The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience
Experience Sales
1 8
2 6
2 7
4 14
5 9
6 13
8 10
Management would like to use simple regression analysis to estimate monthly car sales using the number of years of sales experience. The sum of squares error for this sample is ________.
A) 13.50
B) 16.00
C) 29.61
D) 37.23
D
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Describe the benefits of the method approach.
What will be an ideal response?
Receipts of cash dividends and interest earned on loans are classified as investing activities.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT?
A. Net working capital is defined as operating current assets minus the difference between current liabilities and notes payable, and any increase in the current ratio automatically indicates that net working capital has increased. B. Although short-term interest rates have historically averaged less than long-term rates, the heavy use of short-term debt is considered to be an aggressive strategy because of the inherent risks associated with using short-term financing. C. If a company follows a policy of "matching maturities", this means that it matches its use of common stock with its use of long-term debt as opposed to short-term debt. D. Net working capital is defined as operating current assets minus the difference between current liabilities and notes payable, and any decrease in the current ratio automatically indicates that net working capital has decreased. E. If a company follows a policy of "matching maturities", this means that it matches its use of short-term debt with its use of long-term debt.
The decision rule for the profitability index is that any project with ________ is an acceptable project
A) a ratio less than one B) a ratio greater than one C) a ratio greater than zero D) a ratio less than zero