For the following data, the value of SSE = 12.75.
Dependent Variable (y)
Independent Variable (x)
16
4
17
6
23
2
17
4
?
The coefficient of determination (r2) equals
A. .7651.
B. -.7651.
C. .5854.
D. -.5854.
Answer: C
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Standards are best measured when they are
A. broad. B. quantifiable. C. narrow. D. efficient. E. ethical.
The following data were taken from the accounting records of the Mixing Department of Kappa Corporation which uses the weighted-average method in its process costing system: Beginning work in process inventory: Cost$19,000 Units 30,000unitsPercent completion with respect to materials 100%Percent completion with respect to conversion 60%Units completed and transferred out 82,000unitsCost per equivalent unit: Material$1.50 Conversion$0.75 The cost of units transferred out was:
A. $145,000 B. $167,500 C. $184,500 D. $149,500
Howell Company uses the average cost method of process costing. Howell had 1,00 . units in beginning work-in-process which were 75% complete. Costs associated with this inventory were $3,200 . When calculating the cost per equivalent unit for the month of June, Howell's controller should:
a. Not consider the $3,200 as those costs were incurred in a prior period. b. Calculate the cost to complete the 1,00 . items in beginning work-in-process separately. c. Include the $3,200 with the current month's cost to arrive at total cost for production to date. d. Include the equivalent units to complete the beginning work-in-process inventory to arrive at the equivalent units for the period.
Cash flows from acquiring and disposing of long-term assets are classified as
A) operating activities. B) investing activities. C) financing activities. D) purchasing activities.