Presidents have formal control over rulemaking by independent agencies.
a. true
b. false
Answer: b. false
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A technique for fitting a straight line to a scattergram by minimizing the square of the vertical distances of all the points from the line is known as the ________
A) least-square procedure B) scatter diagram plot C) sum of square errors procedure D) maximum residual procedure
Tropic Breeze Residences, Inc, owns apartment buildings. Suki leases one of Tropic Breeze's apartments. Suki's transfer of her interest in the lease to Vito for a period shorter than the lease term is A) an assignment
B) a violation of the law. C) a periodic tenancy. D) a sublease.
If the total rate of return is multiplied by 1/N, where N is the number of years for which the investment was held, the result is the
A) serialized rate of return. B) annualized rate of return. C) tax-free rate of return. D) capitalized rate of return.
Athens Company's salaried employees earn two weeks of vacation per year. The company estimated and must expense $9800 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?
A. Debit Vacation Benefits Payable $9800; credit Vacation Benefits Expense $9800. B. Debit Vacation Benefits Expense $20,360; credit Vacation Benefits Payable $20,360. C. Debit Vacation Benefits Expense $19,700; credit Vacation Benefits Payable $19,700. D. Debit Vacation Benefits Payable $19,700; credit Vacation Benefits Expense $19,700. E. Debit Vacation Benefits Expense $9800; credit Vacation Benefits Payable $9800.