If the coefficient of correlation is .7, the percentage of variation in the dependent variable explained by the variation in the independent variable is
A. 70%.
B. 49%.
C. 30%.
D. -51%.
Answer: B
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The method of pricing by-products/scrap where no value is assigned to these items until they are sold is known as the
a. net realizable value at split-off point method. b. sales value at split-off method. c. realized value approach. d. approximated net realizable value at split-off method.
The following information was provided by Joseph Company as of December 31, Year 2:
On the most recent trading date, Joseph's common shares sold at $36 and the preferred shares sold at $14.The following information on industry averages is provided:Earnings per share $2.06Price-earnings ratio 13.2:1Required:1) Calculate and compare Joseph Company's ratios with the industry averages shown above. Round your answer to two decimal places.2) Discuss whether you would invest in this company.
What will be an ideal response?
A watchmaking company has priced one of its wristwatches at $210. Most of its competitors sell similar watches at $180. Selling anything less than $150 would result in a loss for the company. However, the absolute maximum a customer is willing to pay for it is $170. In this scenario, what is the reservation price of the wristwatch?
A. $210 B. $170 C. $180 D. $150
The seller of a painting is bound by the sales contract if the painting purchased was considered of little value and only later discovered to be valuable to the surprise of both buyer and seller
Indicate whether the statement is true or false