Which of the four time series components is more likely to exhibit the relative steady growth of the population of Las Vegas from 1964 to 2004?
a. Long-term trend c. Seasonal variation
b. Cyclical variation d. Random variation
A
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Cold and Flu Corporation reported the following information for 2011 and 2012. Inventory is not reported as there was no change in inventory from December 31, 2011, to December 31, 2012. Accounts payable, December 31, 2011 $ 45,000 Accounts payable, December 31, 2012 25,000 Cost of goods sold 2012 220,000 How much cash was paid for inventory during 2012?
A) $200,000 B) $245,000 C) $265,000 D) $240,000
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NThe Premier Corporation began operations on January 1, Year 1 by issuing 10,000 shares of no-par stock for $22 per share. Indicate the effects of this transaction on the financial statements.AssetsLiabilitiesEquityRevenuesExpensesNetIncomeCash Flow? ?????
What will be an ideal response?
Growingreen, a gourmet fresh food store, orders 100 lbs. of peaches from Western Fruits "on approval." Growingreen has never dealt with Western before this transaction. Since it only sells the highest quality fruits, Growingreen asked for and received these special terms. The peaches arrived on Saturday, but the owners of Growingreen were too busy to open the crates. Sunday they are closed
Monday at 4 p.m., they opened the boxes and inspected the peaches. They did not meet the high standards of Growingreen, so they nailed the crates shut and ordered a truck to return them the next day. They arrived at Western on Thursday, totally spoiled, a week after they were sent. This is the first time Western knew they were not being accepted. Who is responsible for the damages to the peaches? A) Growingreen, since it did not, within a reasonable time, notify Western of its election to return the peaches B) Growingreen; the risk of loss was on them when the peaches arrived C) Western, since they retained the risk of loss until approval D) Western, because they agreed to take the goods back
The maximum amount of time that a minor has to disaffirm a contract is: A) one year from the date of the agreement
B) 30 days from learning of his or her right to disaffirm. C) the age of majority. D) a reasonable period of time after reaching the age of majority.