Answers
Answer:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
Explanation:
The question is not complete, the complete question is attached
An appraised value is the value used estimate the price of a product. Regression analysis is the use of mathematical models and functions to predict a variable with the help of other variables. It shows the relationship between variables. Regression analysis can also be used to estimate, predict or forecast from a model.
The equation of the least-squares regression line for predicting selling price from appraised value is gotten by adding the constant coefficient and the appraisal coefficient. The equation is given as:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
Related Questions
A company has $317,000 in credit sales. The company uses the allowance method of determining uncollectible accounts expense. The allowance for doubtful accounts now has an $8,150 debit balance. If the company uses the allowance method based on 6% of credit sales, what will be the amount of the journal entry credited to allowance for uncollectible accounts
Answers
Answer: $19020
Explanation:
From the question, we are informed that a company has $317,000 in credit sales and that the company uses the allowance method of determining uncollectible accounts expense.
We are further told that the allowance for doubtful accounts now has an $8,150 debit balance and that the company uses the allowance method based on 6% of credit sales.
Thee amount of the journal entry credited to allowance for uncollectible accounts will be:
=$317000 × 6%
= $317,000 × 0.06
=$19020
You are twenty years old and are considering depositing $1,500 into a savings account that will pay 6% annually. When you cash out your account at age 65, how much of it will be compound interest
Answers
Answer:
$20,646.92
Explanation:
We are to calculate the future value of the amount :
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years = 65 - 20 = 45
$1500(1.06)^45 = $20,646.92
If the interest is compounded more than once per year, which rate is higher, the stated rate or the effective rate?
Answers
Answer:
the effective rate is higher
Explanation:
the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1
for example, he stated rate is 6%:
if it is compounded annually, the effective rate is 6%if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%and so onOn November 15, a builder in a signed writing contracted with a homeowner, for an agreed price, to personally remodel the homeowner's kitchen according to specifications provided by the homeowner, and to start work on December 1. The builder agreed to provide all materials for the job in addition to all of the labor required. On November 26, the homeowner, without legal excuse, repudiated the contract. Notwithstanding the homeowner's repudiation, however, the builder subsequently purchased for $5,000 materials that could only be used in remodeling the homeowner's kitchen and promptly notified the homeowner, "I will hold you to our contract." If allowed to perform, the builder would have made a profit of $3,000 on the job. If the homeowner refuses to retract his repudiation, and the builder sues him for damages, what is the maximum that the builder is entitled to recover
Answers
Answer:
the builder could recover up to $3,000 which was his expected profit form the job.
Explanation:
In contract law, this is referred to as expectation damages. When one party breaches a contract, the non-breaching party is allowed to sue and recover the amount that he/she expected to win or gain with the transaction. In this case, the builder expected to earn a $3,000 profit, therefore, he can sue to recover the $3,000 of lost expected profits.
TRUE OR FALSE 35. Starting to invest early for retirement increases the benefits of compound interest
Answers
Answer:
False
Explanation:
Starting to invest early for retirement reduces the benefits of compound interest
When comparing the perfect competition model to the real-world markets, what can you surmise that is true
Answers
Answer:
Perfect competition is only theoretical, it does not exist in the real world. Not even commodities markets like corn, soybean, oil, etc., work in a perfectly competitive way. First of all, taxes, tariffs and subsidies exist. Also, one of the conditions for perfect competition is that all buyers and sellers must have immediate access to perfect information, and that is virtually impossible.
Perfect competition markets act like benchmarks since real life markets will never be able to reach perfect allocation of resources, but some markets get really close to doing so.
$300 utilities bill and immediately paid it. general journal entry to record this transaction will include a:
Answers
Answer:
E. Debit to Utilities Expense for $300.
Explanation:
The journal entry to record the given transaction is shown below
Utilities expense Dr $300
To cash $300
(Being cash paid is recorded)
For recording this we debited the utilities expense and credited the cash as it increased the expenses and decreased the assets in order to posting it correctly
Therefore it would be debited to utilities expense
What is the main difference between deductive and inductive forms of argument?
Answers
Answer:
Deductive arguments have unassailable conclusions assuming all the premises are true, but inductive arguments simply have some measure of probability that the argument is true—based on the strength of the argument and the evidence to support it
Explanation:
Which domain requires annual security awareness training and employee background checks for sensitive positions to help mitigate risks from employee sabotage
Answers
Answer: The systems/application domain
Explanation:
The systems/application domain is the domain that requires annual security awareness training and employee background checks for sensitive positions in order to help mitigate risks from employee sabotage.
This domain is the segment of reality that is used for the development of software system. Examples include servers, e-mail application, operating systems etc
On December 12, 2021, Pace Electronics received $25,200 from a customer toward a cash sale of $252,000 of diodes to be completed on January 16, 2022. What journal entries should Pace record on December 12 and January 16
Answers
Answer: Please find answers in explanation column
Explanation:
Journal to record collection of cash for deferred sales.
Date Account titles Debit Credit
Dec 12 Cash $25,200
Deferred sales revenue $25,200
Journal to record the sales revenue
Date Account titles Debit Credit
Jan 16 Cash $226,800
Deferred sales revenue $25,200
Sales Revenue $252,000
Cash received = Sales Revenue - Deferred Sales revenue
= $252,000 - $25,200= $226,800
A company wants to host a publicity available server that performs the following functions:
Evaluates MX record lookup
Can perform authenticated requests for A and AAA records
Uses RRSIG
Which of the following should the company use to fulfill the above requirements?
A. LDAPS
B. DNSSEC
C. SFTP
D. nslookup
E. dig
Answers
Answer: b. DNSSEC
Explanation:
From the question, we are informed that company wants to host a publicity available server that performs the following functions such as evaluates MX record lookup, can perform authenticated requests for A and AAA records, uses RRSIG.
To fulfill the above requirements, the company should use Domain Name System Security Extensions (DNSSEC). It should be ited that DNSSEC is simply an suite used for securing some information that have been provided by
the DNS.
"Suppose the government guarantees the price of carbon. At this price, the payoff after 1 year is $120,190 for sure. What is the opportunity cost of capital for this investment?"
Answers
Answer: a. U.S. Treasuries with 1 year to maturity
Explanation:
The Government guaranteed the price of the carbon and the payoff is to be one year later.
The opportunity cost will therefore be a similar Government security to the payoff term of the carbon sale which is 1 year.
The Government security with a similar payoff term is the US Treasury bill with 1 year left till maturity and this will be the opportunity cost because instead of the Government issuing and paying out that security they will instead pay for the carbon.
Under current U.S. copyright legislation, works produced on a for-hire basis and owned by firms enjoy monopoly protection for
Answers
Answer:
95 years starting from the date of their publication
Explanation:
The Copyright Act of 1976 (including its future amendments) is the current law that protects intellectual property in the US. It has been updated several times, the last amendment was done by Congress on March, 2020. It covers literary, dramatic, musical, and artistic works made registered by an individual or by a business. It doesn't cover new ideas, inventions or discoveries (those must be covered by patents if applicable).
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 14,100 units. Beginning work in process $0 2. Started 5,100 units that are 60% Materials 73,920 complete as to conversion Labor 30,180 costs and 100% complete as Manufacturing overhead 21,300 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1) materials and (2) conversion costs.
Answers
Answer:
Equivalent units of production for
1. Materials = 19,200
2. Conversion costs = 17,160
Explanation:
Please find attached solution to the above question.
The equivalent units of material and conversion costs are 19,200 and 17,160 respectively.
The equivalent units of material and conversion costs are 19,200 and 17,160 respectively.
Direct labor and overhead costs that are spent as a result of converting raw materials into finished goods are included in conversion costs. According to the definition of overhead costs, these are outlaid that cannot be directly linked to the production process but are nonetheless necessary for operations, such as the power or other services needed to keep a manufacturing facility open all day. The expenses of direct labor employed in determining prime costs are the same.
The efficiency of manufacturing processes may also be measured using conversion costs, which include overhead expenditures that are not included in prime cost estimates. Conversion costs are another tool operations managers employ to identify potential waste points in the production process.
Learn more about conversion costs here:
https://brainly.com/question/33440348
#SPJ6
Organizational development would be most useful to this organization in terms of________.
a. re-vitalizing organizations.
b. adapting to mergers.
c. reinforcing innovation.
d. encouraging creativity.
e. promotion reactive charge.
Answers
Answer: Option A -- re-vitalizing organizations
Explanation:
Organizational development can be defined as the study of how the changes and processes (both critical and scientific based processes), which help the organization in capacity building are developing, improving and eventually successful. Therefore, Organizational development would be most useful to this organization in term of_re-vitalizing organizations_____.
Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what is the required journal entry to record estimated uncollectible accounts?
Answers
Answer:
See journal entry below
Explanation:
Uncollectible accounts are portion of the accounts receivable of a business from its various customers which have become uncollectible by the owners of business due to reasons such as inability to pay up debt by the customers, delay in paying up debt etc.
The journal entry to record the estimated uncollected accounts is seen below;
Bad debt expense Dr $2,840
To allowance for uncollectible A/cs Cr.
( 2% × 142,000 ). $2,840
Procter & Gamble (P&G) has a paper towel and baby diaper business that both use paper products. This is an example of value created through transferring its core competency.
a) True
b) False
Answers
Answer:
a) True
Explanation:
Procter & Gamble's (P&G) paper towel and baby diaper business that both use paper products reveals them as an example of value created through transferring its core competency.
They have a corporate level diversification strategy. Such strategy is geared in order to create value. This gives them a competitive advantage over their competitors which is achieved through selection and management of a mix of businesses.
Requirement 1. Prepare the statement of cash flows of Dumont Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty: do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities Dumont Educational Supply Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities
Answers
Answer:
Dumont Educational Supply
Cash Flow Statement
For the year ended December 31, 2018
Cash flow from operating activities:
Net income $61,600
Adjustments to net income:
Depreciation expense $16,800Decrease in accounts receivables $5,900Increase in accounts payable $1,300Increase in inventory ($2,900)Decrease of accrued liabilities ($1,500) $19,600Net cash flows provided by operating activities $81,200
Cash flow from investing activities:
Purchase of equipment ($55,100)
Purchase of building ($99,000)
Net cash flows provided by investing activities ($154,100)
Cash flow from financing activities:
Issuance of common stock $106,000
Issuance of long term notes payable $50,000
Payment of cash dividends ($14,200)
Net cash flows provided by financing activities $141,800
Net cash flows $68,900
Cash balance January 1, 2018 $24,500
Cash balance December 31, 2018 $93,400
Determine the amount by which net income would be misstated if Vito's failed to record these adjusting entries. (Ignore income tax expense.) (Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.)
Answers
Answer:
-$3,320
Explanation:
The information is missing, so I looked for a similar question:
"a. On July 1, 2021, purchased $14,000 of IBM Corporation bonds at face value. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 10%. b. Vito's depreciable equipment has a cost of $27,200, a four-year life, and no salvage value. The equipment was purchased in 2019. The straight-line depreciation method is used. c. On November 1, 2021, the bar area was leased to Jack Donaldson for one year. Vito's received $8,400 representing the first six months' rent and credited deferred rent revenue. d. On April 1, 2021, the company paid $3,360 for a two-year fire and liability Insurance policy and debited Insurance expense. e. On October 1, 2021, the company borrowed $28,000 from a local bank and signed a note. Principal and Interest at 10% will be paid on September 30, 2022. At year-end, there is a $2,200 debit balance in the supplies (asset) account. Only $780 of supplies remain on hand."
a)
Dr Interest receivable 700
Cr Interest revenue 700
b)
Dr Depreciation expense 6,800
Cr Accumulated depreciation: equipment 6,800
c)
Dr Deferred rent revenue 2,800
Cr Rent revenue 2,800
d)
Dr Prepaid insurance 2,100
Cr Insurance expense 2,100
e)
Dr Interest expense 700
Cr Interest payable 700
f)
Dr Supplies expense 1,420
Cr Supplies 1,420
The income statement must be adjusted in the following way:
+ Interest revenue $700
+ Rent revenue $2,800
+ Adjustment to insurance expense $2,100
- Depreciation expense -$6,800
- Interest expense -$700
- Supplies expense -$1,420
Net adjustments = -$3,320 (income statement was overstated)
The following information is available for Fuller Manufacturing Company for the month ending October 31:__________.
Cost of direct materials used in production $1,323,600
Direct labor 1,680,000
Work in process inventory, October 1 455,300
Work in process inventory, October 31 378,100
Total factory overhead 3,544,200
Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31.
Answers
Answer:
Fuller Manufacturing's cost of goods manufactured for the month ended October 31 is $6,625,000.
Explanation:
Prepare a Cost of Goods Manufactured Schedule as follows :
Direct Materials $1,323,600
Direct labor $1,680,000
Total factory overhead $3,544,200
Add Opening Work in process inventory $455,300
Less Closing Work in process inventory ($378,100)
Cost of Goods Manufactured $6,625,000
An otherwise valid contract whose enforcement is barred by the applicable statute of limitations is an example of a(n): g
Answers
Answer: D. unenforceable contract.
Explanation:
If a contract is valid yet is prohibited from being enforced by a statute of limitation then the contract is simply unenforceable.
The parties involved in the contract can still perform the duties that were assigned to them by the contract but because it is not enforceable, if either party fails to carry out their side of the contract, the other cannot take them to court because the court will not enforce it.
Cultural ________ rules are norms regarding the management and modification of emotional expressions based on cultural standards.
Answers
Answer:
display
Explanation:
The term being described is known as Cultural display rules. Like mentioned, these are cultural norms that an individual learns early in life which govern the way that individual regulates or expresses their emotional behaviors depending on the current social context. These emotions/behaviors are dictated by the surrounding culture and society in which the individual grows up.
A company sells 800 units at $16 each, has variable costs of $12 per unit, fixed costs of $1,200, and a 40% tax rate. The pre-tax income is $
Answers
Answer:
Pretax income= 2,000
Explanation:
Giving the following information:
A company sells 800 units at $16 each, has variable costs of $12 per unit, fixed costs of $1,200.
We need to determine the pretax income:
Sales= 800*16= 12,800
Variable cost= 800*12= (9,600)
Contribution margin= 3,200
Fixed cost= (1,200)
Pretax income= 2,000
The general fund of ABC city acquired two police cars at the beginning of January 20X3, at a total cost of $40,000. The cars are expected to last for four years and have a $10,000 residual value. Straight-line depreciation is used.
On the statement of revenues, expenditures, and changes in fund balances prepared for the governmental funds for the year ended December 31, 20X3, the police cars will be reported as:_____.
Answers
Answer:
$0
Explanation:
The computation of the reporting of the policy cars is shown below:
As we know that the policy cars are normally recorded and recognized as an expenditure in the funds of the government
Therefore the carrying value should be zero as the expenses amount is also not mentioned in the question so zero amount should be recognized and reported
When should the tip be replaced in the PAC torch?
After 10 hours of use
When the opening is 50% oversized
When the opening is 75% oversized
When the opening is 25% oversized
Answers
The correct answer is 50% this is because at that point the tip’s opening will be too large to cut properly.
The company allocated manufacturing overhead of using a predetermined overhead rate of per machine hour. The total actual manufacturing overhead costs are _________.
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
We weren't provided with enough information to answer, but, I can provide with an example and formulas to guide an answer.
For example:
Estimated overhead for the period= $1,500,000
Estimated machine-hours= 55,000
Actual machine-hours= 62,000
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,500,000/55,000
Predetermined manufacturing overhead rate= $27.27
Now, we can allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 27.27*62,000
Allocated MOH= $1,690,740
Assuming a customer claim will be granted, what type of response will allow the company to build a better relationship with the customer
Answers
Answer: direct
Explanation:
Assuming a customer claim will be granted, a direct response will allow the company to build a better relationship with the customer.
Direct response marketing is a form of sales technique that is utilized in order to give a reponse on-the-spot. This usually allows prospective customer take instant actions based on the offer by the advertiser. This response sees measurable results instantly.
According to your textbook, which group of economists is most likely to argue that markets are well-functioning and therefore markets should be responsible for how society allocates resources?
a) Radical economists
b) Conservative economists
c) Neither radical nor conservative economists
d) Both radical and conservative economists
Answers
Answer:
c) Neither radical nor conservative economists
Explanation:
This is because, non of the views expressed by both group of economists falls within the argument of functionality of a market and how it should determine how society allocates resources.
Which one of the following statements about strategic groups and strategic group mapping is false?
A. The hardest aspect of strategic group mapping is always figuring out which of several possible strategic group maps represents the single one best map for portraying how competing firms are positioned.
B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.
C. Strategic group maps reveal which companies are close competitors and which are distant competitors.
D. Prevailing competitive pressures and industry driving forces often favor some strategic groups and hurt others.
E. Profit prospects can vary from strategic group to strategic group.
Answers
Answer:
B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.
Explanation:
A strategic group is a classification of a companies or businesses in an industry based on their competitive strategy and business model. Variables such as their pricing, and what gives them an edge in competition are considered. Strategic group map analysis(used in identifying strategic groups) pays attention to where a business falls in strategic competition and the competitive dynamics of the industry. strategic group map analysis is not concerned with identifying the best competitive position for a business and why it should be in this position
Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A: Sales revenue $ 810,000 Variable operating expenses 319,000 Fixed expenses: Traceable to A and controllable by A 230,000 Traceable to A and controllable by others 111,000 A's segment profit margin is:
Answers
Answer:
A's segment profit margin is: $151,000
Explanation:
Calculation of A's segment profit margin
Sales revenue $ 810,000
Less Variable operating expenses ($319,000)
Controllable Contribution $491,000
Less Fixed expenses:
Traceable to A and controllable by A ($230,000)
Traceable to A and controllable by others ($111,000)
Profit Margin $151,000