All categories

3 years ago

A researcher at a large company has collected data on the beginning salary and current salary of 48 randomly selected employees.

Business

1 answer:

alisha [4.7K]3 years ago

3 0

Answer:

$2252.7

Explanation:

Residual is calculated by taking the difference of observed and predicted value.

The regression equation is

y= - 2532.7 + 2.12 x.

Where, y is the current salary and x is the beginning salary.

Mrs. Kathy Jones beginning salary= $19,000.

Mrs. Kathy Jones observed current salary= $40,000.

Residual for Mrs. Kathy Jones=Mrs. Kathy Jones observed current salary-Mrs. Kathy Jones predicted current salary.

Mrs. Kathy Jones predicted current salary

y^= - 2532.7 + 2.12 (19000)

y^= - 2532.7 + 40280

y^=37747.3

Mrs. Kathy Jones predicted current salary =$37,747.3

Residual for Mrs. Kathy Jones= $40,000-$37,747.3

Residual for Mrs. Kathy Jones=$2252.7

The residual for Mrs. Kathy Jones is $2252.7.

You might be interested in

Last year Lowell Inc. had a total assets turnover of 1.40 and an equity multiplier of 1.75. Its sales were $295,000 and its net

katrin [286]

Answer:

ROE would have changed by 8.52%

Explanation:

First we calculate the current ROE using Dupont Equation which gives ROE as,

ROE = Net Income/Sales * Sales/Total Assets * Total Assets/Equity

ROE = Net Profit Margin * Total Assets Turnover * Equity Multiplier

Current ROE = 10600/295000 * 1.4 * 1.75 = 0.0880 or 8.8%

The condition says that the net income could have increased to 20850 but other factors will remain constant. Thus, to calculate new ROE, we will calculate the new Net Profit margin but the total assets turnover and the equity multiplier will remain constant as sales assets and capital structure is not changing.

New ROE = 20850/295000 * 1.4 * 1.75 = 0.17316 or 17.32%
The ROE would have changed by 17.32 - 8.80 = 8.52%

7 0

3 years ago

The Industrial Revolution was characterized by a(n) Group of answer choices migration of manufacturing jobs from the Midwest and

Komok [63]

The Industrial Revolution was characterized by the increased emphasis on production which resulted to a longer hours and less job security for most workers.

<h3>What is an Industrial Revolution?</h3>

This was a period that experienced a rapid development of industry because of the introduction of machinery.

The Industrial Revolution was characterized by use of steam power, growth of factories, mass production etc

Therefore, the Option A is correct.

Missing options "A. increased emphasis on production, resulting in longer hours and less job security for most workers.

B. migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.

C. rapid improvement in the wages and working conditions of most workers, resulting in a decline in the need for labor unions.

D. movement away from scientific management, and a greater acceptance of the ideas of Herzberg and Maslow."

Read more about Industrial Revolution

<em>brainly.com/question/13323062</em>

6 0

2 years ago

During 2019, half of the treasury stock was resold for $180,000; net income was $510,000; cash dividends declared were $1,320,00

Sliva [168]

Answer:

$5,790,000 using opening balance assumption which was not provided in the question

Explanation:

Shareholders Equity 2019= Opening Shareholders Equity + Resold Treasury Stock + Net income - Cash Dividends Paid

Here

Resold Treasury Stock is $180,000

Net income $510,000

Cash Dividends Paid $1,320,000

Opening Shareholders Equity is missing so we assume the following remainder part as I didn't find the remainder part anywhere:

As of Dec. 31, 2018, Warner Corporation reported the following: Dividends payable- 20,000; treasury stock- 600,000; paid-in capital-share repurchase- 20,000; other paid-in capital accounts- 4,000,000; retained earnings- 3,000,000.

Opening Shareholder Equity = Opening paid-in capital accounts + Retained earnings - Treasury Stock + Paid in Capital share repurchases

Opening Shareholder Equity = $4,000,000 + $3,000,000 - $600,000 + 20,000 = $6,420,000

By putting values, we have:

Shareholders Equity = $6,420,000 + $180,000 + $510,000 - $1,320,000

Shareholders Equity = $5790,000

4 0

3 years ago

Describe the origins, purposes, and practices of the "long drive" and the "open range" cattle industry. What ended this brief bu

Snezhnost [94]

Answer:

The cattle industry began in the far west and furnished the great plain areas with livestock. The cattle industry progressively lost its relevance because of the excessive westward expansion, resulting in competition for the industry. There was too much cattle, but not enough food and land to sustain such great populations of livestock.

4 0

3 years ago

According to the law of demand consumer demand for a product will decrease if

sveta [45]

Answer:

Chicken wing jkjk

Explanation:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. Hope this helped!

7 0

3 years ago

Read 2 more answers