In Determining Weekly Seasonal Indexes for Petrol Consumption, the Sum

question 116

Multiple Choice

In determining weekly seasonal indexes for petrol consumption, the sum of the 52 means for petrol consumption as a percentage of the moving average is 5050. To get the seasonal indexes, each weekly mean is to be multiplied by:

• A)5200 / 5050.
• B)(5200 + 5050) / 52.
• C)(5050 + 52) / 5200.
• D)5050 / 5200.

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Definitions:

Deferred Tax Liability

A tax obligation that arises when taxable income will be higher in future periods due to temporary differences in accounting methods.

Tax Effect

The impact financial transactions have on the amount of tax payable by an individual or corporation.

Revaluation

The process of adjusting the book value of a company's assets to reflect their current market values