Both r and r2 are symmetric measures of association. In other words, the correlation of X and Y is the same as the correlation of Y and X
Indicate whether the statement is true or false
TRUE
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Olivia, the owner of The Town Gazette, a small city newspaper, started her business two years ago, believing that there was still enough demand for her product. However, because people are busy and because so much news is now available online, she has seen the demand for her paper drop steadily. Olivia made a decision to change the original direction of the company and focus more on an Internet news service. Olivia is relying on _______ by demonstrating that managers need to think and act as if their company is an unfinished prototype, and by seeing her business as outsiders do.
A. a decision tree B. a knowledge dilemma C. the knee-jerk reaction theory D. evidence-based decision making E. intuition
If the adjustment for accrued salaries at the end of the period is inadvertently omitted, both liabilities and owner's equity will be overstated for the period
Indicate whether the statement is true or false
The Dark Chocolate Division of Yummy Snacks, Inc. had the following operating results last year: Sales (150,000 pounds of chocolate)$60,000 Variable expenses 37,500 Contribution margin 22,500 Fixed expenses 12,000 Profit$10,500 Assume that the Dark Chocolate Division is currently operating at its capacity of 150,000 pounds of chocolate. Also assume again that the Peanut Butter Division wants to purchase an additional 20,000 pounds of chocolate from Dark Chocolate. Under these conditions, what amount per pound of chocolate would Dark Chocolate have to charge Peanut Butter in order to maintain its current profit?
A. $0.08 per pound B. $0.40 per pound C. $0.25 per pound D. $0.15 per pound E. $0.30 per pound
For each of the accounts in the following table (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.?Account TypeNormal Balancea. Wages Expense??b. Accounts Receivable??c. Commissions Earned??d. Salaries Payable??e. Common Stock??f. Unearned Advertising Revenue??g. Salaries Expense??h. Magazine Subscription Revenue ??i. Dividends??j. Prepaid Insurance??
What will be an ideal response?