Why are covariances and correlations relevant to simulation development?
What will be an ideal response?
Stocks often move together to varying degrees. Covariances and correlation coefficients allow us to model these behaviors.
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A major objective of MARCS for tax depreciation is to
a. reduce the amount of depreciation deduction on business firms' tax returns b. assure that the amount of depreciation for tax and book purposes will be the same c. help companies achieve a faster write-off of their capital assets d. require companies to use the actual economic lives of assets in calculating tax depreciation
Pandora Manufacturing purchased $95,000 of raw materials on account and $5,000 of raw materials for cash. The materials will be used to produce furniture. Provide the journal entry for the purchase of materials
What will be an ideal response