In the weighted moving average forecasting model, the weights must add up to one times the number of data points.
Answer the following statement true (T) or false (F)
False
A weighted moving average (model) allows any weights to be placed on each element, providing, of course, that the sum of all weights equals 1 (one).
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When managers add up all the money already spent on a project and conclude it is too costly to simply abandon it, it is known as a(n) ________ bias.
A. anchoring and adjustment B. confirmation C. availability D. representativeness E. sunk cost
Tangible assets that are attached to natural resources are depreciated over
A) the life of the natural resource B) the shorter of the tangible asset's life or the natural resource's life C) the life of the tangible asset D) the longer of the tangible asset's life or the natural resource's life
Which one of the following statements regarding sales discounts is correct?
A. A sales discount is subtracted from Sales Revenue whereas a purchase discount is added to Cost of Goods Sold. B. Credit terms of "2/10, n/30" means that if payment is made in two days, a 10% discount may be taken; if not paid within two days, the full invoice price will be due in thirty days. C. The terms "sales discounts" and "purchase discounts" are used interchangeably by a company. D. If a company offers a discount to encourage prompt payment and the discount is taken, the discount reduces the amount of net sales.
To prepare the statement of cash flows requires analyzing changes in balance sheet accounts during the accounting period, as represented by the Cash Change Equation
Indicate whether the statement is true or false