Using 1 to represent January, 2 to represent February, and so on, what is the intercept for the regression equation that predicts the pounds of supplies available?
A) 0.55
B) -2.74
C) 59.55
D) 8.87
Answer: C
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Which of the following statements is true about convertible bonds?
A) The most significant disadvantage to a corporation of issuing convertible bonds is that they increase the cash that the firm must use to make interest payments. B) The typical conversion ratio is set so that the firm's stock price must appreciate 5% or less before it is profitable for the holder to convert the bond to stock. C) Firms that issue convertible bonds can do so at a lower interest rate. D) The typical issue of convertible bonds allows the holder of the bond to convert it to preferred stock.
During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $415 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions
A) expenses are understated by $275. B) These omissions would not affect the financial statements; the financial statements will be correct. C) revenue is overstated by $690. D) net income is overstated by $140. E) liabilities are overstated by $690.