The table below shows the number of cars sold last month by seven employees at Concord Motors andtheir number of years of sales experience.Experience Sales86171224LO56814191310Management would like to use simple regression analysis to estimate monthly car sales using thenumber of years of sales experience. The 95% confidence interval for the regression slope is(-1.842, 3.158)(0.408, 0.908)(0.058, 1.258)(0.481, 1.797)

The objective of the question is to determine the 95% confidence interval for the regression slope…

Answered: The table below shows the number of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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According to the Financial Department, the cost for a short waiting of a customer is $20. When there are: backorder, lost sales, lost customer, the costs are: $40, $100, S600 respectively. Y Figures calculated by the Marketing Department for the last year show the following: 1. 20% of all stock-outs result in short waiting of a customer. 2. 50% of all stock-outs result in a back order. 3. 20% of all stock-outs result in a lost order. 4. 10% of all stock-outs result in a lose of a customer. Questions: a. What is the average cost of a stock-out? b. How much should we invest in inventory to reduce the number of stock-outs from 1000 a year to only 200 per year?
1 We learned how to use the Scenario Manager to view the results of a model when multiple 2 assumptions are changed. Using the Assumptions below, build the pro forma (in yellow) model and then run the 3 Scenarios using the the inputs in green below the pro forma. Your answer should show the After Tax Profits per Year (Summary range should be B25:F25). 4 5 6 Assumption 7 Tax Rate 8 Unit Sales 9 Sales Growth 10 Year 1 Price 11 Year 1 Cost 12 Cost Growth Rate 13 Price Growth Rate 14 15 16 17 Unit Sales 18 unit price 19 unit cost 20 21 Revenues 22 Costs 23 Before Tax Profits 24 Tax 25 After Tax Profits 26 27 28 Scenario 29 Accelerated Growth 30 Sustainable Growth 31 Moderate Growth 32 Moderate Decline 33 Accelerated Decline 34 35 Range name taxes Year1 units salesgrowth Year1 price Year1 cost costgrowth pricegrowth 1 200,000 $75.00 $60.00 $0 $0 Unit Sales 300,000 250,000 225,000 180,000 165,000 18.0% 200,000 3.5% $75.00 $60.00 2 3.0% 5.0% $0 $0 Year 3 $0 $0 Sales Growth Cost Growth 10.0%…
SoCal Edison reported the following data for operating revenue and net income for 2001 through 2005. Year Operating Revenue (Millions), X Net Income (Millions), Y 2001 2270 96.9 2002 1482 89.1 2003 2138 103.9 2004 2260 81.6 2005 2600 78.1 Using Excel, determine the least-squares regression line and interpret its slope. Estimate the net income if the operating revenue figure is $2500 million.
Tomperance, inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least sauares regression analysis Regression Aralyss $750 $43,000 Scater Dagram Variabie cost per Unt so Tocal mondhy fCd cost 541500 Tomporance is now proparing an cstmate for monthly sales of 19,000 units. On the basis of the data presonted, compute the most accurate salos forocast possibie. O An amount other than those listed above. O $I84300. S176.700. O S172.200. O S1700.
4) Big Foot recorded a gross margin of 55% in last year. If cash discounts of the store were 2% while alteration costs were 1% of its net sales in last year, what was the maintained markup percentage Big Foot achieved in last year?
The number of properties newly listed with a real estate agency in each quarter over the last four years is given below. Assume the time series has seasonality without trend. Quarter 1 2 3 4 Year 1 73 89 123 92 Year 2 81 87 115 95 Year 3 76 91 108 87 Year 4 77 88 120 97 a. Develop the optimization model that finds the estimated regression equation that minimize the sum of squared error. b. Solve for the estimated regression equation. c. Forecast the four quarters of Year 5. *Please solve in excel
Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February Number of Hats Produced 6,750 2,800 3,250 4,250 March April May June July August Suppose that Havana expects to sell 4,700 hats during the month of September and that each hat sells for $2.75. Havana performed a least-squares regression and obtained the following results: Intercept X Variable 1 Total Cost $ 7,500 3,900 4,200 5,050 8,150 7,800 3,700 6,150 6,800 Coefficients 1,255.09 0.91 4,450 6,900 7,520 Required: Prepare Havana's contribution margin income statement for the month of September. Note: Round your answers to 2 decimal places. Havana Hats Contribution Margin Income Statement Month of September ▬▬ Next
The new chief executive officer (CEO) of Richard Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: (Click the icon to view the variety of operations information.) Read the requirements, Requirement 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product. (a) The total sales revenue is (Round your answer to the nearest cent.) (b) The selling price per unit is (Round the retum on investment to the nearest whole percent, X%.) (c) The rate of return on investment is (d) Calculate the markup percentage on full cost for this product. (Round your intermediary calculations to the nearest cent and the markup to the nearest hundredth percent XXX%) The markup percentage on full cost for this product is Requirement 2. The new CEO has a plan to reduce fixed costs by $200,000 and variable…
Hh3.
Peoples Energy INC reported the following data for operating revenue and net income for 2001 through 2005. Year Operating Revenue (Millions), X Net Income (Millions), Y 2001 2270 96.9 2002 1482 89.1 2003 2138 103.9 2004 2260 81.6 2005 2600 78.1 Determine the least-squares regression line and interpret its slope. Estimate the net income if the operating revenue figure is $2500 million. Use Excel showing steps.
Ee 184.
As you review the ratio analysis of your company, you see that the Days Sales Outstanding over the last 2 years has gone from 37 to 44. List three things that could have caused this. Give specific examples.

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