Describe a residual plot
What will be an ideal response?
A residual plot is a plot of the error terms against the independent variable. Residual plots that show patterns often indicate violations in the assumptions of the regression model.
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Use the following information to prepare a budgeted income statement for Stellar Company for the month of June.a. Beginning cash balance on June 1 is $52,000.b. Sales amounts are: April (actual), $1,450,000, May (actual), $1,600,000, and June (budgeted), $1,700,000.c. Cost of goods sold is 53% of sales.d. Budgeted cash payments for salaries in June: $260,000. Salaries payable on May 31 are $60,000 and are expected to be $50,000 on June 30.e. Budgeted depreciation expense for June: $24,000.f. Other cash expenses budgeted for June: $282,000.g. Accrued income taxes due in June: $48,000.h. Bank loan interest due in June: $8,000 which represents the 1% monthly expense on a bank loan of $800,000.i. The income tax rate applicable to the company is 30%.
What will be an ideal response?
Which of these is NOT one of the central factors determining the sustainability of a firm’s competitive advantage?
a. Durability b. Transparency c. Transferability d. Accessibility
All of the following are examples of Herzberg's motivation factors except
A. achievement. B. working conditions. C. recognition. D. responsibility. E. advancement and growth.
Which of the following occurs when people give up something in order to receive something that they would rather have?
A. Exchange B. Synergy C. Transformation D. Leveraging E. Reciprocity