Suppose That Sales of a Certain Item for the Months

question 39

Multiple Choice

Suppose that sales of a certain item for the months of January through April were as follows: January - 50, February - 80, March -
70, and April - 60.Using a three month simple moving average, the
Forecast for May would be:

• A)60.
• B)65.
• C)70.
• D)80.

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Definitions:

Operating Activities

Transactions related to the primary operations of a business, such as sales, purchases, and payroll, used in cash flow analysis.

Comparative Balance Sheet

Financial statement showing a company's assets, liabilities, and equity at two or more points in time, allowing for comparative analysis.

Accumulated Depreciation

The total depreciation amount that has been charged against a fixed asset since it was put into use.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.