Demand was low two years ago but increased sharply last year thanks to an aggressive marketing campaign. A time series model that puts the greatest emphasis on the most recent period is probably the best choice to predict next year's demand

Indicate whether the statement is true or false.


Answer: FALSE

Business

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During the taking of a physical inventory on December 31, 2012, inventory was counted as $100,870 instead of the correct amount of $100,780 . The effect of the error on the December 31, 2012 balance sheet and income statement will be: Ending inventory will be ________; ________ will be overstated

a. understated; cost of merchandise sold b. overstated; cost of merchandise sold c. overstated; net income d. understated; gross profit

Business

A five-member Public Company Accounting Oversight Board oversees the audit of public companies, and the SEC oversees the Board

a. True b. False Indicate whether the statement is true or false

Business

Using the information provided in Table 12-1 and counting each person being served and the people in line, on average, how many people would be in this system?

A) 0.521 B) 1.646 C) 1.125 D) 0.183 E) None of the above

Business

If a US court determines that the law applicable to a dispute is foreign, the court will:

a. make certain what the foreign rule is and apply it to the case. b. transfer the case to a foreign court. c. decline its jurisdiction. d. apply the US rule that is equivalent to the foreign rule.

Business