Correct Answer: D

Explanation: Regression analysis is a sampling technique which measures the relationship of a dependent variable to one or more independent variables. If one independent variable is used, the method is referred to as simple regression. If more than one independent variable is used, the method is referred to as multiple regression.

Today's question: AUD

When the shipping department returns nonconforming goods to a vendor, the purchasing department should send to the accounting department the:

A)   Unpaid voucher

B)   Debit memo

C)   Vendor invoice

D)   Credit memo

Correct Answer: B

Explanation: The accounting department is responsible for recording amounts due to vendors. If goods are returned to a vendor, a debit memo should be prepared indicating that the buyer is debiting the vendor's payable account. The purchasing department may prepare the debit memo, but the accounting department needs the debit memo to record the reduction in the account payable account.

Today's question: REG

In 2009, Benedict Atley, who is single, was out of work in the early months of this taxable year and received $2,800 of unemployment benefits from his state of residence. His adjusted gross income was $22,500 excluding the $2,800 of unemployment benefits. Assuming that Atley had no other items of income or adjustments to gross income, what amount must Atley report as adjusted gross income on his income tax return?

A)   $22,500

B)   $23,750

C)   $25,150

D)   $22,900