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NEW QUESTION 21
A high school teacher believes that the poverty rate in each U.S. state can be explained by the percentage of the population who do not have a high school diploma or equivalent. The teacher collects data from each of the 50 U.S. states; a portion of the data is given below.

Which of the following Excel dialog boxes correctly runs the regression described? A)

B)

C)

D)

• A. Option B
• B. Option D
• C. Option A
• D. Option C

Answer: C

NEW QUESTION 22
An entrepreneur starts a new business by opening a bank account in the name of this business and making a capital contribution of $10,000 from a personal savings account. This action would impact the accounting equation by increasing assets and:

• A. Increasing liabilities
• B. Decreasing liabilities
• C. Decreasingowner's equity
• D. Increasing owner's equity

Answer: D

NEW QUESTION 23
Two years ago, the purchasing manager at a company spent $25,000 on a new machine that would improve production efficiency at the company. The manufacturers of the machine release an updated model that costs $35,000 and that promises to further improve production efficiency. Under what conditions should the purchasing manager upgrade to the new model?

• A. If the savings from the additional efficiency improvements are large enough to offset the $60,000 spent on machines
• B. If the savings from the additional efficiency improvements are large enough to offset the $10,000 difference in price between the machines
• C. If the efficiency improvements from the old machine did not result in enough savings to offset the $25,000 purchase price
• D. If the savings from the additional efficiency improvements are large enough to offset the $35,000 cost of the new machine

Answer: D

NEW QUESTION 24
Company B sold a service contract that covers a two-year period for $10,000. The service period commenced on July 1, Year 1. Service revenue is recognized evenly throughout the contract period. What amount should Company B report as deferred revenue from this service contract on its balance sheet on December 31, Year 1?

• A. $7,500
• B. $5,000
• C. $2,500
• D. $10,000

Answer: A

NEW QUESTION 25
An executive at an insurance company has developed a new method for determining monthly rates for drivers insured by the company. Using a regression analysis of different factors, the executive has come to the conclusion that the two most important factors are the value of the carand the number of miles the driver lives from the city. The partial regression output table provided by the data is as follows:

Given this information, how much could a driver expect to pay per month for a car worth $45,000 located three miles from the city center?

• A. $313.50
• B. $836.50
• C. $250.00
• D. $563.50

Answer: D

NEW QUESTION 26
......

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