Armed only with his fingers, the owner decides that the safest forecasting approach is a moving average of two periods. Generate a forecast for the year using this technique and then calculate forecast errors using MAPD
What is the mean absolute deviation for this forecasting approach?
A) 7.67%
B) 4.45%
C) 6.24%
D) 5.11%
Answer: A
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____________________ is the principle that states that a business should use the same accounting methods from period to period. This improves the comparability of the financial statements over time
Fill in the blank(s) with correct word
When does an automatic stay become permanent?
A. When the petition is determined to be valid. B. Never. C. When the debtor files for bankruptcy. D. Once the bankruptcy proceedings have ended.
[APPENDIX] Debbie and Alex formed a new partnership. The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion. If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner?
a. Debbie—$45,000; Alex—$45,000 b. Debbie—$20,000; Alex—$10,000 c. Debbie—$60,000; Alex—$30,000 d. Debbie—$40,000; Alex—$20,000
The cost that is avoided when a company eliminates a single item of a product or service is a:
A. Batch-level cost. B. Facility-level cost. C. Product-level cost. D. Unit-level cost.