## Need help with Math

Paper details:

Adelman, P. J., & Marks, A. M. Entrepreneurial Finance. 6th ed (2014). Upper Saddle River, NJ: Prentice Hall.
ISBN-13: 978-0-13-314051-4
Answer all of the following questions/problems and submit them to your mentor in a Word document.

You should use a financial calculator and Excel to solve the problems.

Remember: You must export your table(s) from Excel to Word before submitting your work.
Consult the Course Calendar for due dates.

Discuss why forecasting is important to an organization including a brief discussion of the six steps that an organization should follow when developing its forecasting model.
What role does MAD play in evaluating a forecasting model?
List and describe at least two time series models giving an example of the type of business that might find each of the models you discuss beneficial.
Describe how you would develop a pro forma income statement (Table 6-7 in your textbook).
What role does the pro forma balance sheet play in financial forecasting?
Why is it important to have a budget to use as both a monitoring and control tool?
Moving Average Forecast—Using the data in the table below, calculate a three-month moving average forecast for month 12.
Table. Actual Sales Data

Time Period

Actual Sales (\$000)

1

445

2

478

3

525

4

660

5

570

6

600

7

632

8

648

9

690

10

725

11

750

12

Regression Forecast. Using the data in the table for questions #7 calculate the four items below. You may do this on your calculator or in Excel, however, please be sure to indicate the primary formula that you would use for each calculation. If you make your calculations in Excel be sure to export your work into Word before submitting your work to your mentor.
What is the slope?
What is the intercept?
Write the regression equation.
Calculate a regression forecast for month 25.
Using the following balance sheet, create a pro forma sheet using the percentage of sales method. Assume income next year is \$50,000.
Total Sales

Current Year

\$275,000

Percentage of Sales (%)

Sales Next Year

\$350,000

Assets

Current Assets

Cash

\$ 5,694

Accounts Receivable

19,662

Inventory

3,381

Total Current Assets

\$28,737

Fixed Assets

Furniture & Fixtures

5,595

Transportation Equipment

25,456

Total Fixed Assets

\$31,051

Total Assets

\$59,788

Liabilities and Owner’s Equity

Current Liabilities

Notes Payable

\$15,456

Accrued Taxes Payable

3,598

Total Current Liabilities

\$19,054

Long Term Debt

18,654

Total Liabilities

\$37,708

Owner’s Equity

22,080

Total Liabilities and Owner’s Equity

\$59,788

Using the results from your pro forma balance sheet in question 9 answer the following:
How much did the owners take out of the business?

# Get a Custom paper from Smart2write

Place your order with us and get a high quality, unique and plagiarism free paper that will guarantee you amazing results!!