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Exhibit 11.1 The Following Questions Use the Data Below

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Exhibit 11.1
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages. Exhibit 11.1 The following questions use the data below. Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages.   -Refer to Exhibit 11.1. What formula should be entered in cell C13 to compute the 4-month moving average forecast for month 11? A)  =AVERAGE(B9:B12) /4 B)  =AVERAGE(B7+B10)  C)  =AVERAGE(A9:A12)  D)  =AVERAGE(B9:B12)
-Refer to Exhibit 11.1. What formula should be entered in cell C13 to compute the 4-month moving average forecast for month 11?

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Definitions:

Manner Of Performance

Refers to the way in which an obligation, task, or duty is to be executed or fulfilled according to the terms of an agreement or contract.

IOU

An informal document that acknowledges a debt owed.

Promise To Pay

A written agreement in which one party pledges to pay a specified sum to another party under defined conditions.

UCC

The United States' commercial transactions are all managed under the extensive laws encompassed by the Uniform Commercial Code.

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