The LIFO method of inventory valuation can result in a company's ending inventory being valued at less than the inventory's replacement cost because LIFO inventory leaves the oldest costs in inventory.
Answer the following statement true (T) or false (F)
True
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Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow:MonthMachine HoursElectricity CostsJanuary2,500$18,400 February2,900 21,000 March1,900 13,500 April3,100 23,000 May3,800 28,250 June3,300 22,000 July4,100 24,750 August3,500 22,750 September2,000 15,500 October3,700 26,000 November4,700 31,000 December4,200 27,750 Summary OutputRegression StatisticsMultiple R0.965R Square0.932Adjusted R20.925Standard Error1,425.18Observations12.00 CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Intercept3,726.881,682.822.210.05(22.69)7,476.45Machine Hours5.770.4911.70.004.676.87Based on the results
of the high-low analysis, the estimate of electricity costs in a month with 2,200 machine hours would be: A. $15,375. B. $15,180. C. $22,825. D. $16,427.
Which of the following statements is true of telecommuting?
A. Telecommuting is neither a cure-all nor a universally feasible alternative. B. Managers who use telecommuting place a greater emphasis on the worker than the work. C. Telecommuting eliminates any chances of feeling a sense of social isolation. D. Teamwork is not possible through telecommuting.
When a crisis occurs, you will typically encounter ________
A) a siege mentality, encouraged by your attorneys B) a sense of calm heretofore unknown C) masses of information D) increased internal scrutiny
______ are behaviors that upset us.
Fill in the blank(s) with the appropriate word(s).