I Using the Ratio-To-Moving-Average Method, Dividing the Actual Sales for a Month

question 63

Multiple Choice

i. Using the ratio-to-moving-average method, dividing the actual sales for a month by the typical seasonal for that month results in a figure that includes only trend, cycle and irregular fluctuations. This procedure is called deseasonalizing the sales.
Ii) The reason for deseasonalizing a sales series is to remove trend and cyclical fluctuations so that we can study seasonal fluctuations.
Iii) Knowing the seasonal pattern in the form of indexes allows the retailer to deseasonalize sales.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are incorrect.

Understand the ethical considerations in social worker-client interactions.

Identify effective communication techniques in social work.

Recognize barriers to communication within the context of social work.

Understand the impact of verbal and non-verbal communication discrepancy.

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Definitions:

Work in Process Inventory

Goods partially completed during the manufacturing process, not yet ready for sale.

Underapplied Overhead

A situation where the allocated overhead cost is less than the actual overhead incurred, leading to a discrepancy in accounting records.

Cost of Goods Sold

The expenses directly related to the manufacturing of goods a company sells.

Overapplied

Refers to a condition where the amount of costs allocated or applied to goods or services exceeds the actual costs incurred.