Distinguish between a moving average model and an exponential smoothing model.

Event is reasonably possible but amount is not estimable

A) Record only
B) Record and disclose
C) Disclose only
D) Do not record or disclose

Raw materials that are tangible components of the finished product and can be separately and readily traced through the manufacturing process are called:

A) Raw materials sold.
B) Chargeable materials.
C) Work in process.
D) Indirect materials.
E) Direct materials.

To hide your nervousness, stand behind a speaking lectern while delivering your entire presentation.

A high average collection period may indicate:

A) management's willingness to quickly write-off questionable receivables.
B) customers are paying for purchases quickly.
C) a strict collection policy.
D) None of the above