Which of the following is TRUE regarding the two smoothing constants of the Forecast Including Trend (FIT) model?
A) One constant is positive, while the other is negative.
B) They are called MAD and cumulative error.
C) Alpha is always smaller than beta.
D) One constant smoothes the regression intercept, whereas the other smoothes the regression slope.
E) Their values are determined independently.
E
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On a work sheet, the Debit columns of the Income Statement and the Balance Sheet sections both total more than the Credit columns. This represents
a. an error in the accounting procedures for the period; b. a net loss; c. a net income; d. accumulated depreciation and other expenses; e. unearned revenue.
Questionnaire organization is important because the questionnaire's appearance and the ease with which respondents complete the questions have the potential to affect the quality of the data collected
Indicate whether the statement is true or false
The four elements of sales call planning (in their correct order) are:
A. customer profile, sales call objective, customer benefit plan, and sales presentation. B. customer profile, sales call objective, sales presentation, and sales benefit. C. sales call objective, customer profile, customer benefit plan, and sales presentation. D. customer preapproach, customer profile, customer sales call objective, and sales presentation. E. sales call objective, customer benefit plan, customer profile, and sales presentation.
Bannister Co. is thinking about having one of its products manufactured by a subcontractor. Currently, the cost of manufacturing 1,000 units is: Direct material$45,000 Direct labor 30,000 Factory overhead (30% is variable) 98,000 If Bannister can buy 1,000 units from an outside supplier for $100,000, it should:
A. Make the product because factory overhead is a sunk cost. B. Buy the product because the total incremental costs of manufacturing are greater than $100,000. C. Buy the product because total fixed and variable manufacturing costs are greater than $100,000. D. Make the product because current factory overhead is less than $100,000. E. Make the product because the cost of direct material plus direct labor of manufacturing is less than $100,000.