Table 119 -Use the Information in Table 11

question 123

Multiple Choice

Table 11.9
$$\begin{array} { | c | c | c | } \hline \text { Quarter } & \begin{array} { c } \text { Forecasted } \\\text { Demand } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Actual } \\\text { Demand } \\\text { (Units) }\end{array} \\\hline 1 & 85 & 95 \\2 & 55 & 55 \\3 & 70 & 45 \\4 & 60 & 75 \\\hline\end{array}$$
-Use the information in Table 11.9. What is the cumulative sum of forecast errors for the data?

• A) 0 units
• B) greater than 0, but less than or equal to 25 units
• C) greater than 25, but less than or equal to 50 units
• D) greater than 50 units

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Definitions:

Journal

The initial record in which the effects of a transaction are recorded.

Company's Records

Official documents and files that include a business's operational, financial, and transactional data.

Canceled Check

A check that has been paid or cleared by the bank it was drawn on and thus is marked as "canceled," making it no longer negotiable.

Journal

A record where all financial transactions are initially entered, which may later be posted to a ledger.