In general terms, describe what causal forecasting models are
What will be an ideal response?
Causal forecasting models incorporate variables or factors that might influence the quantity being forecasted.
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. The clerk in the accounting department records both purchases and payments of invoices
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as
a. responsibility accounting. b. an asset turnover. c. a performance management and evaluation system. d. a performance measurement.
Describe negative consequences of perception of organizational politics and how to mitigate them.
What will be an ideal response?
Assume, after all accounts have been brought up to date, that Partner A has a capital balance of $40,000, Partner B has a capital balance of $30,000 and Partner C has a capital balance of $35,000 . Partner B withdraws with a cash settlement of $40,000 . The partnership agreement states that any gain or loss is divided according to the ratio of their capital interests. How will Partner A's and
Partner C's capital accounts be affected? a. Partner A increased $5,000 and Partner C increased $5,000. b. Partner A decreased $5,000 and Partner C decreased $5,000. c. Partner A increased $5,333 and Partner C increased $4,667. d. Partner A decreased $4,667 and Partner C decreased $5,333. e. Partner A decreased $5,333 and Partner C decreased $4,667.