The case of QHIC will have an accurate prediction but not the Tasty Sub Shop Case.
Explanation:
<u>Simple Linear Regression Analysis is done to predict the trend of one variable in accordance with another independent variable</u>. This concept does not account for multiple independent or interdependent factors in predictions.
<u>Thus, the projections are accurate when there is only one factor involved to influence the Prediction.</u>
This is so in the QHIC case as any household that spends more on home upkeep will be an ideal advertising target for the firm.
However, just the number of residents in the locality cannot ensure the profitability of a restaurant. competition from other restaurants, net income and eating habits of the locality must also be considered.
The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.
S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.
Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.
Learn more about sales and expenses at
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Answer:
d. $80 per machine hours
Explanation:
The computation of the overhead rate is shown below:
Overhead rate = Estimated total overhead cost ÷ total machine hours
= $16,000,000 ÷ 200,000 hours
= $80 per machine hours
The overhead rate is come by dividing the estimated total overhead rate by the total machine hours
All the other information that is mentioned is not considered. Hence, ignored it
Answer:
i. $40,000
ii. $410,000
iii. 180 days after July 12, 2015
Explanation:
i. The taxpayer's recognized gain is $40,000 ($450,000 -$410,000). The cost of the new office - the amount received from the insurance company.
ii. The taxpayer's basis for the new office is the cost of purchasing the new office building which is $410,000.
iii. Taxpayers can qualify for deferral treatment if they reinvest proceeds into a QOF (Qualified Opportunity Funds) within 180 days of receiving the gain. Because the new office was purchased on July 12, this is the applicable date.
