As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
1 answer:
You might be interested in
Answer: The manager should include 7 independent variables in her multiple regression analysis .
Explanation:
Given : The manager wants to forecast annual sales revenues of snekers of different categories.
The given categories are :-
Sports , color , gender.
Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.
Number of types of sports = 3
⇒ Number of dummy variables for types of sports = 3-1 =2
Number of types of color = 5
⇒ Number of dummy variables for types of color = 5-1 =4
Number of types of gender = 2
⇒ Number of dummy variables for gender = 2-1 =1
Now, the total number of independent variables =
Hence, the manager should include 7 independent variables in her multiple regression analysis .
Answer:
break even EBIT is $717,240.13
Explanation:
given data
stock outstanding = 230000 shares
stock outstanding = 224478 shares
debt outstanding = $210000
interest rate = 8.2 percent
to find out
What is the break even EBIT
solution
we get break even EBIT is here express as
EBIT × 224478 = 230000 × ( EBIT - 17220 )
solve it we get
EBIT = $717,240.13
so break even EBIT is $717,240.13