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Anni [7]
3 years ago
13

Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The o

utput of regression analysis showed the following information:
Intercept Coefficient = 89,500

X Variable 1 Coefficient = 62.50

R- square = 0.9855

What is the company's monthly cost equation?

A. y = $62.50x + $89,500

B. y = $89,500x + $62.98

C. y = $89,500x + $98.55

D. y = $98.55x + $89,500
Business
1 answer:
defon3 years ago
5 0

Answer:

A. y = $62.50x + $89,500

Explanation:

A cost equation is an mathematical formula which company uses to estimate the cost and expenses which is associated with the production or sales processes.

y represents the total cost which can be calculated by adding total variable cost and Fixed cost. X represent the quantity and variable coefficient is the variable cost. to calculate the total variable cost the quantity is multiplied with the variable cost unit as follow

variable cost = $62.50x

As Intercept Coefficient shows the fixed cost

Fixed cost = $89,500

So the cost equation will be

Total Cost = Variablecost + Fixed cost

y = $6.50x + $89,500

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You are thinking about a project that is anticipated to bring in $138,066.75 annually.

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<h3>A stream of cash flows is what?</h3>

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5 0
1 year ago
If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:
attashe74 [19]

Answer:

$1.25

Explanation:

According to the quantity theory of money

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5 0
3 years ago
How do spelling errors and neatness on a job application affect a person’s chance of obtaining a job? Explain in a complete sent
leva [86]
I mean it’s always good to look smart and intelligent. Take me for example, I’m a 17 year old who applies for numerous job applications. They would definitely be more interested in me if my grammar was perfect. If the boss can tell u didn’t put much effort into ur application then he’s not going to really care about you. He might think to himself “why should I hire you? He barely put any work into his application”

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5 0
3 years ago
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otez555 [7]

Answer:

B.

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4 years ago
Which manager shows a democratic style of functioning?
Vikentia [17]
A democratic leader shares the decision-making and most of the problem solving
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