Use the Data Given Below to Answer the Following Question(s)

question 66

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading.
-For the data given above,the number of forecast values is ________.

• A)2
• B)3
• C)4

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Definitions:

Wages Payable

A liability account that records the amounts owed to employees for work performed that have not yet been paid.

Accounts Receivable

Funds that customers owe to a company for products or services provided but for which payment has not been received.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided, recognized as a liability on the balance sheet.

Ledger

A comprehensive set of accounts that records all financial transactions of a business, categorized by type.