Forecast error:
a. takes a positive value when the forecast is too high.
b. cannot be negative.
c. cannot take a value of zero.
d. is associated with measuring forecast accuracy.
D
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One effect on the accounting equation when a firm lends money is
a. stockholders' equity decreases. b. liabilities decrease. c. liabilities increase. d. total assets remain the same.
On February 1, 2015, Vermont Corp pays $50,000 for shares of Stream, Inc common stock and another $1,000 in commissions. Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000 . In this case, Vermont recognizes
a. An increase in assets and stockholders' equity for $2,000. b. An decrease in assets and an increase in stockholders' equity for $2,000. c. An increase and decrease in assets by the same amount. d. An increase in assets and stockholders' equity for $3,000.
When savers buy securities from borrowers without the assistance of any third party, they are using
A. direct finance. B. indirect finance. C. a secondary market. D. a financial intermediary.
A dishonored note means the payee's entry includes a
a. credit to Accounts Receivable. b. debit to Interest Expense. c. debit to Notes Receivable. d. credit to Interest Income.