Below You Are Given the First Four Values of a Time

question 59

Multiple Choice

Below you are given the first four values of a time series. Using a 4-period moving average, the forecasted value for period 5 is

• A)2.5
• B)17
• C)20
• D)10

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Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

Asset Account

A financial account that represents the resources owned by a company, which have future economic value.

Liability Account

An accounting record that represents debts or obligations a company owes to others.

Cash Basis

An accounting method where revenues are recognized when received and expenses when paid, contrasting with accrual basis accounting.