Answer:
1. The slope is negative.
2. 0.81
Explanation:
The slope of the regression line is definitely negative
A linear equation has its regression line as
T = a + bc
The slope of the regression line is known as b.
From the question, b = -0.9
Therefore the slope of the regression line is negative.
B. Coefficient of determination = r²
r =(-0.90)
r² = 0.81
Answer:
1. $25,500
2. $50,000
Explanation:
Company will earn zero economic profit if the price is $25,500
Insurance price = (50% x $50,000) + (50% x $ 1,000)
Insurance price = $25,000 + $500
Insurance price = $25,500
If the careful doctors are not willing to pay more than $5,000 for insurance then I am afraid reckless doctors will take the insurance with price of $50,000
Answer:
$2,134
Explanation:
Calculation of the amount of the Net sales revenue
First step
Since we were been told that Weston sold the merchandise with a cost of $1,257 for $2,200 with the terms of 3/15 this means we are going to find the 3% of $2,200 calculated as:
3%*$2,200=$66
Second step is to deduct the $66 from the cost of $2,200,in order to find the Net Sales Revenue of Weston Jewelers
Net Sales Revenue =$2,200-$66
Net Sales Revenue=$2,134
Therefore the Net Sales Revenue of Weston Jewelers will be $2,134
Answer:
Conversion cost= $58,300
Explanation:
Giving the following information:
Direct labor $ 29,000
Manufacturing overhead $ 29,300
<u>The conversion costs are the sum of the direct labor and manufacturing overhead:</u>
Conversion cost= direct labor + Manufacturing overhead
Conversion cost= 29,000 + 29,300
Conversion cost= $58,300
Answer:
$14,160,000
Explanation:
Given that,
Pretax accounting income = $52 million
Taxable income = $59 million
Enacted tax rate = 24% for 2021
Tax rate thereafter = 34%
Current portion of income tax expense is determined by the product of enacted tax rate and Taxable income for the period.
Therefore,
Current portion of income tax expense for 2021:
= Enacted tax rate × Taxable income
= 24% × $59,000,000
= $14,160,000