An appellate court conducts the initial proceedings in a legal dispute
Indicate whether the statement is true or false
F
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An air conditioning and heating repair firm conducted a study to determine if the average outside temperature could be used to predict the cost of an electric bill for homes during the winter months in Houston, Texas
The resulting regression equation was: Y = 227.19 - 1.45X, where Y = monthly cost, X = average outside air temperature (a) If the temperature averaged 48 degrees during December, what is the forecasted cost of December's electric bill? (b) If the temperature averaged 38 degrees during January, what is the forecasted cost of January's electric bill?
Value is created when the industry is profitable and the firm is in a disadvantaged competitive position within the industry
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
Firms do not need to alter management techniques to encourage corporate entrepreneurship because it tends to occur naturally.
Miguel has a 50% interest in partnership capital, profits, and losses. The basis for his partnership interest is $50,000. The partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. Miguel receives a distribution of land that has an FMV of $40,000 and an adjusted basis of $30,000. The land is subject to a $15,000 liability, which Miguel
assumes. His basis in the partnership interest following the land distribution is A) $12,500. B) $20,000. C) $27,500. D) $35,000.