The purpose of closing entries is to reduce the balance in the temporary (periodic) accounts to zero and to update the Retained Earnings account
Indicate whether the statement is true or false
True
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One of the disadvantages of trade allowances is that almost half of the time retailers do not pass along the allowance to consumers
Indicate whether the statement is true or false
Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
A.
| Accounts Receivable | 1,500 | |
| Unearned Design Revenue | 1,500 |
B.
| Cash | 1,500 | |
| Accounts Receivable | 1,500 |
C.
| Accounts Receivable | 1,500 | |
| Cash | 1,500 |
D.
| Cash | 1,500 | |
| Unearned Design Revenue | 1,500 |
E.
| Cash | 1,500 | |
| Design Revenue | 1,500 |
________ occurs in a linear programming problem when the number of nonzero variables in the optimal solution is fewer than the number of constraints
Fill in the blanks with correct word
Which of the following statements is the objective of the moving averages and exponential smoothing methods?
A. To maximize forecast accuracy measures B. To smooth out random fluctuations in the time series C. To characterize the variable fluctuations by an exponential equation D. To transform a nonstationary time series into a stationary series