________ is the percentage of the variation in the dependent variable that results from the independent variable
A) Regression
B) Coefficient of determination
C) Correlation
D) Linear regression
Answer: B
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Royal Company purchased a dump truck at the beginning of 2012 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2014, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2014, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. When calculating depreciation for 2014, Royal should a. add the $20,000 to the book value at December 31, 2013 and then allocate the revised basis over the remaining adjusted useful life of 5 years. b. report the effect of the change in life as an expense on the income statement in 2013. c. ignore the change in life on the original cost of $60,000 and depreciate the additional $20,000 cost separately over its useful life. d. expense the $20,000 and depreciate the original cost of $60,000 over its revised estimated total live of 7 years.
Which of the following locations in a store is the most appropriate to place high-margin products?
A. Left-hand side B. Center aisles C. Right-hand side D. The store entrance E. End caps
Solutions, Inc, a consultancy firm in the United States, has thirty-five shareholders. It decides to raise capital by issuing shares to more people, thereby increasing the number of shareholders
However, Solutions finds that the law prohibits it from doing so. Based on this information, Solutions is a ________. A) public corporation B) sole proprietorship C) limited liability company D) Subchapter S corporation
The acronym NAICS stands for
A. North American Industry Classification System. B. North American Industrial Communication Standards. C. North Atlantic Industrial Classification System. D. National Association of Industrial Compliance Standards. E. National Association of Industrial Communication Systems.