In adaptive forecasting, the estimates of level, trend, and seasonality are updated after each demand observation
Indicate whether the statement is true or false.
Answer: TRUE
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In the United States, which of the following can be patented?
A. Abstract ideas B. Laws of nature C. New chemical compounds D. Physical phenomena
Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $37.00 Wages and salaries$3,800 $6.10Food and supplies 900 14.90Facility expenses 9,700 4.80Administrative expenses 6,600 0.10Total expenses$21,000 $25.90?The net operating income in the flexible budget for January would be closest to:
A. $8,970 B. $9,414 C. $8,600 D. $8,350
Renata is dealing with stress. Specifically, she has too much to do in too little time, which is known as
A. high demand. B. high effort. C. low control. D. low reward.
The accountant of Delta, Inc. failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned. Assume the deferred revenue was initially recorded as a liability. Which of the following statements is true?
A) The total revenue will be overstated. B) The total revenue will be understated. C) The total expenses will be overstated. D) The total expenses will be understated.