Instruction 14-2
the Following Table Contains the Number of Complaints

question 190

Multiple Choice

Instruction 14-2
The following table contains the number of complaints received in a department store for the first six months of last year.
$$\begin{array} { c c } \text { Month } & \text { Complaints } \\\text { January } & 36 \\\text { February } & 45 \\\text { March } & 81 \\\text { April } & 50 \\\text { May } & 108 \\\text { June } & 144\end{array}$$
-Referring to Instruction 14-2,suppose the last two smoothed values are 81 and 96 (Note: They are not) .What would you forecast as the value of the time series for July?

• A) 86
• B) 91
• C) 96
• D) 81

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Definitions:

Adjusting Entries

Journal entries made in an accounting system to update account balances before financial statements are prepared, ensuring records adhere to the accrual basis of accounting.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to ensure they are equal.

Current Assets

Current assets are assets that a company expects to convert into cash, sell, or consume through the normal operations of the business within one year or one business cycle, whichever is longer.

Balance Sheet

A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.