Plz post a photo or answer choices of the problem
Answer:
Forecast for the quarter= Forecast for third quarter * Seasonal Index
Putting values in the equation:
Forecast for the quarter= 2000 units * 1.18= $2360
This forecasting method adjusts the previous period amounts to obtain an amount which reflects the seasonal changes. It is widely used in management accounting to estimate future sales while making budgets.
Answer:
d. verify that the debits and credits are in balance.
Explanation:
Option A is wrong because without adjusting entries, there is not necessary to adjust the flow of the financial statement.
Option B is wrong because, if we do not give adjusting entries, a debit and a credit entry will not come, and that cannot disturb the income statement.
Option C is wrong because whether the adjusting entries are posted or not, net income will always go to the statement of owner's equity.
The purpose of adjusting entries is to verify that the debits and credits are in balance. Therefore, <em>option D</em> is the answer.
Answer: Menu cost
Explanation:
Menu cost is the cost to a firm due to constant price changes. The name was coined from restaurants who changed their prices constantly by printing new menus.
For a wider definition, the menu costs also include the re-tagging of items, updating of computer systems, and hiring consultants in order to develop new pricing strategies and the costs of printing menus.
