Identify the correct statement about forecasting. The primary goal of forecasting is to predict areas within the organization where there will be future capital shortages or surpluses for equipment. Judgmental methods are excellent for capturing historic trends in a company's demand for labor directional strategies. Under the right conditions, judgmental methods give predictions that are much more precise than those that could be achieved statistically. Forecasting, on both the supply and demand sides, can use either statistical methods or judgmental methods.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow