Questions 10-66 Through 10-69 Refer to the Following:
an Operation $\alpha$

question 25

Multiple Choice

Questions 10-66 through 10-69 refer to the following:
An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data:
Year # sold
4 years ago 10,000
3 years ago 12,000
2 years ago 18,000
Last year 20,000
-What is the forecast for this year using exponential smoothing with $\alpha$ = 0 2,if the forecast for last year was 15,000?

• A)20,000
• B)19,000
• C)17,500
• D)16,000
• E)15,000

Identify the internal controls integrated within the voucher system.

Differentiate between the gross and net methods for recording transactions in the voucher system.

Record transactions accurately using the voucher system under both the periodic inventory system and the gross method.

Comprehend the process for handling purchase returns and allowances in the voucher system.

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Definitions:

Standard Deviation

Standard deviation measures the amount of variation or dispersion from the average in a set of data points, indicating how spread out the numbers are.

Real Rate of Interest

The interest rate that has been adjusted to remove the effects of inflation; reflects the true cost of borrowing.

Nominal Rate

The rate of interest before adjustments for inflation, representing the face value rate agreed upon in financial instruments and agreements.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.