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Exhibit 11.6
The following questions use the data below.
A store wants to predict quarterly sales. The owner has collected 3 years of sales data and wants your help in analyzing the data using the double moving average model with k = 4.
-Refer to Exhibit 11.6. What formula should be entered in cell E6 (and copied to E7:E14) to compute the first average when using the double moving average method with k = 4?
Entry
A record in an account that documents a financial transaction in bookkeeping.
Special Journals
Customized accounting journals used for recording specific types of transactions that occur frequently.
General Journal
A primary accounting record where all types of financial transactions are initially recorded in chronological order before being posted to specific accounts in the general ledger.
Cash Receipts Journal
A specific financial journal used in accounting to record all cash inflows to a business.
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