Suppose for a Particular Week, the Forecasted Sales Were $4,000

question 57

Multiple Choice

Suppose for a particular week, the forecasted sales were $4,000. The actual sales were $3,000. What is the value of the mean absolute percentage error?

• A)-33.3%
• B)-25%
• C)25%
• D)33.3%

Grasp key aspects of Canadian labour law related to union activities and collective agreements.

Understand the concept and calculation of the Profitability Index for investment projects.

Understand the impact of salvage value, working capital, and income taxes on the evaluation of investment projects.

Understand the method for computing the simple rate of return and its significance in investment decisions.

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Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Statement of Changes

A financial report detailing the changes in equity of a company over a specific period.

ASPE

Accounting Standards for Private Enterprises, a set of accounting standards for privately-held companies in Canada, providing guidelines on financial reporting.

IFRS

International Financial Reporting Standards, a set of accounting rules and standards issued by the International Accounting Standards Board (IASB) to ensure consistency and transparency in financial reporting globally.