<span>Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.</span>
The statement in the question is True.
<u>Explanation:</u>
In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.
A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.
Not all of the answer choices are here
Answer:
In the income statement, there is no loss or gain and assets worth $3,000 is recorded in the balance sheet.
Explanation:
Exchange of non- monetary assets which is not expected to change the cash flows of the entity significantly lacks the commercial substance.
The accounting for exchange is grounded on the carrying amount of the assets given up, unless the boot is received so there is no gain recognized.
The asset named computer is recognized at the amount of carrying value of the copy machine amounts to $3,000.
Working Note:
Asset value = Cost of machine - Accumulated Depreciation
= $5,000 - $2,000
= $3,000
Answer:
The correct option is (b)
Explanation:
Jurisdiction refers to to the power granted to a court to hear and act upon a lawsuit. Here, QuickAds is based in Georgia and David, an Alabama resident files suit against the company for advertising outside its territory. In this case, Alabama court cannot have jurisdiction over the case.
QuickAds is a Georgia based company that does not fall under Alabama jurisdiction. Moreover, the company was not engaged in active advertising. It communicated with people in Alabama through passive advertising. So the court cannot hear or act upon the lawsuit.
