The City Golf Course Is Interested in Starting a Junior

question 38

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

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Definitions:

Cash Flow Statement

The cash flow statement is a financial document that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment activities, and financing activities.

Income Statement

A financial statement that shows a company's financial performance over a specific period, detailing revenues, expenses, and net income.

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained rather than being paid out as dividends to shareholders, often reinvested in the business or used to pay off debt.