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What is the primary assumption behind the experience approach to forecasting?
The experience approach to forecasting is relies on the assumption that things will happen a fixed way in the future as they happened that way in the past. For example, if it has all the time taken you fifteen minutes to drive to the grocery store, then you will almost certainly assume that it will take you approximately fifteen minutes the next time you drive to the store. Likewise, financial managers often assume sales, expenses, or earnings will grow at fixed rates in the future as they grew at that rate in the past.
State the factors of Tests of controls Tests of controls may include · Enquiries and observations corroborating internal control functions. Inspection of docu
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One of the most important objectives of statistical analysis is to get one single value that describes the characteristic of the entire mass of unwieldy
The issuer will not have to disclose the rating to the public. The firm can, either independently or with the help of its investment banker, assess its shadow
Why do total assets equal the sum of total liabilities and equity? Explain. Assets = Liabilities + Equity Assets are the items of value that a business owns. Liabilities ar
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Determine the steps for managing the funds For managing the funds first thing you would need is information. Externalinformation has to be collected from environment and accoun
Roxanne invested $560,000 in a new business 7 years ago. The business was expected to bring in $8,000 each month for the next 26 years (in excess of all costs). The annual cost of
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