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A trend forecast equation is being developed to describe sales over time. The analyst has completed the tabulation using the raw data and is about to develop the forecast equation with the least squares equations. Use the calculated trend information tabled below to calculate the simple linear regression equation (hint: for Y = a + bX, find the values of a and b). Number of periods, n = 5 ybar = 5 xbar = 3 Sum ( x2 ) = 55 Sum ( xy ) = 80 The calculated linear regression equation is: Y = 0.50 + 3.5X Y = 4.4 + 0.20X Y = 3.5 + 0.50X Y = 4.4 - 0.20X Y = 3.0 + 0.50X
What ethical concerns must an auditor address when sending and receiving confirmations? Can you think of any situations in which ethical considerations would preclude the use of confirmations? How would you respond to confirmation exceptions?
Compute the percentage of EBITDA to total revenues for 2004. Round to one decimal place after converting to a percentage. Compute the ratio of EBITDA to interest expense for 2004. Round to one decimal place.
John, the sole owner of a small accounting services company, has the following transactions during the month of January, its first month of operation. He named the company Premier Accounting Services Inc. John prepares financial statements on a mo..
1.define and explain the importance of the three parts to the definition of a liability.2.discuss the significance and
Compute the equivalent units for materials and conversion costs. Determine the unit cost for materials and conversion. Compute the predetermined overhead rate for each activity base.
An investment of $100,000 promises returns of $40,000 per year for each of the next three years. If taxes are ignored and the required rate of return is 14%, what is net present value of the project?
Austin, Inc., acquired 10 percent of McKenzie Corporation on January 1, 2014, for $310,500 although McKenzie’s book value on that date was $2,380,000. McKenzie held land that was undervalued by $185,000 on its accounting records.If no entry is requir..
Write a 700- to 1,050-word executive memo as a team that includes a description of what you will look for to see if the client is consistent with the generally accepted accounting principles (GAAP).
Collaboration in general has always been a productive thing to do, but when talking about business it reinforces the ideas and decision making process by collaborating between peers
Utech Company has income before irregular items of $306,700 for the year ended December 31, 2014.
If customer demand is 200,000 units per month, and available manufacturing capacity is 6,000 hours per week, what is the Takt time for this firm?
Cost of goods manufactured, balance in the raw materials inventory account and the cost of goods manufactured for May
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