What is the name of the variable that is used to predict another variable?
A. Standard error of the estimate
B. Coefficient of determination
C. Explanatory
D. Response
Answer: C
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A machine was purchased for $40,000 . It has a current carrying value of $26,000 and had a depreciable cost of $36,000 . Its estimated residual value must have been
a. $4,000. b. $10,000. c. $14,000. d. impossible to determine from the facts given.
Willow Corporation has retained earnings of $320,000. It has 5,000 shares of 6 percent, $100 par value preferred stock outstanding that is callable at 102. The preferred stock is cumulative, and one year of dividends is in arrears. It also has 10,000 shares of $50 par value common stock outstanding. Assume all stock is issued at par. The book value of each share of preferred stock is
A) $168.00. B) $108.00 C) $163.20. D) $176.00.
Which of the following statements most accurately reflects the approach the FASB and IASB have identified for reaching convergence of U.S. and international accounting standards?
a. Convergence will be achieved primarily by modifying FASB standards to conform with IASB standards. b. Convergence will be achieved primarily by modifying IASB standards to conform with FASB standards. c. FASB and IASB will create new standards rather than trying to eliminate differences between standards that are in need of significant improvement. d. FASB and IASB will try to eliminate differences between standards by eliminating differences between existing standards of the two standard-setting bodies that can be easily resolved and will then work jointly on more complex issues.
Heinz revolutionized the industry when it introduced its inverted bottle because consumers had complained for years about how hard it was to get out that last bit of ketchup. The company spent three years designing the convenient container, which is equipped with a vacuum cap that stops dry ketchup from forming around the lid. Which of the following packaging objectives does this exemplify?
A. protection B. harmony C. aesthetic D. communication E. promote usage