Question: SUBSTANTIVE AP: Using the financials presented in Table 9.11, create a model to predict the expected: a costs of sales b sales returns and allowances
SUBSTANTIVE AP: Using the financials presented in Table 9.11, create a model to predict the expected:
a costs of sales b sales returns and allowances c interest expense.
Required: Design three different models for use as substantive APs. Specify what account(s)
you are trying to predict. Explain the reason for your choice and identify the method you would use on the models. Identify four sources of possible variance that could result.
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