Exhibit 11.6 The Following Questions Use the Data Below

question 51

Multiple Choice

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 I16 to compute the forecast for time period 14?

• A) =I15+2*$H$14
• B) =G14+B16*H14
• C) =G14+3*H14
• D) =G12+H12

Understand the concepts and purposes of depreciating economic resources over time.

Identify and distinguish between different types of accounts such as prepaid expenses, contra accounts, and nominal accounts.

Analyze and prepare adjusting entries for prepayments, accruals, and estimated items such as depreciation.

Recognize the process and importance of posting from journals to ledgers and preparing trial balances.

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