Debit accountsreceivable<span>$2,000, credit service revenue $2,000</span>
Answer:
a. Conduct regular development programs for employees
Explanation:
MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
<h3>What is MAD and MSE?</h3>
MAD( Mean Absolute Deviation) and MSE( Mean Squared Error) are the most commonly used forecast error measures. MAD is the average of the absolute errors and MSE is the average of the squared errors.
Solution:- <u>Method</u><u> </u><u>1</u> Week Method 1 Actual E E^2
1 0.9 0.7 0.2 0.04
2 1.05 1 0.05 0.0025
3 0.95 1 0.05 0.0025
4 1.2 1 <u> 0.2 0.04</u>
0.5 0.085
MAD = sum of error/n
= 0.5/4
=0.125
MSE = sum of squared error/n
= 0.0.85/4
= 0.02125
<u>Method 2</u><u> </u> Week Method 2 Actual E E^2
1 0.8 0.7 0.1 0.01
2 1.2 1 0.2 0.04
3 0.9 1 0.1 0.01
4 1.11 1 <u>0.11 0.0121</u>
0.51 0.0721
Hence, MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
Learn more about the MAD and MSE here:-
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if i ever get artists block i ask myself what is the first word i think of when i think of the sky or the grass. i also read or write a short story.
Answer:
The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.
Explanation:
There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>
In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.