Question 5: 13.79 p. 469 (16 points) an accountant for a large department store has the business objective of developing a model to predict the amount of time it takes to process invoices. data are collected from the past 32 working days, and the number of invoices processed and completion time (in hours) are available in the worksheet invoice. (hint: first determine which are the independent and dependent variables.) assuming a linear relationship, use the least-squares method to compute the regression coefficients b0 and b1. interpret the meaning of the y intercept, b0, and the slope, b1. use the prediction line developed to predict the mean amount of time it would take to process 150 invoices. determine the coefficient of determination, r2, and interpret its meaning. plot the residuals against the number of invoices processed and also against time. based on these plots, does the model seem appropriate? what conclusions can you reach about the relationship between the number of invoices and the completion time?

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect