With Reference to a Spreadsheet Model, an Uncontrollable Model Input

question 13

Multiple Choice

With reference to a spreadsheet model, an uncontrollable model input is known as a(n)

• A)decision variable.
• B)dummy variable.
• C)parameter.
• D)statistic.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.

Allowance Method

An accounting method used to estimate and deduct accounts receivable that are deemed to be uncollectible.

Uncollectible Accounts

Accounts receivable that are considered irrecoverable and are written off as a loss by a business.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.