If the variance of the errors is constant for each predicted y value, the condition is called ____________________
Fill in the blank(s) with correct word
homoscedasticity
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Sharon owes Lawrence Co $15,000 on a note payable, plus $3,000 of unpaid interest. Lawrence agrees to accept equipment in full settlement of the debt. The equipment is recorded on Sharon's books at $12,000, and it is currently worth $14,200. What types and amounts of gains or losses, if any, should be recorded by Sharon on this troubled debt restructuring?
A) ?No gain or loss should be recognized. B) ?Gain on Debt Restructure, $6000 C) ?Gain on Debt Restructure, $3,800; Gain on Disposal of Equipment, $2,200 D) ?$6,000 Gain on Debt Restructure, $800; Gain on Disposal of Equipment, $2,200
Consider the following SQL query. Which item best describes the results of the query?SELECT VendorID, Sum(POTotal)FROM [Purchase Orders]GROUP BY VendorID
A. Adds new purchase order information to the purchase orders table. B. Displays all purchase order lines for all vendors. C. Displays the vendor ID and the sum of all purchase order totals for that vendor. D. Displays the vendor ID and all purchase order totals in the purchase orders table.
True or false: In a "bust-out," fraud perpetrators plan to retain a business' assets while filing for bankruptcy in order to avoid responsibility for company liabilities
a. True b. False
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered:
The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.)
A) $35.09
B) $1.86
C) $29.58
D) $62.71