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zhuklara [117]
4 years ago
15

A company hires you to develop a linear regression forecasting model. Based on the company's historical sales informationτ, you

determine the intercept value of the model to be 1,200.You also find the slope value is -.50. If after developing the model you are given a value of X = 10, which of the following is the resulting forecast value using this model?A. - 3,800B. 700C. 1,700D. 1,040E. 12,000
Business
1 answer:
guapka [62]4 years ago
6 0

Answer:

B. 700

Explanation:

the general linear equation formula is as follow:

y = mx + h

Where h is the value at which the formula intercept the Y axis

And m is the slope value, therefore:

y = -50x + 1,200

if x = 10

y = -50(10) + 1,200

y = -500 + 1,200

y = 700

This will be the value of the formula when x = 10

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Which of the following best describes an opportunity cost:
MissTica

Answer:

The answer is A.

Explanation:

Opportunity cost is the cost of an action that was not chosen or selected. It is also the cost of alternative forgone. For example, Mr A has two choices - taking employment of $20,000 per annum or being self-employed (setting up a farm that will generate $25,000 per annum). He decides to go for farming. The opportunity cost here is the cost of taking the employment ($20,000).

Opportunity cost is relevant in decision making. Companies use opportunity cost when making strategic or tactical decisions. There must be an alternative to every decision which must be considered before making a decision.

Though opportunity cost is a relevant cost but it is never shown on financial statement. It is never part of financial records.

3 0
3 years ago
Assume the following data for Cable Corporation and Multi-Media Inc. Cable Corporation Multi-Media Inc. Net income $ 30,700 $ 11
BlackZzzverrR [31]

Answer:

<u>Return on equity (ROE) for Firm A</u>   = 11.99%

<u>Return on equity (ROE) for Firm B</u>   = 25.33%

Explanation:

Return on equity (ROE) = net income by shareholders' equity

<u>Return on equity (ROE) for Firm A </u>

30,700/256,000 x 100= 11.99%

<u>Return on equity (ROE) for Firm A </u>

115,000/454,000x 100 = 25.33%

6 0
4 years ago
What is Uber eat's vision
postnew [5]

Answer:

UberEATS is on a mission to make eating well effortless for everyone, everywhere. Our service connects customers to Uber-speed delivery from restaurants in over 80 cities around the world. We give people more options when choosing how to eat. We help restaurants reach more customers and build their businesses.

3 0
3 years ago
Read 2 more answers
When firms compete by offering unique product features rather than competing on price, ______ occurs.
guapka [62]

When firms compete by offering unique product features rather than competing on price, <u>non-price competition</u> occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.

What is non-price competition?

In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.

Types of Non-Price Competition:

Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution

Learn more about non-price competition here:

brainly.com/question/12297704

#SPJ4

6 0
2 years ago
The expense recognition principle indicates: Multiple Choice the ordering of current assets and current liabilities on the balan
Nesterboy [21]

Answer:

when costs are recognized as expenses on the income statement.

Explanation:

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

The expense recognition principle indicates when costs are recognized as expenses on the income statement.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.

6 0
3 years ago
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