MARS Chocolate Company is making an estimate of the amount of candy it expects to sell during the Christmas season based on a specified level of marketing effort. The method MARS uses for forecasting sales includes all of the following except
A. executive judgments.
B. surveys of buyers or sales personnel.
C. time-series analyses.
D. correlation analyses.
E. financial ratios.
Answer: E
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The relevant costs for the decision to sell or process further are:
a. the additional processing costs. b. always fixed in nature. c. always variable in nature. d. sunk costs.
Natural Law School of jurisprudence emphasizes shaping laws based on morals and ethics
Indicate whether the statement is true or false
Due process under the 14th Amendment may be violated when state action either shocks the conscience or offends judicial notions of fairness and human dignity
a. True b. False Indicate whether the statement is true or false
During the year the balance in the Prepaid Expenses account increased by $6,000. In order to adjust the company's net income to a cash basis using the direct method on the statement of cash flows, it would be necessary to:
A. add the $6,000 to the selling and administrative expenses reported on the income statement. B. subtract the $6,000 from the selling and administrative expenses reported on the income statement. C. add the $6,000 to the cost of goods sold reported on the income statement. D. subtract the $6,000 from the cost of goods sold reported on the income statement.