The coefficient of correlation r is a number that indicates the direction and the strength of the linear relationship between the dependent variable y and the independent variable x
Indicate whether the statement is true or false
T
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World-wide Financial Services, Inc. invested $27,000 to acquire 4000 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2019, World-wide Financial Services, Inc. sells 2500 shares for $14,250. In the accounting equation on May 7, 2019, ________.
A) total assets will remain unchanged B) total assets will increase C) total liabilities will decrease D) total equity will decrease
Which of the following is/are false?
a. Firms do not necessarily recognize revenues when they receive cash b. Firms do not necessarily recognize expenses when they disburse cash. c. Net income will not necessarily equal cash flow from operations each period. d. A profitable firm will likely borrow funds in order to remain in business, but eventually operations must generate cash to repay the borrowing. e. None of the above are false
Which classification is not a classification for net assets on the statement of financial position for a not-for-profit organization?
a. Partially restricted b. Temporarily restricted c. Permanently restricted d. Unrestricted
Define the term package, and explain why it is used.
What will be an ideal response?