Which of the following is NOT a capital budgeting decision?
A) an airline updates its kiosks to allow passengers to self-check-in
B) a convenience store decides whether to expand its operations in a new location
C) a hospital decides whether to construct a new pediatric wing
D) a retail company decides whether to mark down its old inventory
D) a retail company decides whether to mark down its old inventory
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Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and for Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is
A) $0 B) $18,000 C) $8,000 D) $10,000
When the value of the output cannot be determined even if the value of the controllable input is known, the model is
a. analog. b. digital. c. stochastic. d. deterministic.
Yates Corp. wants to develop a cost equation for its administrative costs. The controller believes the appropriate cost driver is units produced. Last year's data are presented below:MonthUnits ProducedAdministrative CostsJanuary 32,500 $24,288 February 37,700 27,720 March 24,700 17,820 April 40,300 30,360 May 49,400 37,290 June 42,900 29,040 July 53,300 32,670 August 45,500 30,030 September 26,000 20,460 October 48,100 34,320 November 61,100 40,920 December 54,600 36,630 SUMMARY OUTPUTRegression StatisticsMultiple R0.965383R Square0.931965Adjusted R-Square0.925162Standard Error1,881.232Observations12 CoefficientsStandard Errort StatP-valueLower 95%Upper
95%Intercept4,919.482,221.3292.210.051156-29.94859,868.909Units produced0.5861540.05008211.703.69E-070.4745660.697743Required:(a.) What is the equation for administrative costs using the regression analysis?(b.) Does the variable "units produced" have statistical significance? Explain.(c.) Prepare an estimate of administrative costs for a month when 30,000 units are produced. What will be an ideal response?
State federations and central labor councils are
a. established directly by the AFL-CIO. b. established by the national unions in the area. c. established by the local unions in the area. d. prohibited under the laws of some states and cities.