Question
36. When examining the output from regression analysis, the goodness of fit measure is labeled ________ by most computer programs. A) X coefficient B) R2
36. When examining the output from regression analysis, the goodness of fit measure is labeled ________ by most computer programs. A) X coefficient B) R2 C) constant D) standard error of estimate
22. Green Company has total variable costs of 75% of total revenues and fixed costs of $10 million per year. What is the break-even point expressed in total revenue dollars?(show work ) A) $10 million B) $12.5 million C) $40 million D) $100 million
20. Smithsonian Company sells chairs at $60 per chair. The variable costs are $30 per chair. Total fixed costs for the period are $150,000. The contribution margin ratio is ________.(show work) A) 22.5% B) 37.5% C) 50.0% D) 62.5%
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