If the data are clustered close to the regression line ________
A) the correlation coefficient is likely to be 0
B) the standard error is likely to be small
C) the intercept term is likely to be large
D) the slope is likely to be negative
B
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Global Trading Company. converts its foreign subsidiary financial statements using the translation process. The company's Swiss subsidiary reported the following for 2014: revenues and expenses of 13,220,000 and 6,672,000 Swiss francs, respectively, earned or incurred evenly throughout the year, dividends of 2,000,000 Swiss francs were paid during the year. The following exchange rates are
available: On January 1 . 2014 .................................... $.175 On December 31 . 2014 .................................. .188 Average rate for 2014 ................................. .178 Rate when dividends were declared and paid ............ .196 Translated net income for 2014 is a. $891,408. b. $809,544. c. $1,283,408. d. $1,165,544.
Learning to live with the outcomes of harmful decisions is part of which ethical standard?
A. enhance the dignity of those harmed by the action B. advance the organization’s objective C. sustain the moral sensibility of those executing morally ambiguous tasks D. serve the greater good
An important goal of a diversity training program is to
A) achieve minority hiring quotas. B) help employees deal more effectively with people of different cultures. C) move women and minorities into managerial positions more quickly. D) market products to ethnic groups more effectively.
On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ferguson uses the perpetual inventory system and the gross method. On July 5, Tracey returns some of the merchandise, which is not defective. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Ferguson must make on July 5 is:
A.
| Accounts receivable | 500 | |
| Sales returns and allowances | 500 |
B.
| Accounts receivable | 500 | |
| Sales returns and allowances | 500 | |
| Cost of goods sold | 350 | |
| Merchandise inventory | 350 |
C.
| Sales returns and allowances | 500 | |
| Accounts receivable | 500 | |
| Merchandise inventory | 350 | |
| Cost of goods sold | 350 |
D.
| Sales returns and allowances | 500 | |
| Accounts receivable | 500 |
E.
| Sales returns and allowances | 350 | |
| Accounts receivable | 350 |