The tracking signal is the:

A) standard error of the estimate.
B) absolute deviation of the last period's forecast.
C) MAD.
D) ratio of cumulative error / MAD.
E) MAPE.


D

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The probability distribution for the daily sales at Michael's Co. is given below. Daily Sales(In $1,000s) Probability 40 0.1 50 0.4 60 0.3 70 0.2 ? The probability of having sales of no more than $60,000 is

A. 0.7. B. 0.2. C. 0.8. D. 0.5.

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The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the FIFO method in its process costing system.  UnitsPercent Complete Labor and OverheadWork in process, August 110,00025%Units completed and transferred out75,000  Work in process, August 3120,00050% All materials are added at the beginning of the process. The equivalent units for labor and overhead for the month of August are:

A. 82,500 units B. 95,000 units C. 85,000 units D. 87,500 units

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Vouchers should be used for purchases of inventory and all other expenditures made within a company.

Answer the following statement true (T) or false (F)

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The market (systematic) risk associated with an individual stock is most closely identified with the

A) variance of the returns of the stock. B) variance of the returns of the market. C) beta of the stock. D) standard deviation of the stock.

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