An important purpose of closing entries is to
A) help achieve the goals of the matching principle.
B) set permanent account balances to zero to begin the next period.
C) update the temporary accounts at year end.
D) transfer net income or net loss to the Retained Earnings account.
D
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Classified balance sheets list accounts in alphabetical order
Indicate whether the statement is true or false
Early majority buyers:
a. are very price sensitive and need highly reliable solutions b. want proven applications, reliable service, and results c. seek substantial performance improvements relative to current solutions d. tend to be skeptical about the value of innovations e. are quite risk averse
Which of the following methods gives an indication of the percentage of forecast error?
A) MAD B) MSE C) MAPE D) decomposition E) bias
Falsely flagging a forecasting method as out of control when small deviations occurring in one direction may not really reflect a real change in demand pattern is a drawback of ______.
a. control charts b. r-charts c. tracking signals d. leading indicators