Use the Following to Answer Questions

question 102

Multiple Choice

Use the following to answer questions :
The following table lists the ages (in years) and the prices (in thousands of dollars) by a sample of six houses.

-Suppose we have information on the ages (in years) and the prices of a sample of houses.In the regression of price on age for these data,the value of a will represent:

• A)the point where this regression line will intersect the y-axis
• B)the point where this regression line will intersect the x-axis
• C)an decrease in the age of a house due to a $1,000 increase in its price
• D)an decrease in the price of a house due to a one year increase in its age

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Definitions:

Current Ratio

An indicator of a company's financial health, showing its capability to settle obligations due within a year by comparing its short-term assets to its short-term liabilities.

Accrued Liabilities

Liabilities recorded on the balance sheet that represent expenses that have been incurred but not yet paid.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered and invoiced but not yet paid for.

TIE Ratio

A financial performance indicator that shows a company's capacity to cover its interest expenses with its current earnings, highlighting its financial health and stability.