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The personnel director for a local manufacturing firm has received complaints from the employees in a certain shop regarding what they perceive to be inequities in the annual salary for employees who have similar performance ratings, years of service and relevant certifications. The personnel director believes that an employee's pay in this particular shop should be positively correlated to their prior performance rating, years of service and relevant certifications. The personnel director has collected the data shown in the following table pertaining to the employees within the shop.
Employee
Current Annual Salary
(Thousands)
Average Performance Rating for Past 3 Years
(5 point scale)
Years of Service
Number of Relevant Certifications
1
48.2
2.18
9
6
2
55.3
3.31
20
3
53.7
3.18
18
7
4
61.8
3.62
33
5
56.4
2.62
31
8
52.5
3.75
13
54.0
4.25
25
55.7
3.43
30
45.1
1.93
10
67.9
4.5
47
11
53.2
2.81
12
46.8
3.06
58.3
23
14
59.1
4.06
35
15
57.8
4.12
39
16
48.6
2.31
21
17
49.2
3.87
63.0
4.37
40
19
53.0
2.5
50.9
55.4
3.68
22
51.8
3.5
27
60.2
34
24
50.1
2.43
The personnel director is interested in creating a linear regression model that can be used to estimate the annual salary an employee might expect to receive based upon his or her past performance, years of service and/or number of relevant certifications. The regression model will be used as a basis for determining whether or not there is any validity to the employees' complaints regarding salary inequities.
Perform each of the following seven regression analyses using a 95% confidence level.
When depreciation is computed for partial periods under a decreasing charge depreciation method, it is necessary to
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Uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company estimated that it would incur $510,000 in manufacturing overhead during the year and that it would work 100,000 machine-hours.
She does remember that the machine has a projected life of 10 years. Based on these data, the annual cost savings are:
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
Allison is the sole shareholder of Destiny Corporation, which operates a travel agency for business travelers. Allison would like the corporation to donate some used computers to a local private school dedicated to the education of young ladies.
hometown delivery co. incurred the following costs related to trucks and vans used in operating its delivery service
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