For a cost to be relevant, it must:
A. not be a differential cost.
B. differ between decision alternatives.
C. not influence a decision.
D. have already been incurred.
Answer: B
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If a residual plot looks like a parabola, what should you try adding to the model?
a. Try replacing y by its logarithm. b. Nothing, the residual plot should look like a parabola. c. Try adding x2 to the model. d. Try replacing x with its square root.
The first step in problem solving is
a. determination of the correct analytical solution procedure. b. definition of decision variables. c. the identification of a difference between the actual and desired state of affairs. d. implementation.
Judy, a college graduate, is looking for a job. Previously, she never paid attention to any job advertisements. Now, however, she keeps an eye out for job advertisements in newspapers, outside offices, and on the Internet. This is a result of a common perception filter known as ________.
A. interest B. stereotyping C. expectation D. projection
The following information is for Cleveland Company: End of YearBeginning ofYearAccounts receivable $138,500? $198,000? Prepaid rent 55,000? 26,500? Long term investments 151,500? 179,000? Dividends payable 53,600? 69,200? Salaries payable 175,000? 183,200? Long term notes payable 356,400? 383,800? Additional data for the current year:(1) Sales on account for the period were $228,000. (2) Operating expenses for the period were $127,000. Based on this limited information, what was the net cash inflow from operating activities?
A. $123,800 B. $101,000 C. $36,700 D. $59,500