Category: Quizs

-Refer to the figure.If the actual activity was 20 setups,the actual fixed cost for inspections was $28,000,and the variable cost for inspections was $5,000,what is the total variance for inspections?
A)$2,000 favourable
B)$2,000 unfavourable
C)$1,000 favourable
D)$1,000 unfavourable

A three-day investment conference is held in Las Vegas.Dr.Singh,a dentist,travels from Ohio to attend to improve his taxable investment portfolio performance.Ms.Gondin,a financial planner,travels from Seattle to attend the same conference to improve her skills in managing her clients’ investment portfolios.The same standards of deductibility will apply to both attendees.

The extended least squares assumptions in the multiple regression model include four assumptions from Chapter 6 (ui has conditional mean zero; (Xi,Yi), i = 1,…, n are i.i.d. draws from their joint distribution; Xi and ui have nonzero finite fourth moments; there is no perfect multicollinearity). In addition, there are two further assumptions, one of which is
A)heteroskedasticity of the error term.
B)serial correlation of the error term.
C)homoskedasticity of the error term.
D)invertibility of the matrix of regressors.

Gayle,a doctor with significant investments in the stock market,traveled on a cruise ship to Bermuda.Investment specialists provided daily seminars which Gayle attended.The cost of the cruise for four days is $2,500.Gayle can deduct (before application of any floors)
A)$0.
B)$1,250.
C)$2,000.
D)$2,500.

The number of no-shows each day for dinner reservations at the Cottonwood Grille is a discrete random variable with the following probability distribution: Based on this information,the standard deviation for the number of no-shows is about 0.36 customers.