What is the bivariate regression equation if sample observations are used to predict Y?
A) ? = a + b1X1 + b2X2
B) ? = ?0 + ?1 Xi
C) ? i =?0 + ?1 Xi + ei
D) ? i = a + bxi
D
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A voucher is usually supported by
a. a supplier's invoice b. a purchase order c. a receiving report d. all of the above
Refer to the data for Mother Nature Supplies. Which of the following would result from a horizontal analysis of its balance sheet?
a. Accounts receivable increased $22,000 or 57.9% during 2017. b. Accounts receivable is five times larger than Merchandise inventory in 2017. c. Accounts receivable is 13.3% of total assets for 2017. d. Merchandise inventory is 2.7% of total assets for 2017.
Which of the following statements is true regarding vertical analysis?
a. Common-size financial statements can be used to compare businesses of different sizes. b. Vertical analysis can only be used with balance sheet accounts. c. Vertical analysis can only be used with income statement accounts. d. Vertical analysis can only be used with retained earnings accounts.
Effective control of a company's operations is achieved through all of the following except:
a. periodically measuring and comparing company results. b. assigning responsibility for costs to employees responsible for those costs. c. constantly monitoring employees to ensure they do exactly as they are told. d. taking necessary corrective action when variances suggest it is needed.