Determine the correlation coefficient and the coefficient of determination
What will be an ideal response?
Answer: r2 =.835 and r = .913
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On November 1, 2018, A U.S. company sold merchandise to a foreign company for 375,000 krone. The payment in krone is due on January 31, 2019. The spot rate was as follows: $0.20 per krone on November 1, 2018; $0.21 per krone on December 31, 2018; and $0.19 per krone on January 31, 2019 when the payment was received. Which of the following incorrectly describes the accounting for this foreign currency transaction?
A. The foreign currency transaction gain included on the income statement for the year ending December 31, 2018 was $3,750. B. The receivable was recorded at $75,000 on November 1, 2018. C. The foreign currency transaction loss included on the income statement for the year ending December 31, 2019 was $3,750. D. The receivable was recorded at $78,750 on the December 31, 2018 balance sheet.
Lawsuits against a company in connection with an industrial accident would not be disclosed in the notes to the financial statements as a contingent liability until the lawsuits have been settled
Indicate whether the statement is true or false
With which pricing strategy does the seller take responsibility for part or all of the actual freight charges in order to acquire the desired business?
A) FOB origin pricing B) freight-absorption pricing C) basing-point pricing D) location-based pricing E) uniform-delivered pricing
The power to investigate and prosecute possible violations of statutes, administrative rules, and administrative orders is the judicial power granted to administrative agencies
Indicate whether the statement is true or false