________ forecasting is a subjective technique that relies primarily on a knowledgeable person's intuition and judgment to predict future events
A) Quantitative
B) Time series
C) Qualitative
D) Exponential
C
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A continuous budget is a moving 12-month budget
Indicate whether the statement is true or false
On January 1, a company issued and sold a $408,000, 9%, 10-year bond payable, and received proceeds of $403,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:
A. Debit Bond Interest Expense $18,110; debit Discount on Bonds Payable $250; credit Cash $18,360. B. Debit Bond Interest Expense $36,720; credit Cash $36,720. C. Debit Bond Interest Expense $18,610; credit Cash $18,360; credit Discount on Bonds Payable $250. D. Debit Bond Interest Expense $18,360; debit Discount on Bonds Payable $250; credit Cash $18,610. E. Debit Bond Interest Expense $18,360; credit Cash $18,360.
Awtis Corporation has a margin of safety percentage of 20% based on its actual sales. The break-even point is $500,000 and the variable expenses are 60% of sales. Given this information, the actual profit is:
A. $50,000 B. $41,500 C. $55,000 D. $65,000
In a positively skewed distribution, the percentage of data between the smallest observation and Q1 is less than the percentage of data between Q3 and the largest observation
Indicate whether the statement is true or false