If the coefficient of determination is 1.0 in a regression problem, the:
A) residual sum of squares must be 0.0.
B) error sum of squares must be 1.0.
C) regression sum of squares must be 1.0.
D) total sum of squares must be 0.0.
A
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If a company makes a prior period adjustment, which of the following describes how it must be reported?
A) The adjustment is recorded in retained earnings, and previous years' financial statements presented for comparative purposes are not changed. B) The adjustment is recorded in retained earnings, and previous years' financial statements presented for comparative purposes are adjusted. C) The adjustment is reported in the current period's income statement as a separate item. D) The adjustment is recorded as a deferred asset or deferred liability and amortized using the straight-line method.
On January 1 . 2014, Yearly Corporation issued $500,000 of 1 . percent, 10-year bonds at 88.5 . Interest is payable on December 31 . If the market rate of interest was 1 . percent at the time the bonds were issued, how much cash was paid for interest in 2014?
a. $44,250 b. $50,000 c. $53,100 d. $60,000
One’s skills, beliefs, and attitudes are likely to be ______ as time (5–10 years) has passed.
a. different b. the same c. stagnant d. identical
Global business drivers can be divided into two groups: general cultural factors and specific business factors
Indicate whether the statement is true or false