The following points are relevant to the current economic state of Country Zee.Country Zee is currently at what point of the economic cycle?
A. Boom
B. Recovery
C. Slump
D. Recession
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Do the following statements relate to a production budget or a cash budget?Based on the output the business expects to produce in the period
A. Production budget
B. Cash budget
Sales and purchases on credit are included at the time of payment
A. Production budget
B. Cash budget
Which of the following is NOT a possible time series pattern?
A. The trend
B. Seasonal variation
C. Random variation
D. Limited variation
How is the seasonal variation calculated using the multiplicative model, if T = trend figure, S = seasonal variation and A = actual figure?
A. S = A / T
B. S = A x T
C. S = A - T
D. S = T+/- S