The Last Four Weekly Values of Sales Were 80,100,105,and 90

question 116

Essay

The last four weekly values of sales were 80,100,105,and 90 units,respectively.The last four forecasts (for the same four weeks)were 60,80,95,and 75 units,respectively.Calculate the MAD,MSE,and MAPE for these four weeks.

Understand the principles of accrual basis accounting and how it differs from cash basis accounting.

Identify and explain the four basic types of accounts that require adjusting entries.

Determine the necessity and process for updating accounts at the end of the period.

Match types of accounts with related business transactions.

---

Definitions:

Solid-State Alteration

The process of mineralogical and structural changes in rocks without melting, often through heat, pressure, or chemical exchange.

Metamorphic

Pertaining to rock that has undergone transformation by heat, pressure, or other natural agencies.

Pressure

The force exerted per unit area by gases, liquids, or solids on the walls of their container or on objects in contact with them.

Confining Pressure

The pressure applied equally in all directions at any given point within the earth’s crust, often affecting rock properties.