The role of the tracking signal when used in forecasting is to a. Determine if the forecast bias is within the acceptable control limits.
<h3>What is the purpose of the tracking signal?</h3>
When events are forecasted, it is not possible that this is done with absolute certainty as there will be some forecast bias. This bias will have to be within a certain range to make the forecasting less risky.
The tracking signal is therefore used to ensure that the range of the forecast bias is within the accepted parameters that were set.
Find out more on the tracking signal at brainly.com/question/13312380.
Answer:
The correct answer is option a.
Explanation:
Price elasticity of demand measures the change in the quantity demanded of a commodity due to the change in its price.
The change in quantity demanded and price level affects the total revenue as the total revenue is the product of price and quantity demanded.
So when the price is elastic then a change in the price level will cause a greater change in quantity demanded and thus in revenue. Similarly, when demand is inelastic a change in the price level will cause a smaller change in quantity demanded and thus revenue.
Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, $22,000,000
To Bonds payable $22,000,000
(Being issuance of bonds is recorded)
2. Interest expenses Dr, $440,000
($22,000,000 × 4% × 6 ÷ 12)
To cash $440,000
(Being payment of interest is recorded)
3. Bonds payable Dr, $22,000,000
To Cash $21,560,000
To Gain on Retirement on bonds, plug $440,000
(Being the retirement of bonds is recorded)
You would record this transaction into the accounting equation by: increasing cash and decreasing accounts receivable
<h3>
What is accounting?</h3>
Accounting refers to the process of keeping track of a company's financial transactions. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process.
The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows.
One of the essential duties in practically any firm is accounting. In a small business, it might be handled by a bookkeeper or an accountant; in larger corporations, it might be handled by vast financial departments with dozens of staff members.
Management may greatly benefit from the data produced by different streams of accounting, including cost accounting and managerial accounting, in order to make wise company decisions.
Learn more about accounting
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