One clue to the presence of multicollinearity is an independent variable known to be an important predictor that ends up having a regression coefficient that is not ____________________
Fill in the blank(s) with correct word
significant
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Which one of the following items appears on a balance sheet?
a. Accounts payable b. Sales revenue c. Utilities expense d. Cost of goods sold
If the indirect method is used, each of the following is a proper adjustment to net income to arrive at net cash flows from operating activities except
a. deducting a decrease in Prepaid Expenses. b. adding an increase in Salaries Payable. c. deducting an increase in Accounts Receivable. d. adding a decrease in Inventory.
The reliability of a product or component can also be expressed as the ______.
a. maximum length of time elapsed before the product or component fails b. average length of time elapsed before the product or component fails c. minimum length of time elapsed before the product or component fails d. range (difference between lowest and highest times) of time elapsed before the product or component fails
Shiigi Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May is to be based on 3,300 meals. The diner's director has provided the following cost data to use in the budget: groceries, $3.80 per meal; kitchen operations, $4,600 per month plus $1.25 per meal; administrative expenses, $3,800 per month plus $0.40 per meal; and fundraising expenses, $1,700 per month.Required:Prepare the diner's budget for the month of May. The budget will only contain the costs listed above; no revenues will be on the budget.
What will be an ideal response?