The statement in the question is True.
<u>Explanation:</u>
In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.
A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.
Answer:
the selling price of the property is $183,333
Explanation:
The computation of the selling price of the property is as follows:
= (Price ÷ commission percentage) ÷ ( commission percentage)
= ($3,575 ÷ 30%) ÷ (6.5%)
= $183,333.
Hence, the selling price of the property is $183,333
We simply applied the above formula so that the correct value could come
Answer:
-$850
Explanation:
The computation of the net income or loss using the cash method is shown below:
= Received cash from customers - accrued salary expense - paid electricity bill
= $1,870 - $2,590 - $130
= -$850
As we can see that the total of expenses is more than the revenue generated so it would be the net loss and the same is to be shown in a negative sign
Hence, the net loss is of -$850
<span>What’s the purpose of a revenue tariff?</span> To raise money for the government. When the government puts a revenue tariff on something they are charging a tax on goods to bring in more revenue when items are imported. Their goal is to raise funds by allowing the goods to be imported and exported not ban them from doing so.
Answer: Accounts Payable
Explanation:
The General Ledger has a record of all the financial transactions that take place in the company. It therefore has an Accounts Payable account that records payables that the company has incurred.
The firm will also have an Accounts Payable Ledger that will also record the payables that the firm has incurred. When the entries have been made in this ledger and also in the General Ledger, the balances should be equal to reflect proper record keeping.
If the balances are not equal then an accounting error has been made that needs to be found and rectified.