As a rough guideline, there should be at least ________ times as many observations (sample size) as there are variables
A) two or three
B) three or four
C) four or five
D) five or six
C
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The _______ of an observation is determined by how far the values of the independent variables are from their means.?
A. ?odds ratio B. ?residual C. ?collinearity D. ?leverage
The United States is most accurately characterized as a(n) ________
A) global society B) emerging market C) underdeveloped market D) traditional culture E) consumer society
Under which of the following theories would the accounting equation be Total Assets - Total Liabilities = Owners’ Equities?
a. Residual equity theory b. Proprietary theory c. Entity theory d. Commander theory
Summit Financial Advisors provides accounting and finance assistance to customers in the retail business
Summit has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff run about $731,000 per year, and it normally has about 8,500 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $561,000. Summit allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Summit's professionals spent 41 hours on their client. What is the total amount of cost that Summit will record for the client for the month? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $3,526 B) $2,706 C) $1,292,000 D) $6,232