Table 14.7 -Use the Information in Table 14.7.What Is the Forecast for the Forecast

question 105

Multiple Choice

Table 14.7
-Use the information in Table 14.7.What is the forecast for July with the two-month moving-average method and June sales of 40 units?

• A)fewer than or equal to 25 units
• B)greater than 25 but fewer than or equal to 30 units
• C)greater than 30 but fewer than or equal to 35 units
• D)greater than 35 units

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Definitions:

Net Income

Final earnings of a corporation post deductions of expenses and taxes from its aggregate revenue.

Revenues

Income generated from normal business operations, including sales of goods and services, fees, commissions, and other sources.

Expenses

Costs incurred in the process of earning revenue, encompassing a broad range of spending from operational to administrative.

Advertising Expense

Advertising Expense represents the costs incurred by a business to promote its products or services through various advertising mediums.