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MArishka [77]
3 years ago
14

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measur

ed in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.
Variable Coefficients Standard Error t-Stat

Intercept 128.93746 2.6205302 49.203

Size 1.2072436 11.439

FP 6.47601954 1.9803612 3.27

a. The estimated coefficient for size is approximately _____.


b. How many predictors (independent variables) were used in the regression?
Business
1 answer:
astraxan [27]3 years ago
8 0

Answer:

a. The estimated coefficient for size is approximately <u>13.81</u>.

b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Explanation:

a. The estimated coefficient for size is approximately _____.

Estimated coefficient for size = Standard Error of size * t-Stat of size =  1.2072436 * 11.439 = 13.81

Therefore, the estimated coefficient for size is approximately <u>13.81</u>.

b. How many predictors (independent variables) were used in the regression?

Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.

In the regression, two predictors are used. These two predictors are size and fireplace (FP).

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A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without qua
Gnom [1K]

Answer:

Option A and B        

Explanation:

No other nation can get into the market of this business as the resource is found only in Tanzania. This depicts that Tanzanian government have the ultimate power in this market as they are the sole owners of the resource, thus its has exclusive rights barriers externally.

However, internally Tanzania has legal barriers as no private firm or oterh such entity can get into the extraction of the gems without the permission from the government.

3 0
3 years ago
The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
kozerog [31]

Answer:

Almway Corporation

Classified balance sheet as at December 31, 2021.

ASSETS

<u>Non - Current Assets</u>

Land                                                                                            $65,000

Land Held for Sale                                                                     $25,000

Buildings                                                                $420,000

Accumulated depreciation—buildings                ($100,000) $320,000

Equipment                                                               $110,000

Accumulated depreciation—equipment                $60,000    $50,000

Patent (net)                                                                                  $10,000

Investment in equity securities                                                  $30,000

Total Non- Current Assets                                                       $500,000

<u>Current Assets</u>

Inventory                                                                                   $200,000

Accounts receivable                                                                   $60,000

Prepaid insurance (for the next 9 months)                                  $9,000

Short term Investment in equity securities                               $80,000

Cash                                                                                             $45,000

Total Current Assets                                                                 $394,000

TOTAL ASSETS                                                                        $894,000

EQUITY AND LIABILITIES

LIABILITIES

Non - Current Liabilities  

Notes payable                                                                          $100,000

Bonds Payable                                                                         $240,000

Total Non - Current Liabilities                                                 $340,000

Current Liabilities

Accounts payable                                                                      $75,000

Notes payable                                                                            $30,000

Interest payable                                                                         $20,000

Total Current Liabilities                                                            $125,000

TOTAL LIABILITIES                                                                  $465,000

EQUITY

Common stock                                                                        $300,000

Retained earnings                                                                    $129,000

TOTAL EQUITY                                                                        $429,000

TOTAL EQUITY AND LIABILITIES                                         $894,000

Explanation:

A Balance Sheet contains Balances in Assets, Liabilities and Equity. A Classified Balance Sheet then Shows different categories and amounts for these Account Balances as shown above.

4 0
2 years ago
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A
Mama L [17]

Answer:

Divisions                                              A                  B                         C

1) ROI                                                     23%              7.50%               10.40%

2) Residual income(loss)                    $428400    -$141200               $0        

3)a ROI                                                 reject            accept               reject  

3b) Residual income                         Accept            Reject             Accept      

Explanation:

Divisions                                              A                  B                         C

Sales                                           $15,300,000   $35,300,000     $20,240,000

Net operating income                 $703,800        $529,500          $526,240

operating Assets                         $3,060,000     $7,060,000      $5,060,000

required rate of return                 9.00%                9.50%                  10.40

ROI = Net operating income / average operating assets

Residual income(loss) = controllable margin- required return* average operating expenses

 let controllable margin = net operating income

sales are primary incomes more like gross without any expenses deducted.

3a ) If performance is measured by ROI then the new rate of the investment must be higher than the ROI for a project to be accepted

3b) Residual income: for a project to be accepted it must have a positive effect on it and or should generate a positive residual income.

6 0
3 years ago
Kelly Realty loaned money and received the following notes during 2018:Note Date Principal Amount Interest Rate Term(1) Oct. 1 $
hammer [34]

Answer:

Kelly Realty

1. Determination of Maturity Date and Value for each note:

Note        Principal      Interest Rate      Maturity Date          Maturity Value

1.              $28,000      6%                     Sept. 30 2019           $29,680

2.            $22,000      10%                     March 31, 2019        $23,650

3.            $14,000        14%                     Dec. 18, 2018          $14,490

b) Journal Entries to record receivables:

October 1:

Debit 6% Notes Receivable $28,000

Credit Cash Account $28,000

June 30:

Debit 10% Notes Receivable $22,000

Credit Cash Account $22,000

Sept 19:

Debit 14% Notes Receivable $14,000

Credit Cash Account $14,000

c) Journal Entries to record collection of principal and interest at maturity:

Sept. 30, 2019:

Debit Cash Account $29,680

Credit Interest on Note $1,680

Credit Notes Receivable $28,000

March 31:

Debit Cash Account $23,650

Credit Interest on Note $1,650

Credit Notes Receivable $22,000

Dec. 18, 2018:

Debit Cash Account $14,490

Credit Interest on Note $490

Credit Notes Receivable $14,000

d) Adjusting Entry:

Dec. 31, 2018:

Debit Interest on Notes Receivable $2,150

Credit Interest on Notes $2,150

Explanation:

a)     Note Date    Principal Amount          Interest Rate           Term

(1)    Oct. 1            $28,000                        6%                           1 year

(2)   Jun. 30          22,000                        10%                          9 months

(3)   Sep. 19           14,000                         14%                          90 days

b) Interest on the notes:

                                               Total             For 2018

1. 6% of $28,000 =                 $1,680         $1,680 x 4/12 =  $560

2. 10% of $22,000 x 9/12 =   $1,650         $1,650 x 6/9 =  $1,100

3. 14% of $14,000 x 90/360 = $490          $490 x 90/90 = $490

Total                                       $3,820                                   $2,150

c) Interests on notes receivable are prorated accordingly.

8 0
3 years ago
Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away fro
marshall27 [118]

Answer:

B) Resources

Explanation:

Since Lavender Furniture sold high quality products and had an efficient management, it was able to acquire and manage several assets including a larger plot of land for its facilities, better machinery, more employees and a highly recognized brand name. All of these are valuable resources, most of them are tangible (land, machinery and labor), but they were also able to develop an intangible resource such as a highly recognized brand name which can really be valuable.

3 0
3 years ago
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