Table 112
the Manager of a Pizza Shop Must Forecast Weekly

question 70

Multiple Choice

Table 11.2
The manager of a pizza shop must forecast weekly demand for special pizzas
so that he can order pizza shells weekly. Recent demand has been:
$\begin{array} { | c | c | } \hline \text { Week } & \begin{array} { c } \text { No. Special } \\\text { Pizzas }\end{array} \\\hline 1 & 50 \\2 & 65 \\3 & 53 \\4 & 56 \\5 & 55 \\6 & 60 \\\hline\end{array}$
-Use the information from Table 11.2. If a four- week weighted moving average were used, what would be the forecast for week 7? (The weights are 0.77, 0.11, 0.11, and 0.01.)

• A) less than or equal to 58
• B) greater than 58 but less than or equal to 59
• C) greater than 59 but less than or equal to 60
• D) greater than 60

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Definitions:

Internal Control

A process implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Bank Statement

A document issued by a bank that summarizes a customer's transactions, including deposits, withdrawals, and balances over a specific period.

Accounts Receivable Turnover Ratio

A financial metric indicating how effectively a company collects its receivables or money owed by customers.

Average Days Sales

A metric that estimates the average time it takes for a company to collect cash from its customers after a sale has been made, often used in analyzing a company's liquidity and operational efficiency.