Since an error in the period-end inventory causes an offsetting error in the next period:
A. Managers can ignore the error.
B. It is said to be self-correcting.
C. It affects only income statement accounts.
D. Is immaterial for managerial decision making.
E. If affects only balance sheet accounts.
Answer: B
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Which of the following is not an approach used for online analytical processing (OLAP).
A. Consolidation B. Data mining C. Exception reports D. What-if simulations
A negotiated transfer price will be between the negotiation floor and the negotiation ceiling
Indicate whether the statement is true or false
The training consultant feels that the sales representatives need to understand the entire market to put their customers' needs and buying motives in context
To understand the entire industry, the training consultant recommends that the sales representatives learn more about: A) customers' business plans B) competitor companies' products and pricing C) management's five-year plan D) the history of the lumber industry E) the close rates of other sales reps in the company
Which of the following is a drawback of mean absolute deviation (MAD)?
A. There is no information about the forecasting bias. B. The cancellation of the positive and negative forecast errors can distort the information. C. Large errors tend to be magnified because they are squared. D. It is very complex to calculate.