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stealth61 [152]
3 years ago
9

The regression analysis at the bottom relates average annual per capita beef consumption (in pounds) and the independent variabl

es "annual per capita pork consumption" (in pounds) and "average annual beef price" (in dollars per pound). the coefficient for beef price, -12, tells us that:
Business
1 answer:
julsineya [31]3 years ago
3 0

The regression coefficient for beef price tells us that beef consumption will decrease by 12 pounds for a $1 increase in beef price.

A regression coefficient tells us the quantum and direction of change in the dependant variable for a unit change in the independent variable.

The question above deals with multiple regression. The formula for multiple regression is as follows:

Y = a + b₁X₁ + b₂X₂

In the above equation, b₁ and b₂ are regression coefficients.

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Jackson is a 30 percent partner in the JJM Partnership when he sells his entire interest to Rhonda for $112,000 cash. At the tim
mart [117]

Answer: C. $48,000 capital gain

Explanation:

To calculate the Gain or loss on the sale of Jackson's interest we will subtract his adjusted basis from the sale of his entire interest in the following manner,

Gain(loss) on sale of interest = Amount realised - Adjusted basis in partnership

= 112,000 - 64,000

= 48,000

$48,000 will be his Gain on the sale of his interest. It will also be considered CAPITAL as he does not have Hot assets like inventory just equity.

3 0
3 years ago
Houston Pumps recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciati
Xelga [282]

Answer:

b. $4,213

Explanation:

Net Operating Profit = Sales - Operating costs - Depreciation Expenses

Net Operating Profit = $172,500 - $140,500 - $9,250

Net Operating Profit = $22,750

Free Cash Flow (FCF) = Net Operating Profit After Tax(NOPAT) – Capital Expenditures – Changes in Net Working Capital

Free Cash Flow (FCF) = Net operating income*(1 - Tax Rate) + Depreciation Expenses - Capital Expenditures - Changes in Net Working Capital

Free Cash Flow (FCF) = $22,750 *(1 - 0.25) + $9,250 - $15,250 - $6,850

Free Cash Flow (FCF) =  $22,750 *0.75) + $9,250 - $15,250 - $6,850

Free Cash Flow (FCF) = $17,063 + $9,250 - $15,250 - $6,850

Free Cash Flow (FCF) = $4,213.

6 0
2 years ago
The arrival of personal computer technology gave rise to client server networks that replaced traditional mainframe and minicomp
pishuonlain [190]

Answer:

The correct answer is letter "B": technological paradigm shift.

Explanation:

A paradigm shift takes place when the is a change in the methods and practices that were traditionally used and were conceived as main references due to the introduction of new ideas. Technological paradigm shifts are those caused by the creation of new technology that abruptly alters the market.  For instance, the introduction of e-mails replaced faxes and courier services for mailing.

6 0
3 years ago
Which of the following is not true about the law of diminishing returns? It is a short run phenomenon. It refers to diminishing
Natasha2012 [34]

Answer:

All of the above are true.

Explanation:

The law of diminishing returns was first formulated by the classic economist David Ricardo. It presupposes a technical relationship between input and output, which is not scientifically demonstrable but only empirically. In practice, in a generic production system, at any contribution of any factor, that is, land, labor, capital, machines, etc. there is no proportionally increasing production increase.  

Normally it is assumed that the law does not always come into operation but only when the variable input exceeds a certain threshold. For example, the increase of workers on an assembly line certainly allows a proportional increase in production, but only until the entire system begins to suffer from malfunctions due to logistics or work organization, precisely because of the its getting bigger. Large industrial plants have shown that they must be divided into sections, however coordinated, precisely because of the decreasing returns. This is because the increase in the number of workers and the mass of the plants does not correspond to a consequent increase in production.

3 0
3 years ago
Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable
Xelga [282]

Answer:

C) variable costs of $72,000 and $25,000 of fixed costs

Explanation:

To determine the flexible budget we must first calculate the variable costs of producing 8,000 units:

direct labor per unit = $40,000 / 5,000 units = $8 per unit

electric power per unit = $5,000 / 5,000 units = $1 per unit

total variable cost per unit = $8 + $1 = $9

Total variable costs for 8,000 units = 8,000 units x $9 per unit = $72,000

Total fixed costs = $25,000

4 0
3 years ago
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