What would be the coefficient of determination if the total sum of squares (SST) is 23.29 and the sum of squares due to regression (SSR) is 10.03?
a. 2.32
b. 0.43
c. 13.26
d. 0.89
B
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On January 2, 2016, Garage Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. The interest expense on the bonds at June 30, 2016, is
a. $2,764. b. $17,236. c. $20,000. d. $22,764.
Below is a list of accounts for the Duclaw Dog Company. 1 Accounts Payable2 Accounts Receivable3 Accumulated Depreciation-Equipment4 Allowance for Doubtful Accounts5 Bonds Payable6 Cash7 Common Stock8 Discount on Bonds Payable9 Equipment10 Insurance Expense11 Interest Expense12 Inventory13 Notes Payable, due in 5 years14 Prepaid Rent15 Retained Earnings16 Salaries and Wages Expense17 Salaries and Wages Payable18 Unearned RevenueIndicate the proper balance sheet classification of each of the 18 numbered accounts by inserting the appropriate classification, taken from the list below, after each of the numbers Current assetsProperty, plant, and equipmentCurrent liabilitiesLong-term liabilitiesShareholders' EquityIncome Statement account
What will be an ideal response?
Which of the following account balances is not reported on the balance sheet?
A) Materials Inventory B) Manufacturing Patents C) Cost of Goods Sold D) Work in Process Inventory
Martin wins a car in a lottery. As he already owns a car, he decides to sell the new one to his friend Ted. While driving the car, Ted gets into a head-on collision with another car
Due to a defective Supplemental Restraint System (SRS) in the vehicle, the airbag does not deploy and Ted is seriously injured. Which of the following statements is true of this situation? A) Martin can be held strictly liable because he sold the car to Ted. B) The car manufacturer cannot be held strictly liable as Ted had not bought the car from it. C) Martin cannot be held strictly liable as the sale of the car counts as a casual transaction. D) The driver of the other car can be held strictly liable due to his or her involvement in the accident.