Long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts
Indicate whether the statement is true or false.
Answer: TRUE
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________ accounts are credit accounts that have a single borrowing limit and may be used and repaid on a repeated cycle.
A. Charge B. Loan C. Checking D. Savings
Which of the following recognition and measurement bases best summarizes the usual treatment of current contributions to private not-for-profit entities in accordance with ASC 958? Timing of RecognitionMeasurementA.When pledgedDonor's costB.When receivedAccrual valueC.When receivedDonor's costD.When pledgedFace value
A. Option A B. Option B C. Option C D. Option D
A(n) ________ is a program used to create, process, and administer a database
A) operating system B) DBMS C) information system D) data mart
Ally Manufacturing has an average accounts payable balance of $420,000. Its average annual cost of goods sold is $10,220,000. It receives terms of 2/15 net 30 from its suppliers. Is Ally managing its accounts payables well?
A) Yes, since it, on average, chooses not to take the discount, but pays when payment is due. B) Yes, since it, on average, takes the discount, and pays at the end of the discount period. C) Yes, since it, on average, stretches payment beyond the due payment date. D) No, since it, on average, does not take advantage of the discount period and pays well before payment is due.