As a consultant, you have been thinking about choosing the "right" alpha (smoothing constant) for forecasting using exponential smoothing. which of the following is most accurate about alpha? a) if alpha is high, speed of reaction to changes in actually low. b) if a firm produces standard product with relatively stable demand, alpha should be small. c) products experiencing growth should be assigned higher alpha value. d) alpha could be more than 1.0, and in this case (1-alpha) will become negative to make up for it. e) b and c

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150