Kyle Is Conducting a Sales Forecast by Adding Up His

question 51

Multiple Choice

Kyle is conducting a sales forecast by adding up his company's sales over the past five years and then dividing that by five (the number of years) .The forecasting technique he is using is called:

• A)moving average forecasting
• B)dynamic forecasting
• C)static forecasting
• D)indexing

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Definitions:

Inventory

The raw materials, work-in-progress products, and finished goods that a company holds for the purpose of sale in the near future.

Costs Of Goods Sold

Direct costs attributable to the production of the goods sold by a company, including materials and labor.

IFRS

Stands for International Financial Reporting Standards, which are a set of accounting rules used by companies to maintain their financial statements globally, fostering transparency and comparability.

Direct Method

A cash flow statement preparation approach that separately lists major classes of gross cash receipts and payments.