Exhibit 11.8 The Following Questions Use the Data Below

question 39

Multiple Choice

Exhibit 11.8
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using Winter's method. The store has collected 12 quarters of data and needs your help to analyze the data.
-Refer to Exhibit 11.8. What formula should be entered in cell F7 to compute the Trend value for year 2 Quarter 1?

• A) =$D$18*(E6-E7)+(1-$D$18)*F6
• B) =$D$18*(E7-E6)+$D$18*F6
• C) =$D$18*(E7-E6)+(1-$D$18)*F6
• D) =$D$18*(E7-E6)*(1-$D$18)

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Definitions:

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and there is at least one general partner with unlimited liability.

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.

Limited Partnership

A form of partnership where there is at least one general partner (who assumes unlimited liability for the debt) and one or more limited partners (whose liability is limited to the amount they have invested).

Certificate of Limited Partnership

A legal document filed with a state governmental authority that establishes the existence of a limited partnership.