Table 118 -Use the Information in Table 11

question 141

Multiple Choice

Table 11.8.
$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { No. Machines } \\\text { Sold }\end{array} \\\hline 1 & 50 \\2 & 65 \\3 & 52 \\4 & 56 \\5 & 55 \\6 & 60 \\\hline\end{array}$
-Use the information in Table 11.8. Calculate the MAD for months 4 through 6 for the three- month moving average forecasts.

• A) less than or equal to 2
• B) greater than 2 but less than or equal to 4
• C) greater than 4 but less than or equal to 6
• D) greater than 6

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Definitions:

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred, ensuring that financial statements reflect accurate and up-to-date information.

Expense Accounts

Accounts used in accounting to track money spent or costs incurred in a business's operation, often categorized for budgeting and taxation purposes.

Asset Account

An account on a company's balance sheet that represents a resource with economic value owned or controlled by the business.

Revenue Accounts

Accounts that track the income generated from a company's primary and secondary activities, such as sales revenue, service revenue, and interest income.