Among the general statistical models, a(n) _____ model is the best-fit straight-line relationship between two variables, such as sales and the money spent on marketing.
A. exponential curve
B. linear regression
C. quadratic
D. logarithmic statistical
Answer: B
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Dragon Telecommunications Inc. wants to create forecasted financial statements for 2018 based on its accounting data in 2017.
In 2017 total revenue was $1,550,000; cost of goods sold was $1,250,000; selling and G&A expenses were $110,000; depreciation expense was $15,000; interest expense was $25,000; the average tax rate was 35%, and the number of shares outstanding was 80,000. Also, in 2017 Dragon had cash of $20,000; accounts receivable of $120,000; inventory of $220,000; plant & equipment of $1,150,000 with an accumulated depreciation of $250,000. Accounts payable, notes payable, long-term debt, common stock, additional paid-in-capital, and retained earnings represented 7%, 0.5%, 20%, 44.5%, 12%, and 16% of total assets, respectively. For 2018, Dragon expects a 25% increase in total revenue, while cost of goods sold and selling and G&A expenses are expected to remain at the same proportion of total revenue as in 2017. Both total plant and equipment and depreciation expense will increase by 12%. Similarly, long-term debt is forecasted and interest expense will increase by 20%, but the tax rate and the number of shares outstanding will remain constant. Additionally accounts receivable, inventory, accounts payable, and notes payable are expected to increase 15%, while common stock and paid-in-capital will increase by 25%. The dividend policy in 2018 will be based on a dividend payout ratio of 50%. In other words, 50% of forecasted earnings will be paid to shareholders as dividends. a) Using these projections, create the forecasted 2018 income statement, balance sheet, and statement of cash flows for Dragon Telecommunications Inc. Each statement should be on a separate worksheet.
The Food and Drug Administration (FDA) requires most food labels in the United States to state how much fat, cholesterol, and protein are in each serving of the product
Indicate whether the statement is true or false
Slang and buzzwords in business writing can make you sound unprofessional
Indicate whether the statement is true or false
You are writing a report in which you will recommend that your department adopt a flexible work schedule for employees. You know that your manager will be most interested in the conclusions and recommendations sections of your report. First, explain the difference between a conclusion and a recommendation. Then write one conclusion and one recommendation that you could include in your report