Table 6 -1. Actual Sales Data

question 19

Multiple Choice

Table 6 -1. Actual Sales Data

-Refer to Table 6 -1. Using the exponential smoothing model with an a of 0.2 and a smoothed forecast for period 1 of 350, what is the forecast for period 3?

• A) 349
• B) 355
• C) 369
• D) 385
• E) 402

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including those classified as cash equivalents.

Cash Dividend

A distribution of earnings given by a company to its stockholders, often as a share of profits.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific moment in time, showing assets, liabilities, and shareholders' equity.

Direct Method

A cost allocation method that assigns all costs directly to cost objects without going through intermediate cost pools.