Using the Actual Demand Shown in the Table Below, What

question 17

Multiple Choice

Using the actual demand shown in the table below, what is the forecast for May (accurate to 1 decimal) using a 4-month weighted moving average and the weights 0.1, 0.2, 0.3, 0.4 (with the heaviest weight applied to the most recent period) ? Nov.Dec.Jan.Feb.Mar.Apr.39
36
40
38
48
46

• A)44.4
• B)43.0
• C)42.5
• D)41.6

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Definitions:

Ledger Accounts

Individual accounts within the general ledger, detailing transactions related to a specific asset, liability, equity, revenue, or expense.

Financial Statements

Reports that provide an overview of a company’s financial condition, including balance sheet, income statement, and cash flow statement.

Bank Loan Payable

This term represents the amount owed by an individual or an entity to a bank as a result of borrowing funds, typically subject to specified repayment terms and interest.

Interest Accrued

Interest that has been incurred but not yet paid, often recognized in financial statements through adjusting entries.