Your boss would like you to estimate the fixed and variable components of a particular cost. Actual data for this cost over four recent periods appear below. Activity CostPeriod 122 $121Period 228 $132Period 321 $117Period 429 $134 Using the least-squares regression method, what is the cost formula for this cost?
A. Y = $ 0.00 + $5.04X
B. Y = $72.64 + $2.13X
C. Y = $75.50 + $2.02X
D. Y = $75.89 + $1.02X
Answer: C
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Chancellor Company purchased merchandize worth $900 on credit, terms n/30 . What is the required journal entry to record the transaction under the perpetual inventory system?
a. Accounts Receivable 900 Purchases 900 b. Purchases 900 Merchandize Inventory 900 c. Merchandize Inventory 900 Accounts Payable 900 d. Accounts Payable 900 Merchandize Inventory 900
A buyer of $5,000 in merchandise inventory does not take advantage of a supplier's credit terms of 2/10, n/30, and instead pays the invoice in full at the end of 30 days. The buyer will pay $4,900.
Answer the following statement true (T) or false (F)
"Wartrapping" is:
a. using a key to "lock" a message and another key to "unlock" it. b. a signature sent over the Internet. c. a "free" Internet access point set up by hackers and used to steal passwords and other important information. d. illegal or unauthorized viewing of information as it passes along a network communication channel.
Most large corporations outside of their national borders. For corporations that are not multinational or international, who do they rely on to sell to customers beyond their borders ?
a. Employees on travel b. Vendors c. Telephone centers d. Online sales