What Will Be the Forecast for the Month of October

question 73

Multiple Choice

What will be the forecast for the month of October using a 3-period moving average and weights of 0.2,0.3 and 0.5,if the demand during the months of May,June,July,August and September was 200,180,210,200 and 220 respectively? (The desire is to have the most recent data influence the forecast most strongly. )

• A)200
• B)207
• C)212
• D)225

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset.

Office Supplies

Items and equipment regularly used in offices by businesses and other organizations, including paper, pens, and stationery.

Payroll

The total amount of wages and salaries paid by a company to its employees, as well as the process of managing these payments.

Adjusting Entry

At the close of an accounting period, journal entries are recorded to appropriately distribute income and expenses to the period they occurred.