Which one of the following statements about the patterns of a demand series is FALSE?
A) The five basic patterns of most business demand series are the horizontal, trend, seasonal, cyclical, and random patterns.
B) Estimating cyclical movement is difficult. Forecasters do not know the duration of the cycle because they cannot predict the events that cause it.
C) The trend, over an extended period of time, always increases the average level of the series.
D) Every demand series has at least two components: horizontal and random.
C
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Some assets, such as a nuclear power plant, are not readily salable at the end of their useful lives, and retiring them may impose substantial costs. Which of the following is/are true?
a. Firms must estimate the fair value of the dismantling costs and include that amount in the initial measurement of the asset. b. Firms recognize a liability, referred to as an asset retirement obligation at the estimated fair value of the dismantling costs. c. Firms compute depreciation based on the combined cost of the plant assets, including the fair value of the dismantling obligations. d. all of the above e. none of the above
Describe the Internet's role as a source of industry data
What will be an ideal response?
In fixed-period ordering technique, ______.
a. the order interval is fixed b. the order quantity is variable c. both A and B d. neither A nor B
New Hope, Inc is a merchandiser of stone ornaments
It sold 15,000 units during the year. The company has provided the following information: Sales Revenue $525,000 Purchases (excluding Freight In) 347,000 Selling and Administrative Expenses 36,500 Freight In 15,500 Beginning Merchandise Inventory 42,000 Ending Merchandise Inventory 55,500 How much is the gross profit for the year? A) $212,500 B) $349,000 C) $176,000 D) $178,000