Qualitative forecasts are used when there is plenty of relevant data.c
Indicate whether the statement is true or false.
Answer: FALSE
You might also like to view...
When a magazine company receives advance payment for a subscription, what is the required journal entry to be recorded?
a. Cash – Debit; Unearned Subscriptions Revenue – Credit b. Prepaid Subscriptions – Debit; Cash – Credit c. Cash – Debit; Subscriptions Revenue – Credit d. Unearned Subscriptions Revenue – Debit; Cash – Credit
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is $3,250?
A. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750. B. Debit Cash, $7,750; Credit Prepaid Insurance, $7,750. C. Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500. D. Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250. E. Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500.
A balanced scorecard
a. records the variances between budgeted and actual revenues and expenses. b. can be used at multiple organizational levels by redefining the categories and measurements. c. is most concerned with organizational financial solvency and business processes. d. all of the above.
What is the advantage of using information provided by demographic data market research
firms rather than government sources? A) The information obtained from government sources is less accurate than that from market research firms. B) Information from government sources is subjective and biased. C) Market research firms can provide more detailed information than government sources. D) Market research firms provide data for free, unlike government research sources.