The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender (x2) (0 if male and 1 if female). y = 30 + .7x1 + 3x2 Also provided are SST = 1200 and SSE = 384 . If we want to test for the significance of the model, the critical value of F at ? = .05 is
a. 3.33.
b. 3.35.
c. 3.34.
d. 2.96.
b
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At the beginning of 2019, Patriots Company has the following account balances:
Accounts Receivable $40,000 (Debit) Allowance for Bad Debts $7000 (Credit) Bad Debts Expense $0 During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $790,000, and $17,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The amount of bad debts expense for 2019 is ________. A) $20,250 B) $41,000 C) $17,000 D) $10,250
Which culture would be the most direct with bad news?
a. United States b. France c. Germany d. Latin America
Flagler Corporation uses the direct write-off method. On February 2, Year 1, after making numerous efforts to collect $9,600 from a customer, the company wrote off the account. On April 1, Year 1, the customer paid $8,000 to Flagler. Prepare the entries to record the February 2 and April 1 transactions in general journal format.
What will be an ideal response?
Dalton is studying how to become a critical thinker. Please answer the questions below. Dalton also learns that being generally negative, scornful, and distrusting of other people is a sign of being ____.
A. confident B. cynical C. ethical D. emotional