Answer: option b
Explanation: In simple words, collinearity refers to the condition under which some of the Independent variables in the model are related to each other. This international between independents variables can result into incorrect results while fitting the model.
Therefore, collinearity causes problem as the analyst prepares a model on the basis that there will be two inputs one is dependent another is independent but due to this phenomenon the expected input structure collides.
Hence from the above we can conclude that the economist should be concerned with col linearity.
Answer:
A normal good is a good whose demand increases when income increases
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Inferior goods are goods whose demand falls when income rises and increases when income falls.
For example, if when your income was $100,000 per annum, you had one car but when it increased to $500,000, you bought two more cars. Car is a normal good
Answer:
Primary Offense Upgrade
In the past, texting while driving in Florida was only a secondary offense. This meant that you could be issued a citation for texting while driving only if an officer had another reason to pull you over. In 2019, texting while driving was upgraded to a primary offense.
Answer:
3. cost plus incentive fee.
Explanation:
Cost plus incentive fee is a type of contract where final amount for the completion of project is unknown till the project is completed. This project has cost plus an additional benefit amount. Here seller can earn an additional amount if he meets a defined criteria mentioned in the contract.
Fixed price contract cost is defined at the start of project and it does not allow any adjustments in the cost later when the project is completed.
Cost plus fixed fee is a contract in which a contractor is paid complete cost related to the performance of duties in the contract plus an additional fixed fee as their additional bonus. Usually this is agreed at the inception of the contract.
4.4 are going to be the period for accounts receivable turnover .
<h3>Evaluating :</h3>
Account receivable turnover = income ÷ average account receivable
$726,000 ÷ $165,000
= 4.4
<h3>How do I determine the turnover of accounts receivable?</h3>
Net sales are divided by the average amount of accounts receivable to arrive at the AR Turnover Ratio.
Sales on credit are wont to determine net sales.
- sales allowances - sales returns
<h3>What does a turnover ratio for assets mean?</h3>
The efficiency with which a business is in a position to collect on its receivables or the credit it gives to clients is measured by the receivables turnover ratio.
The ratio also counts the amount of times a company's receivables are turned into cash during a specific time period.
<h3>What is measured by the turnover of accounts receivable?</h3>
Receivables Accounts Indicator of how frequently receivables are received and paid throughout the period; calculated by dividing income by average accounts receivable. Turnover measure of both the standard and liquidity of receivables.
Learn more about Account receivable :
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