Interpret the intercept of the sample regression line
What will be an ideal response?
When the percentage rate of return of the S&P 500 index is zero, we estimate that the corporation's rate of return will be 0.964%.
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Aleve Company purchased inventory on credit. The effect of this transaction is that the
a. earnings per share decreased b. working capital increased c. debt-to-equity ratio increased d. earnings per share increased
When a lot has been accepted by acceptance sampling, we know that:
A) it has more defects than existed before the sampling. B) it has had all its defects removed by 100% inspection. C) it will have the same defect percentage as the LTPD. D) it has no defects present. E) All of the above are false.
On January 1, Year 1, Stewart Corporation purchased equipment with a list price of $120,000. A discount of 2% was granted on the equipment; the shipping terms were FOB shipping point, and the transportation cost was $3,000. Installation and testing costs amounted to $4,000. The equipment had an estimated useful life of 4 years and salvage value of $10,000. At the beginning of Year 3, Stewart revised the expected life of the asset to six years and the salvage value to $12,000.Required: Compute the depreciation expense using straight-line method for each of the six years and in total.
What will be an ideal response?
Grid Tool Company makes and sells tools and other hardware supplies. To cover injuries to consumers if the products prove de¬fective, Grid Tool should obtain
a. disability insurance. b. health insurance. c. liability insurance. d. life insurance.