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san4es73 [151]
3 years ago
11

Mary used a sample of 68 large U.S. cities to estimate the relationship between Crime(annual property crimes per 100,000 persons

) and Income (median annual income per capita, in dollars). Her estimated regression equation was Crime = 428 + 0.050 Income. If Income decreases by 1000, we would expect that Crime will:
decrease by 50
Go up by 428
increase by 50
Remain unchanged
Business
1 answer:
Archy [21]3 years ago
3 0

Answer:

Decrease by 50.

Explanation:

Estimated regression equation was:

Crime = 428 + 0.050 Income

Above regression equation says that if there is an increase in the income level by $1 then as a result crime increases by 5% which shows that there is a direct relationship between the income level and crime level.

Hence, if Income decreases by 1000, then we would expect that Crime will decreases by:

= 0.050 × 1,000

= 50

Decrease by 50.

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Hitman42 [59]

Answer: Discussing about the services and inexpensive items in the menu.

Explanation: In the given case, Leila's target customers are the students in college campus. The college students do not have a lot of money to spend. Therefore, she should inform the audience about the inexpensive items in the menu that they can purchase.

She can also persuade them by telling them the services provided by cafe. The nearness of the cafe from the campus could save time of the students, thus it could be a good point to attract the students.

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3 years ago
The upper management of barcelona restaurant group believes that success depends on employees who are self-starters and empowere
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3 0
3 years ago
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According to Garvin's ________ definition of quality, quality is found in the components and attributes of a product.
Vladimir [108]

Answer:

product based

Explanation:

Garvin defined five measures or perspectives of quality:

  1. transcendental perspective: quality that can be perceived but not clearly defined.
  2. user perspective: concrete definition of quality, the product complies with the users' needs yes or no.
  3. manufacturing perspective: quality is measured as conformance to requirements, e.g. ISO standards.
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6 0
3 years ago
Assume Shamrock estimates bad debts based on 5% of the Accounts Receivables ending balance (as of Dec. 31, 20x2). Determine Bad
a_sh-v [17]

Answer:

Bad Debt Expense for 20x2 is $50,245

Explanation:

Note: The full question is attached as picture below

Ending balance = Beginning balance + Sales on account or credit sales - Cash collected - Uncollected accounts

Beginning balance of Accounts receivable (given) = $850000

Credit sales in 20X2 = 80% * $3125000 = $2500000

Cash collections (given) = $2400000

Uncollectible accounts (given) = $52100

Ending balance = $850000 + $2500000 - $2400000 - $52100 = $897900

Allowance required to be made for 20X2 = 5% of Accounts receivables ending balance on 20X2  = 5% * $897900 = $44895

First we will write off uncollectible accounts of $52100 from the beginning balance of allowance for uncollectible accounts. (Beginning balance of allowance for doubtful accounts = $46750 ).

Difference = Beginning balance of allowance account - Uncollectible accounts = $46750 - $52100 = - $5350

It means that there is a shortfall of $5350 in the allowance for doubtful accounts. And, also a total of $44895 should be there in the credit of Allowance for doubtful accounts at the end of 20X2.  Allowance needed in 20X2 = $44895 + $5350 = $50,245 . So, the Bad debt expense for 20X2 is $50,245.

7 0
3 years ago
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Mrac [35]

Answer:

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Explanation

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4,000 units of Lowell lamp X 4 machine hours = 8,000 machine hours.

7 0
3 years ago
Read 2 more answers
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