Use the linear regression method and determine the estimated sales equation
Consider the following annual sales data for 2001-2008:
Year Sales
2001 2
2002 4
2003 10
2004 8
2005 14
2006 18
2007 17
2008 20
Answer: Y = -.2143 + 2.6309 X. This equation is appropriate if years are treated as 1, 2, 3, etc.
Y = -5262.12 + 2.6309 X. This equation is appropriate if years are treated as 2001, 2002, 2003, etc.
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Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows:YearInventoryCostTransferPriceInventory Remaining at Year End(at transfer price)20X1$80,000 $100,000 $30,000 20X2$110,000 $130,000 $26,000 Assume Shove sold the inventory to Push. Using the fully adjusted equity method, what journal entry would be recorded by Push to recognize the realization of the 20X1 deferred intercompany profit and to defer the 20X2 unrealized gross profit on inventory sales to Shove? A.Income from Shove Company2,000 Investment in Shove Company 2,000B.Income from Shove Company1,200 Investment in Shove Company 1,200C.Investment in Shove Company2,000 Income from Shove Company 2,000D.Investment in Shove Company1,200 Income from Shove Company 1,200
A. Option A B. Option B C. Option C D. Option D
Rose Corp. has contribution margin of $65,000, variable costs of $10 per unit, and fixed costs of $25,000. If Rose sells 13,000 units, what was the selling price per unit?
A. $5.00 B. $12.50 C. $17.08 D. $15.00
In a single-period inventory situation, the only inventory decision is when to trigger an order
Indicate whether the statement is true or false
Petty cash is being phased out in favor of:
A. Hard cash B. A blank check C. P-card D. Score-carding