The case of QHIC will have an accurate prediction but not the Tasty Sub Shop Case.
Explanation:
<u>Simple Linear Regression Analysis is done to predict the trend of one variable in accordance with another independent variable</u>. This concept does not account for multiple independent or interdependent factors in predictions.
<u>Thus, the projections are accurate when there is only one factor involved to influence the Prediction.</u>
This is so in the QHIC case as any household that spends more on home upkeep will be an ideal advertising target for the firm.
However, just the number of residents in the locality cannot ensure the profitability of a restaurant. competition from other restaurants, net income and eating habits of the locality must also be considered.
Answer:
The answer is Option B.
$48000
Explanation:
Guaranteed payment $30,000.00
Balance distribution [($210000-$90000)*40%] $48,000.00
Stephanie's adjusted gross income $78,000.00
Less : Guaranteed Payment every year $30,000.00
Increase in Stephanie's adjusted gross income $48,000.00
Answer:
Incomplete question. Helpful details provided below.
Explanation:
A seven firm cartel implies a group of seven individual firms or companies that produce similar products who mutually agreed to supply certain amount of these products at a fixed price inorder to equally and fairly make profit.
In this case, the law of demand and supply applied resulting in a drop in price of Whatailsya because of excess supply.
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
