The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the number of bedrooms, and the third independent variable (x3) is the age of the house.

Step 1 of 2 :  

Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places.

Step 2 of 2:

Determine if a statistically significant linear relationship exists between the independent and dependent variables at the 0.05 level of significance. If the relationship is statistically significant, identify the multiple regression equation that best fits the data, rounding the answers to three decimal places. Otherwise, indicate that there is not enough evidence to show that the relationship is statistically significant.

The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the number of bedrooms, and the third independent variable (x3) is the age of the house.

Step 1 of 2 :  

Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places

Step 2 of 2:

Determine if a statistically significant linear relationship exists between the independent and dependent variables at the 0.05 level of significance. If the relationship is statistically significant, identify the multiple regression equation that best fits the data, rounding the answers to three decimal places. Otherwise, indicate that there is not enough evidence to show that the relationship is statistically significant.

As a prospective owner of a club known as the Red​ Rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the​ break-even point. You have decided to break down the sales for the club into four​ categories, the first category being beer. Your estimate of the beer sales is that 32000 drinks will be served. The selling price for each unit will average $ 1.50​; the cost is $ 1.25. The second major category is​ meals, which you expect to be 12000 units with an average price of $ 12.50 and a cost of $ 5.50. The third major category is desserts and​ wine, of which you also expect to sell 10000 ​units, but with an average price of $ 2.50 per unit sold and a cost of $ 1.00 per unit. The final category is lunches and inexpensive​ sandwiches, which you expect to total 22500 units at an average price of $ 6.00 with a food cost of $ 3.25. Your fixed cost​ (i.e., rent,​ utilities, and so​ on) is $ 2000 per month plus $ 2000 per month for entertainment.

​a) For Red​ Rose, the monthly​ break-even point in dollars​ = ​$ nothing per month ​(round your response to two decimal​ places).

b).What is the expected number of meals each day if you are open 30 days a month?

An income statement for Iyekqv603 Corp. for the first quarter of the year is presented below:

On average, a book sells for $65. Variable selling expenses are $6 per book with the remaining selling expenses being fixed. The variable administrative expenses are 5% of sales with the remainder being fixed.

The contribution margin for Iyekqv603 Corp. for the first quarter is:

Multiple Choice

• $135,500

• $181,000

• $780,500

• $774,500

Cerezo Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:

Data for one of the company's products follow:

How much overhead cost would be assigned to Product Q79P using the activity-based costing system? (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $130.62

• $51,594.90

• $6,109.07

• $9,765.04

Socrates Corporation produces and sells a single product. Data concerning that product appear below:

The company is currently selling 6,400 units per month. Fixed expenses are $214,000 per month. The marketing manager believes that a $5,600 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?

rev: 03_09_2018_QC_CS-121313, 02_13_2019_QC_CS-158424

Multiple Choice

• decrease of $5,600

• increase of $3,400

• decrease of $3,400

• increase of $9,000

Problem 1 (In order to get credit, show your work and you can copy the tables below into the answer box to fill in.)

Sugar Land Company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by a MBA student. The production line would be set up in unused space in Sugar Land’ main plant. Total cost of the machine is $260,000. The machinery has an economic life of 4 years, and MACRS will be used for depreciation. The machine will have a salvage value of 40,000 after 4 years.


The new line will generate Sales of 1,350 units per year for 4 years and the variable cost per unit is $100 in the first year. Each unit can be sold for $200 in the first year. The sales price and variable cost are expected to increase by 3% per year due to inflation. Further, to handle the new line, the firm’s net working capital would have to increase by $30,000 at time zero (The NWC will be recouped in year 4). The firm’s tax rate is 40% and its weighted average cost of capital is 10%.

1. What are the annual depreciation expenses for years 1 through 4? (10 Points)

2. Calculate the annual sales revenues and costs (other than depreciation), years 1 through 4. (10 points)

3. Estimate annual (Year 1 through 4) operating cash flows (40 points)

4. Estimate the after tax salvage cash flow (10 points)
5. Estimate the cash flow of this project (10 Points)

6. Estimate the NPV, IRR, MIRR, and profitability Index of the project. (20 points)

Suppose your indifference curves are all described by equations of the form x y ¼ constant, with a different constant for each indifference curve. a. Show that for any point P ¼ (x, y), the indifference curve through P has slope −y/x at P. (This requires calculus. If you don’t know enough calculus, you can just pretend you’ve solved this part and go on to part (b).) b. Suppose that your income is $40, the price of X is $1, and the price of Y is $1. How much X do you buy? Hint: The problem is to find your optimal basket (x, y). First, write down an equation that says (x, y) is on the budget line. Next, write down an equation that says the slope of the indifference curve at (x, y) is equal to the slope of the budget line at (x, y). (Remember that you have a formula for the slope of the budget line from part (a), and that you can compute the slope of the budget line from the prices of X and Y.) Then solve these two equations simultaneously. c. Suppose your income and the price of Y remain as above, but the price of X rises to $4. Now how much X do you consume? (Use the same hint as in part b.) d. Based on your answers to parts (b) and (c), draw two points on your demand curve for X. e. After the price of X rises from $1 to $4, suppose that your income rises by just enough to bring you back to your original indifference curve. Now how much X do you buy? (Hint: The problem is to find the basket (x, y) where the compensated budget line is tangent to the original indifference curve.) First, write down the equation of the original indifference curve (remember that it is of the form xy ¼ constant, and you can figure out the constant because you already know the coordinates of one point on that curve). Next, write down an equation that expresses the condition that the slope of the indifference curve must equal the slope of the compensated budget line. Then solve these two equations simultaneously. f. When the price of X rises from $1 to $4, how much of the change in your consumption is due to the substitution effect? How much is due to the income effect?

Home Hardware reported beginning inventory of twenty six shovels, for a total cost of $156. The company had the following transactions during the month:

Required:
1. Prepare the journal entries that would be recorded using a periodic inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A.Sold 8 shovels on account at a selling price of $14 per unit

B.Sold 14 shovels on account at a selling price of $14 per unit

C.Bought 9 shovels on account at a cost of $6 per unit

D.Sold 12 shovels on account at a selling price of $14 per unit

E.Bought 14 shovels on account at a cost of $6 per unit

F. Record the cost of goods sold

G.Record the inventory on hand based on inventory count

2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any book-to-physical adjustment that might be needed. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A. Record the sale of shovels.

B.Record the cost of shovels sold.

C.Record the sale of shovels.

D. Record the cost of shovels sold.

E. Record the purchase of shovels.

F. Record the sale of shovels.

G.Record the cost of shovels sold.

H.Record the purchase of shovels.

I.Record the entry for book-to-physical adjustment, if any.

3-a. What is the dollar amount of shrinkage that you were able to determine in requirement 1? (Enter "0" if you were unable to determine the dollar amount of shrinkage.)

Amount of shrinkage -

3-b. What is the dollar amount of shrinkage that you were able to determine in requirement 2? (Enter "0" if you were unable to determine the dollar amount of shrinkage.)

Amount of shrinkage -

3-a. What is the dollar amount of shrinkage that you were able to determine in requirement 1? (Enter "0" if you were unable to determine the dollar amount of shrinkage.)