Person-administered surveys are less expensive than telephone-administered surveys.

Answer the following statement true (T) or false (F)


False

Business

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The asset leased under an operating lease requires the lessee to record depreciation expense

a. True b. False Indicate whether the statement is true or false

Business

Outdoor Living Company has just received a special order for 500 hammocks. Outdoor Living has sufficient idle capacity to accept the order. Accepting the order will increase Outdoor Living's variable manufacturing costs. Variable selling and administrative costs would be unaffected. What is the minimum price that Outdoor Living should accept for the special order?

A. A price equivalent to the hammock's unit contribution margin B. The same price that Outdoor Living charges its existing customers C. A price equivalent to the hammock's variable manufacturing cost per unit D. None of the above.

Business

The formula St = wyt + (1 - w)St-1 is used in time-series forecasting with exponential smoothing, where St is the exponentially smoothed time series at time t, yt is the value of the time series at time t, and w is the smoothing constant. The forecasted value at time t + 1 where w = .4 is given by:

a. Ft + 1 = 0.4yt +1 + 0.6St + 1 c. Ft + 1 = 0.4yt + 0.6St - 1 b. Ft + 1 = 0.4yt + 0.6St d. Ft + 1 = 0.4yt - 1 + 0.6St

Business

Identify which of the following statements is false.

A) The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due. B) Letter rulings are binding only with respect to the taxpayer requesting the ruling. C) The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal. D) The IRS may retroactively revoke an acquiescence.

Business