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%