What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
1 answer:
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Answer:
The correct option is (b).
Explanation:
The regression equation to predict the bank's charges (Y) measured in dollars per month for services rendered to local companies based upon the company's sales revenue (X) measured in millions of dollars is:
The <em>y</em>-intercept of the line is, -3100.
The slope of the line is, 27.
The <em>y-</em>intercept of a regression line is defined as the average value of the dependent variable when the independent variable value is 0.
The dependent variable, in this case, is the bank's charges and the independent variable is the company's sales revenue.
As the company's sales revenue cannot be $0, the <em>y</em>-intercept cannot be interpreted.
Thus, the correct option is (b).