XBRL's Global Ledger Taxonomy Can Be Used for Transaction Processing

question 41

Multiple Choice

XBRL's global ledger taxonomy can be used for transaction processing, while the US financial reporting taxonomy is focused on output reports. Which of the following XBRL tags would you expect to find as part of the US financial reporting taxonomy?

• A)<documentType>invoice</documentType>
• B)<totalAssets>10000</totalAssets>
• C)Both A and B
• D)Neither A nor B

Identify and explain various types of forecasts including technological, moving averages, and exponential smoothing.

Apply exponential smoothing forecast technique with given data.

Describe the importance of using recent data in forecasting and the impact of trends on forecast accuracy.

Explain the process and significance of using moving averages in forecast calculations.

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Definitions:

United Mine Workers

A labor union that represents coal miners in the United States and Canada, focusing on improving working conditions and wages.

Eugene Debs

An American socialist, political activist, trade unionist, one of the founding members of the Industrial Workers of the World, and five times the candidate of the Socialist Party of America for President of the United States.

Pullman Strike

A nationwide railroad strike in the United States in 1894, which severely disrupted rail traffic in the Midwest and led to intervention by federal troops.

Socialist Party Of America

A political party in the United States, founded in the early 20th century, that advocated for the implementation of socialist principles in government and society.