A perfect straight line sloping upward would produce a correlation coefficient equal to:
a. +1.
b. -1.
c. +2.
d. -2.
A
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Roscoe Corporation owns 85% of Vintage Corporation and 25% of Waxtin Corporation. Vintage owns 60% of Waxtin. Each corporation has only one class of stock. The three corporations form a(an)
A. parent-subsidiary controlled group. B. combined controlled group. C. brother-sister controlled group. D. unrelated group of corporations.
______ are moral principles of duty and virtue that prescribe how we should behave.
What will be an ideal response?
Brendan Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction under the perpetual inventory system?
A) Accounts Receivable 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 B) Sales 1,600 Accounts Receivable 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivable 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100
The normal selling price of Carla Company's product is $3.00 per unit. The costs of production are: direct materials, $0.20; direct labor, $0.10; variable overhead, $0.40; and fixed overhead, $0.60 (based on normal capacity). The company has received a special order for 8,000 units at a unit sales price of $1.00. There is ample unused capacity to fill the order. If the order is accepted,
operating income will A) increase by $2,400. B) decrease by $2,400. C) increase by $3,600. D) increase by $8,000.