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Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: 7 Regression Statistics Multiple R 0.9755 R Square 0.9517
Star, Inc. used Excel to run a least-squares regression analysis, which resulted in the following output: 7 Regression Statistics Multiple R 0.9755 R Square 0.9517 Observations 30 Intercept Production (X) Coefficients 175,003 11.57 Standard Error 61,603 0.9213 T Stat P-value 2.84 0.021 12.55 0.000 What is Star's total fixed cost? Multiple Choice $61,603 $92,130 O O $175,003 $236,606 Knox Corp. has a selling price of $20, variable costs of $14 per unit, and fixed costs of $25,000. If Knox sells 12,000 units, the contribution margin ratio will equal: 4 Multiple Choice Skipped $60,000 0% 70% 10.4%
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