The forecasting techniques that assume past sales patterns will continue into the future are all variations of
A. regression analysis.
B. random factor analysis.
C. seasonal analysis.
D. time series analysis.
E. past sales forecasting surveys.
Answer: D
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Which of the following is not a requirement of budgeting?
a. Goals must be realistic and possible to attain. b. There must be accountability for actual results. c. Management must clearly define its objectives. d. The budget must not be changed under any circumstances.
Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to continue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
a. Chapter 7. b. Chapter 11. c. Chapter 13. d. Chapter 12.
Sunrays, Inc wrote off the account of one of its customers, Brad Doe, in 2016 for $500
On January 21, 2017, Brad unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalize the entries required for Sunrays, Inc on January 21, 2017. What will be an ideal response
The journal entry for adjustment of overallocated manufacturing overhead includes a ________
A) credit to Finished Goods Inventory B) credit to Manufacturing Overhead C) debit to Work-in-Process Inventory D) credit to Cost of Goods Sold