The City Golf Course Is Interested in Starting a Junior

question 51

Multiple Choice

The city golf course is interested in starting a junior golf program.The golf pro has collected data on the number of youths under 13 that have played golf during the last 4 months.Using a three-month moving average (with weights of 5,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for October made at the end of September in the following time series would be __________.

• A) 24
• B) 21
• C) 21.56
• D) 19.22
• E) 22

---

Definitions:

Additions

Refers to increases or expenses added to a specific account, often relating to assets like buildings or equipment.

Extraordinary Repairs

Infrequent expenditures that extend an asset’s life (such as a new engine in a car).

Betterments

Improvements that increase the efficiency of an asset by adding accessories or replacing parts with more effective/powerful ones.

Revenue Expenditures

Expenses incurred during the normal operation of a business that are expected to be consumed within the same accounting period.