Method of least squares, evaluation of cost equation lassiter company used the method of least squares to develop a cost equation to predict the cost of moving materials. there were 80 data points for the regression, and the following computer output was generated: intercept $18,950 slope 13 coefficient of correlation 0.92 standard error $220 the activity driver used was the number of moves. required: 1. what is the cost formula? y = $ + $x 2. using the cost formula, predict the cost of moving materials if 330 moves are made. $ 3. what percentage of the variability in moving cost is explained by the number of moves? (round percentage to two decimal places.) %

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm