BUSI 620 MENTOR Extraordinary Success /busi620mentor.com BUSI 620 MENTOR Extraordinary Success /busi620ment | Page 23

an exponential smoothing coefficient of 0.8 to forecast sales for June Application of simple linear regression analysis to the estimation of a demand equation has yielded the following: Q = 24 - 2 P If the current product price is P=$6 and the quantity sold per time period is Q=10, then the error (e) for the current time period is equal to (actual quantity sold - estimated quantity sold) One difference between foreign and domestic demand for a commodity exported by the U.S. is that Monica quit her $50,000 per year job, purchased a building that was previously rented by the operator of a candy store for $1,500 per month, and used the space to breed and sell tropical fish. In her first year she made a business profit of $60,000. What was her economic profit? As the economy emer ged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant, Which of the following would be referred to as "outsourcing"? Which of the following is a question that is uniquely relevant to the subject of business ethics? Of the following types of costs, which is most likely a fixed cost for a shoe manufacturer?