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Using the following information, what is the predicted level of accounts receivable for the year 2021 if sales are $3,300? HINT: This is a regression
Using the following information, what is the predicted level of accounts receivable for the year 2021 if sales are $3,300? HINT: This is a regression equation with Sales as the independent variable (x) and Account Receivable as the dependent variable (y). Year Sales Inventories Accounts Receivable $ 272.00 2016 $ 387.00 2017 $ 2,200.00 $ 2,634.00 $ 2,559.00 398.00 $ 288.00 2018 409.00 $ 310.00 2019 $ 2,950.00 415.00 $ 330.00 2020 $ 3,150.00 615.00 375.00 $563 $329 $576 $376
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