Which of the following mathematical expressions computes the net worth of a firm?
A. Net worth = Current assets minus current liabilities
B. Net worth = Total assets minus current liabilities
C. Net worth = Total liabilities minus current assets
D. Net worth = Total assets minus total liabilities
E. Net worth = Total liabilities minus current liabilities
Answer: D
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Statistical sampling combines the theory of probability and statistical inference with audit judgment and experience
a. True b. False Indicate whether the statement is true or false
Which of the following is not a major advantage of the use of centralized customer service areas?
a. The salesperson is able to recommend alternative goods and services. b. A common store policy is ensured. c. The department can be placed in a space with little activity. d. Specialized personnel can be used.
The objective function in a goal programming model seeks to minimize the deviation from goals in the order of the goal priorities
Indicate whether this statement is true or false.
Multiple regression was used to forecast success in college (GPA) based upon SAT score, high school GPA, and hours spent on-line
Use the regression output shown and comment on the overall fit of the model, the usefulness of each independent variable, and the value to an admissions department of using the model to make admission decisions. What is the model's forecast for an applicant having a high school GPA of 2.5 and an SAT score of 1000 that spends 20 hours a week on-line? What other variables do you feel would make good indicators of college GPA? What will be an ideal response?