What is data mining?
A. A common term for the representation of multidimensional data.
B. A particular attribute of information.
C. The process of analyzing data to extract information that is not affected by the raw data alone.
D. None of the answers is correct.
Answer: C
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The trial balance does help find some errors but it will not identify errors resulting from transactions that have not been posted or transactions that were posted twice
Indicate whether the statement is true or false
Turner Corporation is holding a meeting of its shareholders to elect directors to its board. The corporation permits shareholders to cumulate their votes. A group of shareholders are looking to elect a director who would represent their concerns on the board. If 400 shares are being voted and four directors are to be elected, how many shares does the group need to elect its preferred candidate as director?
A. 100 B. 81 C. 80 D. 101
San Jose Company issued five-year 8% bonds with a face value of $100,000, for $107,023.58 on January 1, Year 1 when the market (effective) rate of interest was 7%. The bonds pay annual interest each December 31. San Jose uses the effective interest method to amortize bond discounts and premiums. (Round all intermediate calculations and final answers to two decimal places.)Required:a) Determine the annual amount of cash that will be paid to bondholders for interest?b) Calculate the amounts of: (1) Interest expense in Year 1 (2) Premium amortization in Year 1 (3) Carrying amount of the liability on December 31, Year 1c) Calculate the amounts of (1) Interest expense in Year 2 (2) Premium amortization in Year 2 (3) Carrying amount of the liability at December 31, Year 2?d) Determine the
total amount of interest that will be recorded in interest expense over the life of the bond. What will be an ideal response?
Houseman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000 units in July, August, September and October, respectively. Company policy is to maintain an ending finished-goods inventory equal to 40% of the following month's sales. On the basis of this information, how many units would the company plan to produce in September?
A. 49,200. B. 49,800. C. 50,600. D. 46,800. E. None of the answers is correct.