If a Regression Analysis Shows an R Factor of

question 280

Multiple Choice

If a regression analysis shows an R factor of .89 exists, it is safe to assume

• A)a strong negative relationship between cost and volume.
• B)a strong positive relationship between cost and volume.
• C)no relationship between cost and volume.
• D)a perfect positive relationship between cost and volume.

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Definitions:

Cash Sales

Transactions where payment is made in cash at the time of the sale.

Cash from Sale

The cash received from selling goods or services.

Cash Receipts Journal

A financial journal that records all cash transactions, including sales and received payments, entering a business.

Accounts Payable

Obligations of a company indicating funds due to lenders for products and services acquired through credit.