Answer the following statements true (T) or false (F)
1. Cumulative sum error tracks the forecasting bias.
2. Tracking signals cannot be used to determine whether or not the demand pattern has changed.
3. Linear trend often occurs when new products are introduced.
4. Collecting nonhistorical data is a step in supply chain forecasting for a company in the consumer products industry.
1. False
2. False
3. False
4. False
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The phase-out approach to product deletion exploits any strengths left in the product.
Answer the following statement true (T) or false (F)
A reorganization value in excess of amounts assignable to identifiable assets is:
A. reported as Goodwill Associated with Exit or Disposal Activities. B. passed on to prior shareholders of the company. C. reported as an intangible asset called Reorganization Value in Excess of Amounts Allocable to Identifiable Assets. D. not reported.
A company received a bill of $2,110 for utilities used in the current month. The journal entry to record this event:
A. will include a debit to Accounts Receivable for $2,110. B. is not required; no journal entry should be prepared until the utilities bill is paid. C. will include a credit to Accounts Payable for $2,110. D. will include a credit to Utilities Expense.
The cost of capital is the average rate of return that the company earns on its investments.
Answer the following statement true (T) or false (F)