Obtain 13 years of data from the published financial statements of a company. You will be able
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a. Use the results from the regression on the first 12 years of data to estimate the cost of goods sold for year 13. How far off was your estimate of cost of goods sold for year 13?
b. Prepare a report that describes your work and discusses reasons why your estimate of cost of goods sold is different than the actual cost of goods sold for year 13.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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