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Gnesinka [82]
2 years ago
7

Consider the following data for two variables, x and y.

Business
1 answer:
Firdavs [7]2 years ago
5 0

There appear to be an influential observations in these data as the mean of the leverage value is 0.75.

<h3>How to calculate the mean?</h3>

From the data points given, the influential observation is observation 8. Here, the mean of the leverage value will be:

= 3 × 0.25 = 0.75

Also, the scatter diagram indicates influential observations as it's extreme to the x values.

Learn more about mean on:

brainly.com/question/447169

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In divisional income statements prepared for Lemons Company, the Payroll Department costs are allocated to user divisions on the
AlladinOne [14]

Answer:

Lemons Company

a. Total amount of payroll checks = 920

amount of purchase requisitions = 12,500

b-a                  Residential      Commercial     Government  Total

Payroll         $32,832               $19,152          $10,944        $62,928

b-b  Purchasing

 Costs        $17,688                 $4,717              $7,075      $29,480

c. Residential's service department charge is __higher__ than the other two divisions because Residential is a user of service department services. Residential has many employees on a weekly payroll, which translates into a __higher__ number of payroll transactions.

Explanation:

a) Data and Calculations:

Cost of the Payroll Department = $62,928

Cost of the Purchasing Department = $29,480

                               Residential      Commercial     Government  Total

                                                                                     Contract

Sales                      $2,000,000     $3,250,000      $2,900,000 $8,150,000

Weekly payroll

(52 weeks per year)      400                     250                     150            800

Monthly payroll                 80                       30                        10             120

Total                               480                      280                     160            920

Number of purchase

 requisitions per year 7,500                 3,000                 2,000        12,500

a. Total amount of payroll checks = 920 (800 + 120)

Total amount of purchase requisitions = 12,500

b-a                  Residential      Commercial     Government  Total

Payroll         $32,832               $19,152          $10,944        $62,928

         (480/920 * $62,928) (280/920 * $62,928)  (160/920 * $62,928)

b-b  Purchasing

 Costs        $17,688                 $4,717              $7,075      $29,480

      (7,500/12,500 * $29,480) (2,000/12,500 * $29,480) (3,000/12,500 * $29,480)

Total         $50,520              $23,869         $18,019       $92,408

Percentage 54.7%                  25.8%              19.5%         100%

4 0
3 years ago
The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $84,457. The bank statement indicated a balance o
Oxana [17]

Answer:

Pala Medical Co.

a. Bank Reconciliation Statement as at June 30, 20Y1

Balance as per adjusted cash balance $111,670

add outstanding checks                           33,310

less uncredited deposits                           17,610

       overdrawn check                                   180

Balance as per bank statement          $127,190

b. Journal Entries:

c. Debit Cash $28,248

Credit Notes Receivable $26,400

Credit Interest Revenue $1,848

To record the receipt on notes receivable, including interest revenue.

d. Debit Accounts Payable $990

Credit Cash $990

To record the check in payment on account ($1,100 - $110)

f. Debit Bank service charges $45

Credit Cash $45

To record bank charges.

c. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, the amount that should be reported as cash is:

= $111,670.

Explanation:

a) Data and Calculations:

Cash account balance at June 30, 20Y1 = $84,457

Bank statement balance on June 30, 20Y1 = $127,190

Analysis of discrepancies:

a. Outstanding checks $33,310

b. Uncredited deposits $17,610

c. Cash $28,248 Note Receivable $26,400  Interest Revenue $1,848

d. Returned check $1,100 Accounts Payable $1,100  $110

e. Overdrawn check $180 $680 had been erroneously charged by the bank as $860.

f. Bank service charges for June amounted to $45

Cash Account Adjustments:

Balance at June 30, 20Y1 = $84,457

Direct credit                           28,248

Dishonored check                     (990)

Bank charges                               (45)

Adjusted cash balance       $111,670

8 0
2 years ago
If an investor does not diversify his portfolio and instead puts all of his money in one stock, the appropriate measure of secur
Lady_Fox [76]

If an investor does not diversify his portfolio and instead puts all of his money in one stock, the appropriate measure of security risk for that investor is the "stock's standard deviation."

<h3>What is standard deviation?</h3>

The standard deviation would be a statistic that calculates as square root of a variance and indicates the dispersion of the a dataset compared to its mean.

Its standard deviation is determined as the square root of the variance by determining the deviation of each data point from the mean.

Some key features regarding the  standard deviation, are-

  • The standard deviation of a dataset reflects its dispersion compared to its mean.
  • A square root of a variance is used to compute it.
  • In finance, standard deviation is frequently employed as a measurement of an asset's relative riskiness.
  • The volatile stock has a large standard deviation, whereas a description stock has a low deviation.
  • The standard deviation, on the other hand, assesses all ambiguity as risk, especially when it is in the investor's advantage, such as above-average profits.

To know more about  standard deviation, here

brainly.com/question/475676

#SPJ4

7 0
1 year ago
Using the percentage minus−ofminus−sales method, the estimated total uncollectible accounts are​ $6,622. The Allowance for Uncol
Arturiano [62]

Answer:

C. $3,687.

Explanation:

amount of the adjusting entry for Uncollectibleminus−Accounts Expense​

= $6,622 - $2,935

= $3,687

Therefore, The amount of the adjusting entry for Uncollectibleminus−Accounts Expense​ is $3,687.

4 0
3 years ago
Kevin wants to buy a house that costs $350,000. Kevin will need to go to a bank and obtain a mortgage in order to purchase the h
Anestetic [448]

_________________________________

<h3>a) = 25% × $350,000 ÷ 100</h3><h3> = <u>$87,500</u></h3><h3 /><h3 /><h3>b) = $350,000 - $87,500</h3><h3> = <u>$262,500</u></h3>

_________________________________

3 0
3 years ago
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