Cost Management
Cost Management
8th Edition
ISBN: 9781259917028
Author: BLOCHER, Edward
Publisher: Mcgraw-hill Education,
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Chapter 8, Problem 11Q
To determine

Describe the term dummy variable and how it is used in regression analysis.

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Valley Tech Inc. reported the following balances at the end of the year: Credit Sales: $250,000 Accounts Receivable: $45,000 Allowance for Uncollectible Accounts before adjustment: $2,000 debit Valley Tech estimates that 5% of the credit sales will be uncollectible. What is the net realizable value of accounts receivable after the year-end adjustment?
XYZ Co. has an average collection period of 45 days. Total credit sales for the year were $3,200,000. What is the balance in accounts receivable at year-end? (Use 360 days in a year. Round to the nearest dollar.)
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