Use the Following to Answer Questions

question 73

Short Answer

Use the following to answer questions :
For a data set of 10 values of x and y,the value of = 86,the standard deviation of errors for the regression of y on x is 3.662,and the value of b is 3.00.
For the purpose of running a hypothesis test,the null hypothesis is that the slope of the population regression line of y on x is zero and the alternative hypothesis is that the slope of this population regression line is different from zero.The significance level is 5%.
-What is the value of the test statistic,t,rounded to three decimal places?

Prepare journal entries for partnership transactions, including capital contribution, withdrawals, income allocation, and closing of drawing accounts.

Calculate dividends rate, dividends per share, and eligible shares for dividends under different stock scenarios.

Evaluate the financial statement impacts of cash and stock dividends.

Prepare journal entries for stock transactions, including sales, issuance, and dividend declarations.

---

Definitions:

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of raw material.

Raw Materials Price Variance

The difference between the actual cost of raw materials purchased and the standard or expected cost, reflecting variances in purchase prices.

Raw Materials Quantity Variance

The difference between the expected and actual quantity of raw materials used in production, affecting manufacturing costs.

Materials Price Variance

This is the difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.