How much money should you get selling gold for cash?

When should a variable be included in the regression?

spayn [35]

Answer:

The variable should be included or excluded based on its significance.

True

Explanation:

Multicollinearity affect independent variables which are correlated. These effect the regression model equation and would increase the deviation error. The standard error is incorporated in the calculation by the variance. When multicollinearity is not included in the population then the variance error will be minimum.

5 0

3 years ago

Is the cost of an off-airport warehouse considered to be a unit-level, batch-level, product-level, or facility-level cost as it

Anna007 [38]

Answer:

a. Facility Level

b. Facility Level

Explanation:

Facility level costs are costs incurred to maintain the company in its entirety. It is not directly ascribable to any specific products or product lines.

In the case of the Airport store, the off-airport warehouse will be used to store all their storable products so this relates to an activity that benefits the entire store.

For the individual bottle of water, this is also a facility level cost as the off-airport warehouse will be used to store a number of bottles and as such is for the benefit of the entire company producing the bottles.

6 0

4 years ago

Brandon, an analyst at Agency A, rents a car at $40 per day. Due to a rental company discount, if a car is rented for 4 or more

4vir4ik [10]

Answer:

62.5%

Explanation:

In this example, Brandon rented the car for 6 consecutive days. This means that he was able to take advantage of the promotion. Therefore, he only paid for five days (got one day free) at a rate of $30 per day (as opposed to $40). Therefore, he paid:

$30 * 5 = 150

On the other hand, Whitney rented a car for three days. She did not qualify for the discount, which means that she paid for all her days, at a rate of $40 per day. Therefore, she paid:

$40 * 3 = 120

To obtain the average daily rate of each person, we would need to divide this final rate by the number of days each person used a car. That would look like this:

Brandon: $150 / 6 = $25

Whitney: $120 / 3 = $40

Therefore, when comparing these two numbers, we see that the average daily rate paid by Brandon is 62.5% percentage of the average daily rate paid by Whitney.

6 0

3 years ago

Top managers of are alarmed by their operating losses. They are considering dropping the laminate flooring product line. Company

vivado [14]

Answer:

a)

Blue-ray discs Blue-ray discs Differential

and DVD discs only amount

Sales Revenue $432,000 $305,000 $127,000

Variable Costs ($246,000) ($150,000) ($96,000)

Contribution M. $186,000 $155,000 $31,000

Fixed Costs:

Manufacturing ($128,000) ($128,000) $0
S&A expenses ($67,000) ($67,000) $0

Operating Income ($9000) ($40,000) $31,000

b) Will dropping DVDs add $41,000 to the operating income?

No, dropping the DVDs product line will decrease operating income by $31,000, resulting in a total loss of $40,000. Even though the DVDs product line by itself is not profitable, it absorbs a large percentage of the fixed costs and if you get rid of it, all the fixed costs will be absorbed by the Blue-rays product line.

6 0

3 years ago

From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve

kakasveta [241]

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be $x$