decide what is useful – but it will usually contain a budget income statement, a budget statement of financial position (balance sheet), a cash budget (usually monthly), and a capital expenditure (non-current assets) budget.

      Again, there are no numbers that can be asked – only statement questions checking you know what it means.

      There is no more explanation necessary :-)

  3. avatar says

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  4. avatar says

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    • Avatar of adejumolu says

      Excuse me sir, I need your help on this question. Thank you sir.
      Each unit of the product made by ABC company requires 1.5kg of material. Next year’s production budget of ABC company is as follows:
      Inventory at start of the year:
      Raw material 7200kg
      Finished goods 5400units
      work in progress(75% complete as far as material content is concerned) 2700units
      Budgeted sales for the year 90,000units
      Planned inventory at the end of the year:
      Raw material 9000kg
      Finished goods 8100units
      work in progress(50% complete as far as material content is concerned) 3600units
      The number of kilograms of material that sholud be purchased next year(to the nearest kg) is ?

      • Avatar of johnmoffat says

        I am sorry that I never answered this question – I guess it is too late for you now.

        However, if you need help please post in the Ask the Tutor Forum.

        (The reason I missed this is that it is impossible every day to look at the comments beneath every lecture. However every day I do look at the questions in the Ask the Tutor Forum, and answer them)

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