Estimate the cost of the following materials for the next 6 months, based upon the previous 3
Fantastic news! We've Found the answer you've been seeking!
Question:
Estimate the cost of the following materials for the next 6 months, based upon the previous 3 years data: (1) Cotton (2) Gasoline
Transcribed Image Text:
Cotton Month Price Change Month Price Change Month Price Change 1.69 -2.87% 1.79 -1.65% Feb-20 1.85 3.35% 1.92 3.78% Mar-20 1.49 -11.83% 1.4 -6.04% Feb-18 1.95 -2.99% Feb-19 Mar-18 2.03 4.10% Mar-19 Apr-18 2.03 0.00% Apr-19 May-18 2.08 2.46% May-19 2.15 3.37% Jun-19 2.12 -1.40% Jul-19 1.45 3.57% Apr-20 1.77 -7.81% May-20 1.71 -3.39% Jun-20 1.67 -2.34% Jul-20 Jun-18 1.49 2.76% Jul-18 1.51 1.34% 1.56 -6.59% 1.54 1.99% Aug-18 2.08 -1.89% Aug-19 Sep-18 1.99 -4.33% Sep-19 1.56 1.30% Oct-18 1.91 -4.02% Oct-19 1.65 5.77% Nov-18 1.91 0.00% Nov-19 1.71 3.64% Dec-18 -0.52% Dec-19 1.79 4.68% 1.9 1.82 -4.21% Jan-20 Jan-19 1.92 7.26% Aug-20 1.57 0.64% Sep-20 1.63 3.82% Oct-20 1.65 1.23% Nov-20 1.67 1.21% Dec-20 1.74 4.19% Jan-21 Cotton Month Price Change Month Price Change Month Price Change 1.69 -2.87% 1.79 -1.65% Feb-20 1.85 3.35% 1.92 3.78% Mar-20 1.49 -11.83% 1.4 -6.04% Feb-18 1.95 -2.99% Feb-19 Mar-18 2.03 4.10% Mar-19 Apr-18 2.03 0.00% Apr-19 May-18 2.08 2.46% May-19 2.15 3.37% Jun-19 2.12 -1.40% Jul-19 1.45 3.57% Apr-20 1.77 -7.81% May-20 1.71 -3.39% Jun-20 1.67 -2.34% Jul-20 Jun-18 1.49 2.76% Jul-18 1.51 1.34% 1.56 -6.59% 1.54 1.99% Aug-18 2.08 -1.89% Aug-19 Sep-18 1.99 -4.33% Sep-19 1.56 1.30% Oct-18 1.91 -4.02% Oct-19 1.65 5.77% Nov-18 1.91 0.00% Nov-19 1.71 3.64% Dec-18 -0.52% Dec-19 1.79 4.68% 1.9 1.82 -4.21% Jan-20 Jan-19 1.92 7.26% Aug-20 1.57 0.64% Sep-20 1.63 3.82% Oct-20 1.65 1.23% Nov-20 1.67 1.21% Dec-20 1.74 4.19% Jan-21
Expert Answer:
Answer rating: 100% (QA)
To estimate the cost of cotton and gasoline for the next 6 months we can analyze the price changes over the previous 3 years and make projections based on the historical data Lets start with cotton Co... View the full answer
Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
Posted Date:
Students also viewed these accounting questions
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
Adventure Rafting runs rafts on the Colorado River. It has eight rafts in its inventory. The demand for rafts during the busy months of June and July has been either 4, 5, 6, 7 or 8, with...
-
Compute the expected number of cars arriving in Problem 14-15 using the expected value formula. Compare this with the results obtained in the simulation. Problem 14-15 The number of cars arriving per...
-
If you place a charged object next to an uncharged object thatis a conductor, If you place a charged object next to an uncharged object thatis a conductor, A) The force depends on whether the charge...
-
Determine the impedance ZL for maximum average power transfer and the value of the maximum average power transferred to ZL for the circuit shown in Fig P 9.21 4 j1 1230V 4209 A Figure P 9.21
-
In Exercises find the area of the surface generated by revolving the curve about each given axis. (a) x-axis (b) y-axis x = a cos 0, y = b sin 0, 0 0 2
-
A \(55-\mathrm{kg}\) acrobat must jump high and land on his brother's shoulders. To accomplish this, he leaps from a crouched position to a height where his center of mass is \(1.20 \mathrm{~m}\)...
-
Using the information found in question, answer the following questions. A.Js Wildlife Emporium manufactures two unique bird feeders (Deluxe and Super Duper) that are manufacture and assembled in up...
-
Make sure you have run the necessary libraries in R: library(haven) library(tidyverse) library(stargazer) 1a). Preliminary data manipulation (5 points) Investigate the AGE_12 variable...
-
Your client, Fredrickson Ltd., is in its first year of operations, and has asked your advice on certain tax matters. Fredrickson is a Canadian controlled private corporation earning income from...
-
What are the possible consequences of accepting inaccurate methodology of computing cost of capital on AES? Explain
-
This morning you purchased one share of stock for $44. The stock pays $3.20 per share each year as a dividend. What must the stock price be one year from now if you want to earn a total return of 13...
-
You have a doubly linked list as shown below: ABCDEFG What will be the list after aplying the given operations? first = first.getNext().getNext(): first.setPrevinull);
-
You want to buy a house worth $3,230,000. You choose to take out a 30-year fixed rate conforming mortgage, put a downpayment of $1.4 million and borrow the rest. The APR of the mortgage is 4.563%...
-
Suppose the optimal risky portfolio has an expected return of 13.25% and a standard deviation of 24.57%. Mr. Jones wants an efficient portfolio with an expected return of 12%. If the optimal risky...
-
Problem 8 Intro Below is the market diary for a particular day's trading. Part 1 What is the breadth for the NYSE? p+ decimals Issues NYSE Nasdaq Advancing 2,354 2,204 Declining 636 511 Unchanged 274...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
Andria Mullins, financial manager of Webster Electronics, has been asked by the firm's CEO, Fred Weygandt, to evaluate the company's inventory control techniques and to lead a discussion of the...
-
The Booth Company's sales are forecasted to double from $1,000 in 2012 to $2,000 in 2013. Here is the December 31, 2012, balance sheet: Booth's fixed assets were used to only 50% of capacity during...
-
You have observed the following returns over time: Assume that the risk-free rate is 6% and the market risk premium is 5%. a. What are the betas of Stocks X and Y? b. What are the required rates of...
-
Factor (smart beta) strategy ETFs are least likely to be used by investors: A. to modify portfolio risk. B. for tactical trading purposes. C. to seek outperformance versus a benchmark.
-
Which of the following statements regarding applications of ETFs in portfolio management is correct? A. Equity ETFs tend to be more active than fixed-income ETFs. B. The range of risk exposures...
-
Which of Stosurs statements regarding ETF mechanics is correct? A. Statement 1 B. Statement 2 C. Statement 3 Howie Rutledge is a senior portfolio strategist for an endowment fund. Rutledge meets with...
Study smarter with the SolutionInn App