Answer:
The corect option is C)
In the case study above, the Average daily number of new accounts is the reponse variable while the Interest rate is the explanatory variable.
Explanation:
Response variables are factors which are being observed to see how and whether or not they change. They are usually susceptible to "stimuli" or "stimulus".
Explanatory Variables, on the other hand, are the "stimuli" or "stimulus" in the equation. They are the factors in the equation which may or may not affect the response variable. When plotting graphs the former is situated on the Y-Axis and the latter on the X-Axis.
Cheers!
Answer:
Net cash flow from operating activities $761,500
Explanation:
The preparation of the operating activities section is as follows;
Net income $664,000
Add: depreciation & amortization $95,000
Add: Decrease in accounts receivable $30,000
Less: Increase in inventories 10,000
Less: Increase prepaid expenses 9,300
Add: Increase in salaries payable 10,800
Less: Decrease in income taxes payable 19,000
Net cash flow from operating activities $761,500
Answer:
C. includes retained earnings and paid-in capital
Explanation:
The statement of stockholder's equity comprises common stock i.e paid-in capital and retained earnings.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced.
Moreover, it always is prepared on the specified date.
Answer:
Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>
The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.
Explanation:
Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>
The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
