One of the simplest ways to reduce random variation is to smooth the time series using moving averages and exponential smoothing
Indicate whether the statement is true or false
T
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A payment to an employee in settlement of salaries payable decreases an asset and decreases equity.
Answer the following statement true (T) or false (F)
Which of the following would be included in the journal entry to record the payment of sales tax payable?
A) a debit to Sales Tax Payable B) a credit to Sales Tax Expense C) a debit to Sales Tax Expense D) a credit to Sales Tax Payable
Reva Electric Car Company (RECC.) manufactures electric cars for the Indian market. RECC
identified a potential market in European countries for an electric car, and introduced the Reva under a new brand name and with different promotion. Which of the following market growth strategies is RECC employing in the above case? A) diversification B) product development C) market development D) market penetration
SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royal's tennis courts by April 1 for a tournament to begin May 1. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is
A. meant to pay for additional liquid sealant in the event of damage. B. a reasonable estimate of the loss on a breach. C. designed to penalize the breaching party. D. intended to quickly provide cash to the nonbreaching party.