Eight years of quarterly data of a seasonally adjusted series are used to estimate an exponential trend model as ln(Tt)ˆ = 2.50 + 0.05t with a standard error of the estimate, se = 0.09. In addition, quarterly seasonal indices are calculated as Sˆ 1 = 0.91, Sˆ 2 = 1.02, Sˆ 3 = 0.93, and Sˆ 4 = 1.04. a-1. Interpret the third quarterly index. In other words, what is the value of the series in the third quarter as compared to the average?

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?