The Boxwood Company sells blankets for $ 37.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Product Z Units Cost May 01 Purchase 7 $15.00 May 10 Sale 5 May 17 Purchase 10 $16.00 May 20 Sale 8 May 23 Sale 3 May 30 Purchase 12 $24.00 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for the sale of May 20 using the FIFO inventory cost method.
Answers
Answer:
$128
Explanation:
The FIFO inventory system means first in , first out. It means that it is the first purchased inventory that is the first to be sold.
Under the perpetual system, the cost of goods sold Under the FIFO system would be taken from the most recent inventory purchase prior to the sale.
The most recent inventory purchase prior to the sale occurred on the 17th. The price at which the inventory was purchased on the 17th would be used to calculate the cost of goods sold
So the cost of goods sold = $16.00 × 8 = $128
I hope my answer helps you
Related Questions
The adjusted trial balance of Grouper Corp. at December 31, 2022, includes the following accounts: Retained Earnings $16,300, Dividends $5,800, Service Revenue $36,100, Salaries and Wages Expense $13,800, Insurance Expense $1,790, Rent Expense $4,010, Supplies Expense $1,490, and Depreciation Expense $850.
Required:
Prepare an income statement for the year.
Answers
Answer:
net income is $ 14,160.00
Explanation:
The income statement from which the net income for the year is derived is shown below:
Grouper Corp. Income Statement as at 31 December ,2022.
Service revenue $36,100
salaries and wages expense $13,800
insurance expense $1,790
rent expense $4,010
supplies expense $1,490
depreciation expense $850
Total expenses ($ 21,940)
Net income $ 14,160
ending retained earnings =$ 14,160.00+$16,300.00-$5,800.00=$24,660.00
10 roles of insurance in a business
Answers
Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."
The other roles of insurance in a business are:Mitigation of riskProvision of insurance service by the insurance company Protection from unexpected lossesEase of getting loansProvision of social cooperationIt enhances saving habitsIt aids some contracts that require it.There are tax benefits.Promotion of trades and industry, etc.Hence, in this case, it is concluded that insurance plays various roles in business.
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What does it mean to become a master adaptive learner and why is this
important?
Answers
Answer:
Hi
Explanation:
A master adaptive learner is someone that uses an approach to self-regulated learning that leads to development. This is important because this can give you a growth mindset and motivation.
case study “Nürnberg Augsburg Maschinenwerke (N.A.M)” Contemporary Logistics
Answers
The case study "Nürnberg Augsburg Maschinenwerke (N.A.M)" focuses on the logistics operations of the company. N.A.M is a manufacturing company that produces machine tools and specializes in CNC (Computer Numerical Control) machining centers. The company faces various logistical challenges and seeks to improve its operations to enhance customer satisfaction and profitability.
In this case study, several key topics related to contemporary logistics are explored. Some of these include:
1. Supply chain management: The case study examines how N.A.M manages its supply chain, including the procurement of raw materials, inventory management, and supplier relationships.
It discusses the importance of effective supply chain management in ensuring smooth operations and reducing costs.
2. Distribution network design: The case study delves into the design of N.A.M's distribution network, including the location of warehouses and distribution centers.
It discusses the factors that influence network design decisions, such as customer proximity, transportation costs, and service requirements.
3. Inventory management: The case study explores how N.A.M manages its inventory levels to balance customer demand and production capacity.
It discusses inventory control techniques, such as Just-in-Time (JIT) and Economic Order Quantity (EOQ), and their impact on operational efficiency.
4. Transportation management: The case study highlights the transportation challenges faced by N.A.M, including the need to transport heavy and bulky machine tools to customers.
It discusses strategies for optimizing transportation, such as route planning, load consolidation, and choosing the appropriate mode of transportation.
5. Information systems: The case study emphasizes the importance of information systems in managing N.A.M's logistics operations.
It discusses the role of technology in tracking inventory, optimizing production schedules, and enhancing communication with suppliers and customers.
Overall, the case study provides insights into the complexities of contemporary logistics and the strategies employed by N.A.M to overcome logistical challenges. It showcases the importance of efficient and well-coordinated logistics operations in achieving customer satisfaction and maintaining a competitive edge in the market.
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An employee from another department will join your team next week. She requested the transfer because she felt her work was becoming predictable and monotonous. Her performance reports show she has made good contributions to programming projects but needs to improve her presentation skills.
Answers
It appears that next week, an employee from another department will be joining your team.
She requested the transfer due to feeling that her previous work was becoming predictable and monotonous. According to her performance reports, she has made valuable contributions to programming projects, demonstrating her strong technical abilities.
However, an area where she could improve is her presentation skills. As she transitions to your team, it would be beneficial to provide her with opportunities to engage in diverse tasks and challenges, ensuring she stays motivated and experiences professional growth.
Additionally, offering resources and training in presentation skills can help her strengthen this aspect of her work. By doing so, she will not only become a more well-rounded team member but will also contribute effectively to the overall success of your team. Remember to welcome her warmly and provide any necessary support during this transition period.
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What are the issues when new product development is conducted at multiple sites? How can these issues be addressed?
Answers
Answer:
안녕 난 상관 없어 무료 포인트 고마워
Explanation:
머리가 제일?
According to the AHDI, capitalize the name of a genus when used in the plural. true or false
Answers
It is FALSE to state that according to the AHDI, one must capitalize the name of a genus when used in the plural.
What is the AHDI standard for capitalizing a genus?According to the American Association for Medical Transcription (AHDI), the name of a genus or some genera (the plural of genus) should always be capitalized and italicized.
The implication is that the name of a genus is always capitalized whether used in the plural or singular.
Thus, it is FALSE to conclude that according to the AHDI, one must capitalize the name of a genus when used in the plural.
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Drag each term to the correct location on the table.
Identify dos and don’ts of creating a good résumé.
1. using underlined text to
denote section headings
2. including marital status
3. listing work experience
chronologically
4. using different bullet styles
5. making the résumé lengthy
6. listing technical competencies
Answers
Answer:
Creating a Good Résumé
Dos
1. using underlined text to denote section headings
3. listing work experience chronologically
6. listing technical competencies
Don’ts
2. including marital status
4. using different bullet styles
5. making the résumé lengthy
Explanation:
A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history. It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.
In its first month of operation, Ivanhoe Company purchased 320 units of inventory for $5, then 420 units for $6, and finally 360 units for $7. At the end of the month, 400 units remained. The company uses the periodic method. Compute the amount of phantom profit that would result if the company use FIFO rather than LIFO.
Answers
Answer:
If the company uses FIFO method, the cost of goods sold is lower increasing the gross profit. In this case, income will increase by $680.
Explanation:
Giving the following information:
purchases:
320 units of inventory for $5
420 units for $6
360 units for $7
At the end of the month, 400 units remained.
First, we need to determine the number of units sold:
Units sold= total units - ending inventory
Units sold= 1,100 - 400= 700
Now, we calculate the cost of goods sold using LIFO (last-in, first-out) and FIFO (first-in, first-out)
LIFO:
COGS= 360*7 + 340*6= $4,560
FIFO:
COGS= 320*5 + 380*6= $3,880
Finally, the difference:
Difference= 4,560 - 3,880= $680
If the company uses FIFO method, the cost of goods sold is lower increasing the gross profit. In this case, income will increase by $680.
If the points on a scatterplot fall on a nearly straight line sloping upward, what do the two variables have? Explain your reasoning.
________________________________
Choose the correct answer below.
A.A strong positive correlation. A positive correlation is when both variables increase or decrease together, and a strong correlation is when the two variables lie close to a straight line.
B.A strong positive correlation. A positive correlation is when both variables increase together, and a strong correlation is when the two variables lie exactly on a straight line.
C.No correlation. The given information does not indicate a relationship between the two variables.
D.No correlation. There is only a correlation between two variables when one variable decreases while the other increases.
E.A weak negative correlation. A negative correlation is when both variables increase or decrease together, and a weak correlation is when the two variables lie close to a straight line.
F.A weak negative correlation. A negative correlation is when both variables increase together, and a weak correlation is when the two variables lie exactly on a straight line.
Answers
Option A is correct. Strong positive correlation. A positive correlation is when both variables are increasing or decreasing together, and a strong correlation is when the two variables are close to a straight line.
A positive correlation is a relationship between two variables that run in parallel. In the same direction. A positive correlation occurs when one variable decreases when the other variable decreases, or when one variable increases while the other variable increases. Since these two different variables are moving in the same direction, they are theoretically subject to the same external force.
A positive correlation is when one variable tends to decrease when the other variable decreases, or when one variable tends to increase when the other variable increases.
In finance, correlations are used to describe how individual stocks perform in relation to the broader market.
A beta of 1.0 represents a stock that correlates perfectly with the S&P 500. Values above 1.0 represent stocks with higher volatility than the S&P 500, while lower values represent stocks with lower volatility.
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A person studying economics chooses to buy an economic textbook for their class, even though it means they cannot afford to buy a video game they want. This shows an understanding of
Answers
Answer:
d consequences and tradeoffs.
Explanation:
just took the test its d figured ill answer your question since you haven't been answered yet. good luck on your tests
Answer:
Explanation:D
explain a systematic process that mattek could apply to analyse its supply chain
.
Answers
In supply chain enviornment, there is proper management of goods provide to customer
The term "natural environment" or "natural world" refers to all naturally occurring, that is, unmanmade, living and non-living phenomena. The phrase is most frequently used to refer to the Earth or specific regions of the Earth. This environment includes how all living things interact with one another as well as the climate, weather, and natural resources that have an impact on human survival and economic activities. Following are some components that make up the idea of the natural environment: Ecologically complete units that include all flora, microbes, soil, rocks, atmosphere, natural occurrences that take place within their bounds, and their nature. These ecological units function as natural systems without significant human interference. Energy, radiation, electric charge, and magnetism are universal natural resources and physical phenomena that don't have distinct borders, such as air, water, and climate. They also don't come from civilized humans.
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1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4 percent per year. a. What is the expected dividend in each of the next 3 years? b. If the discount rate for the stock is 12 percent, at what price will the stock sell? c. What is the expected stock price 3 years from now? d. If you buy the stock and plan to hold it for 3 years, what payments will you receive? What is the present value of those payments? Compare your answer to (b).
Answers
Answer and Explanation:
The computation of each point is shown below:-
a. Expected dividend in each of the next 3 years is
Dividend in year 1 = Current Dividend × (1 + growth rate)
= 2 × (1 + 0.04)
= 2.08
Dividend in year 2 = Dividend in year 1 × (1 + growth rate)
= 2.08 × (1 + 0.04)
= 2.1632
Dividend in year 3 = Dividend in year 2 × (1 + growth rate)
= 2.1632 × (1 + 0.04)
= 2.249728
b Price the stock will sell
Current Price = Dividend in year 1 ÷ (Discount rate - growth rate)
= 2.08 ÷ (0.12 - 0.04)
= 26
c. Expected Price 3 years from now is
Price in Year 3 = Dividend in year 4 ÷ (Discount rate - growth rate)
= [2 × (1 + 0.04)^4] ÷ (0.12 - 0.04)
= 2.33971712 ÷ 0.08
= 29.246464
d. The present value of payments received is
Year Dividend ÷ Price PVF at 12% Present Value of Dividend ÷ Price
0 2 1
1 Dividend 2.08 0.892857143 1.857142857
2 Dividend 2.1632 0.797193878 1.724489796
3 Dividend 2.249728 0.711780248 1.601311953
3 Price at
year 3 29.246464 0.711780248 20.81705539
Total 26
Note
Here the present value is the same as we have calculated in part b.
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Answers
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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Which two of these are essential for completing an initial mortgage loan application?
Home purchase price
Proof of income
Current debts and credit history
Name of insurance agent
$2,500 in savings
Answers
Answer:
2 and 3
Explanation:
Proof of income and Current debts and credit history
how does entrepreneurship play a role to uplift the economic standard of an individual and country as a whole explain with examples
Answers
Answer:
Entrepreneurship can be simply described as the process of taking risks and providing solutions to the problems of people and society. the Entrepreneur may do this commercially for profit or for social benefit.
Explanation:
Entrepreneurship leads to the development of many organizations and effective utilization of resources. these resources include labour, land, propery and capital.
this will benefit the economy through,
-Creation of new jobs
-Expanding economic activities
-developing new technologies and innovative solutions
-promoting healthy competition among entrepreneurs
-government receiving more revenue through taxes from businesses
the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
Answers
Answer:
the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
For each of the following accounts indicate the effects of a debit and a credit on the account and the normal balance of the account
Answers
The following accounts indicate the effects of a debit and a credit on the account and the normal balance of the account.
What are accounts?Accounting is not pure mathematics. Simple multiplication, division, and addition are involved. There might be a little elementary algebra, but that's it. You are not required to comprehend calculus.
1. accounts payable - Debit effect: Decrease
Credit effect: Increase
Normal Balance: Credit
2. advertising expense - Debit effect: increase
Credit effect: decrease
Normal Balance: debit
3. service revenue - Debit effect: decrease
Credit effect: increase
Normal Balance: credit
Therefore, As a result, The normal bank account is referred as the following charts.
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Accountability is the basic concept of delegation discuss?
Answers
Answer:
Delegation of Accountability
Explanation:
Unlike authority and responsibility, accountability cannot be delegated. Rather, it is inherent in the bestowment of responsibility itself. Anyone who sets out to accomplish a task and take on a job in a company becomes accountable for the outcome of their efforts.
A_____is a course of study that prepares students for careers in specific trades and occupations that need skilled workers
Answers
Answer:
Skilled Trades Education
Explanation:
These skilled trades education equips students with highly demanded skills which the companies requires its job applicant to posses so that he least guided and more productive than an newly trained employee. The students are trained at school and college level to get skilled so that they get better jobs or pays in coming future. There are many industry specific skills that a student can learn that are associated with manufacturing, construction, telecommunication, transportation, automobile, etc.
Based on the following information from ABC Company’s financial analysis, which one of the following statements is NOT true?
Ratio
Year 1
Year 2
Year 3
Year 4
Year 5
Debt to equity
0.05
0.02
0.01
0.01
0.02
Operating income ratio
15.9%
18.6%
17.5%
19.6%
21.3%
Payable turnover ratio
9.75
10.63
11.24
13,15
13.52
Inventory turnover ratio
6.31
5.76
7.28
10.53
15.36
Gross profit ratio
58.3%
52.3%
46.9%
49.5%
41.3%
Net profit ratio
13.2%
15.2%
14.1%
15.9%
16.4%
Current ratio
7.35
4.96
3.28
2.65
3.14
Answers
Based on the following information from ABC Company’s financial analysis, the untrue statement is C. The company's ability to cover its short-term obligations is getting higher over the five years.
What financial ratio shows the ability to meet short-term obligations?The financial ratio that can be used to determine if a company is able to meet its short-term obligations is called the Current Asset Ratio.
The current ratio (current assets/current liabilities) of ABC Company has been decreasing since Year 1. Its ability to meet short-term obligations cannot be increasing at the same time.
Ratio Year1 Year2 Year3 Year4 Year5
Debt to equity 0.05 0.02 0.01 0.01 0.02
Net profit ratio 15.9% 18.6% 17.5% 19.6% 21.3%
payable turnover ratio 9.75 10.63 11.24 13.15 13.52
Inventory turnover ratio 6.31 5.76 7.28 10.53 15.36
Gross profit ratio 58.3% 52.3% 46.9% 49.5% 41.3%
Net profit ratio 13.2% 15.2% 14.1% 15.9% 16.4%
Current ratio 7.35 4.96 3.28 2.65 3.14
Thus, while other ratios have shown improvement over the years, ABC's current ratio declines year-on-year, implying that Option C is not true.
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Question Completion with Answer Options:A. The cost of goods sold has been increasing over the five years.
B. The company has very little debt and may be underleveraged
C. The company's ability to cover its short-term obligations is getting higher over the five years.
D. The company is selling its inventory faster over the five years.
A company's income before interest expense and income taxes is $350,000 and its interest expense is $100,000.Its times interest earned ratio is:_________.A) 0.29B) 3.50C) 2.50D) 1.75E) 0.50
Answers
Answer:
B) 3.50
Explanation:
The computation of the times interest earned ratio is shown below:
As we know that
Times interest earned ratio is
= Income before interest expense and income taxes ÷ interest expenses
= $350,000 ÷ $100,000
= 3.50
Hence, the times interest earned ratio is 3.50
Therefore the correct option is b.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT
Answers
Answer:
credit entry
Explanation:
The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.
When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.
The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.
The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.
1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
Answers
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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1. Seven out of every ten families in America live
loan to loan
job to job
paycheck to paycheck
house to house
Answers
Answer:
paycheck to paycheck
Explanation:
Living from paycheck to paycheck means that a big proportion of an individual or household income is spent on expenses. It is a situation where individuals do not save for emergencies and have no tangible investments. Almost all their incomes are spent on consumables.
In the US, over 70 % of households have not saved for rainy days. Should these families lose their source of income, they will have challenges in meeting their financial obligations almost immediately.
Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),.
Print out the amortization schedule and on the back of the schedule answer these questions:
1.
Write down the facts of the loan: loan amount, interest rate, extra monthly payment, length of the loan
2.
What is the total principal, interest paid?
3.
What is the last monthly payment?
4
How many payments is this loan with the additional principal?
5
How much faster was this loan than the original in #1?
6.
How much money was saved by paying $100 extra toward principal each month?
7.
What is the point?
Answers
Answer:
3000* (1+ 0.06) (that little 1 at the corner there <)
= $3,180
3,180 - 3000 = $180 first year
180/12 =$15 per month
The formula is
Principal (money borrowed/3000$) times/*/x (1+ rate (0.06) ) to the power of 1
Please correct me if i got it wrong i’m studying this in class too.
Explanation:
Select all that apply
Which statements are true regarding trade credit? (Select all that apply)
It is the most widely used source of short-term funds.
It is used by large and small businesses.
It is usually more convenient than bank loans.
It is more expensive long term than other loans.
Answers
Regarding trade credit, the following assertions are true: Both large and small enterprises utilize it. Usually, it is more practical than bank loans. As a result, choices (B) and (C) are accurate.
When products and services are purchased on credit, trade credit refers to the loan provided by one merchant to another. The ability to buy materials on trade credit makes it possible. Business groups frequently utilize trade credit as a form of short-term finance.
Customers that have a respectable level of financial standing and goodwill are given it. 2020 Kuveya
Trade credit may take many different forms and is widely used. Different specialized versions are used by various businesses. They all share the bank loans collaboration of businesses to use money effectively to achieve diverse business goals.
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Answer:
it is you by large and small businesses
it is usually more convenient than bank loans
it is the most widely used source of short term funds
Explanation:
\This dialogue reflects what aspect of communication?
a.
body language
b.
good listening
c.
working together
d.
leadership
Answers
The given dialogue reflects the good listening aspect of communication. Therefore, option B is the correct option.
What is communication?Communication is a process of conveying a message, an opinion, learning, and experience to other people through the means of writing it down, saying it, and so on.
Good communication is a skill in present times where it is valued in every sphere of life. With the help of good communication skills, an individual, can excel in his or her career by getting more contacts. The good communication skills also help in maintaining good relationships in life because one becomes emotionally intelligent, which strengthens the bonds among people.
The dialogue shown demonstrates the importance of effective listening in communication. As a result, choice B is the best one.
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The given question is probably incomplete. The complete question is given below.
Sara: "Tell me all about your weekend! Was it nice to be on the beach?" Rose: "It was awful! It rained the whole time and I didn't get to spend any time on the beach at all. This dialougue reflects what aspect of communication?
body language
good listening
working together
leadership
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Answer:
An online recommendation engine is a set of software algorithms that uses past user data and similar content data to make recommendations for a specific user profile. An online recommendation engine is a set of search engines that uses competitive filtering to determine what content multiple similar users might like.
Explanation: