A partnership is generally required to use the tax year of one or more partners who own more than a 50% interest in partnership profits and capital.
-The data show the quantity of small bungalows sold in a suburb of Toronto during the month of January.Based on the given data,which of the following is most likely to be UNTRUE of the period?
A) There has been an increase in population.
B) There has been a fall in income.
C) There has been an increase in housing prices.
D) There has been an increase in consumers’ preferences toward home ownership.
E) There has been an increase in the number of builders.
The editors of a national automotive magazine recently studied 30 different automobiles sold in the United States with the intent of seeing whether they could develop a multiple regression model to explain the variation in highway miles per gallon.A number of different independent variables were collected.The following regression output (with some values missing)was recently presented to the editors by the magazine’s analysts: Based on this output and your understanding of multiple regression analysis,what percentage of variation in the dependent variable is explained by the regression model?
A)Approximately 82 percent
B)Over 90 percent
C)About 37 percent
D)None of the above.
Suppose that a recent,widely-circulated medical article reports new benefits of exercise.Simultaneously,the price of the parts needed to make exercise bicycles falls.What is the likely effect on the supply of and demand for exercise bicycles sold?
A) Supply shifts to the right and demand shifts to the right.
B) Supply shifts to the right and quantity demanded falls.
C) Quantity supplied falls and demand shifts to the left.
D) Quantity supplied rises and demand shifts to the left.
E) Both supply and demand are unaffected.
If both buyers and sellers expect the price of a commodity to rise in the future,it is likely that equilibrium price will ________ and equilibrium quantity will ________.
A) fall;change very little
B) rise;change very little
C) change very little;fall
D) change very little;rise
E) be the same;be the same