Shelby Cabinets, Inc. produces custom cabinets. The following inventory balances appeared on its balance sheet.

A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has

nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

6 0

3 years ago

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

liraira [26]

Answer:

1. Income statement for 2016.

Sales revenue ($1,661,000 + $15,000) $1,676,000

Less Cost of Sales

Purchases ($1,490,000 + $145,000) ($1,635,000)

Gross Profit $41,000

Less Expenses

Office Expense $95,000

Salaries and wages expense $955,000

Utilities Expense $530,000 ($1,580,000)

Net Loss ($1,539,000)

<u>2. Statement of retained earnings for the fiscal year ended August 31, 2015.</u>

Retained Earnings Beginning $410,000

Dividends $10,000

Retained Earnings Closing $400,000

Explanation:

Income statement calculates profit : Profit = Gross Profit (Sales - Cost of Sales) - Expenses. Whilst Statement of retained earnings calculates closing balance in Retained Earnings : Closing Balance = Opening Balance + Profit for the year - Dividends

7 0

3 years ago

A broker moves his office without telling the FREC where he is moving. Two weeks later, a seller comes in and lists his property

FrozenT [24]

Answer:

Yes

Explanation:

In this specific scenario, it can be said that Yes the seller can refuse to pay the broker a commission. This is because the broker's license ceases to be in force when the broker changes his address without notifying the FREC within 10 days. Therefore, since the broker moved and did not notify the FREC where he moved to, and did not register his new address then the seller is within his rights to refuse payment to the broker.

7 0

3 years ago

1. Interest rates on a 4-year Treasury security are currently 7%, while 6-year Treasury securities yield 7.5%. If the pure expec

Fiesta28 [93]

Answer:

The market believes that 2-year securities will be yielding 4 years from now is 8.51%

Explanation:

The pure expectations theory tries to predict what short-term interest rates will be in the future based on current long-term interest rates.

Given data;

Interest rate on 4-year treasury security = 7%

Interest rate on 6-year treasury security = 7.5%

The pure expectation theory explains that the 6-year rate is the geometric average of the 4-year rate and the 2-year rate 4 years from now.

The 2-year rate in 4 years is represented by r

We solve;

(1 + 7.5%)⁶ = (1 + 7%)⁴ × (1 + r)²

(1 + 0.075)⁶ = (1. 0.07)⁴ × (1 + r)²

1.543301526 = 1.31079601 × (1 + r)²

1 + r = 1.08507020

r = 1.08507020 - 1

r = 0.08507020

r = 8.51%

Therefore, the market believes that 2-year securities will be yielding 4 years from now is 8.51%.

6 0

3 years ago

WILL MARK BRAINLIEST

Zigmanuir [339]

Answer:

the total partner equity is $105,000

Explanation:

The computation of the total partner equity is shown below;

= Capital contributions × number of partners - withdrawn amount by the partners + total profit

= $50,000 × 2 - $5,000 - $7,500 + $17,500

= $105,000

hence, the total partner equity is $105,000

Therefore the correct option is B.

3 0

3 years ago