If the coefficient of determination is .90, the percentage of variation in the dependent variable explained by the variation in the independent variable is
a. .90%.
b. 90%.
c. 81%.
d. .81%.
b
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Which of the following is not a reason that large IT projects require economic justification?
A. IT investments require large amounts of capital B. Capital resources are limited C. IT is a commodity, every firm makes IT investments D. Major IT projects can affect substantial portions of the organization
The Magazine Division of Continental Publishing Company had the following financial data for the year: Assets available for use $1,000,000 Book Value $1,500,000 Market Value Residual income $100,000 Return on investment 15% Refer to Continental Publishing Company. What was the target rate of return for Continental Publishing Company?
a. 10% b. 15% c. 25% d. 5%
Many not-for-profit organizations practice the marketing concept
Indicate whether the statement is true or false
Abbott Company uses the estimate of sales method of accounting for uncollectible accounts. Abbott estimates that 3% of all credit sales will be uncollectible. On January 1, 2009, the Allowance for Doubtful Accounts had a credit balance of $2,400. During 2009, Abbott wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjusting entry, the December 31, 2009,
balance in the Uncollectible Accounts Expense would be A) $1,200 B) $3,000 C) $3,600 D) $7,200