In regression analysis, which of the following assumptions is not true about the error term ??
A. The expected value of the error term is one.
B. The variance of the error term is the same for all values of x.
C. The values of the error term are independent.
D. The error term is normally distributed.
Answer: A
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Assume that the custodian of a $450 petty cash fund has $56.30 in coins and currency plus $389.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A credit to Cash Over and Short for $4.70. B. A debit to Cash for $393.70. C. A credit to Cash for $393.70. D. A debit to Petty Cash for $389.00. E. A debit to Cash for $384.30.
A donut shop chain opened its first store outside of North America with the opening of a shop in Australia. The donut company used a ________ strategy
A) market development B) product penetration C) market penetration D) cash cow E) product development
For each of the indicated tax penalties, indicate the appropriate taxpayer defense. A letter may be used more than once. Not all of the letters need be used.
A. B. Negligence in filing a return. C. Filing an improper refund claim. D. Failure to pay a tax that is due. E. Undervaluation of a reported item. F. Failure to deposit withholding tax. G. Preparer penalty for taking an unreasonable tax return position. H. I. Substantial understatement of tax liability. J. Preparer penalty for reckless conduct.
The present value of an amount to be received in five years is exactly twice as large as the present value of an equal amount to be received in ten years.
Answer the following statement true (T) or false (F)