Bricktan Inc

question 30

Multiple Choice

Bricktan Inc.makes three products,basic,classic,and deluxe.The maximum Bricktan can sell is 715,000 units of basic,420,000 units of classic,and 120,000 units of deluxe.Bricktan has limited production capacity of 90,000 hours.It can produce 10 units of basic,8 units of classic,and 4 units of deluxe per hour.Contribution margin per unit is $15 for the basic,$25 for the classic,and $55 for the deluxe.What is the most profitable sales mix for Bricktan Inc.?

• A)71,500 basic,420,000 classic and 240,000 deluxe.
• B)150,000 basic,120,000 classic and 240,000 deluxe.
• C)300,000 basic,240,000 classic and 120,000 deluxe.
• D)600,000 basic,0 classic and 120,000 deluxe.
• E)75,000 basic,420,000 classic and 120,000 deluxe.

Understand the distinction between multiple correlation and Pearson correlation, including their advantages and disadvantages.

Calculate and interpret the degrees of freedom in various statistical scenarios involving multiple predictors.

Differentiate between correlation and regression, including their purposes and uses in research.

Understand the implications of using regression to predict values from one or more variables.

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Definitions:

Principles-based

An approach focused on general guidelines, allowing for the exercise of professional judgment and flexibility in applying standards.

Bank Reconciliation

The process of matching and balancing figures in accounting records with those displayed on a bank statement.

Outstanding Checks

Checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Debit Memorandum

A document issued by a buyer to a seller indicating a deduction from the amount payable to the seller, often due to returned goods or errors.