You Want to Collapse the Coding Scheme for a Variable

question 15

Short Answer

You want to collapse the coding scheme for a variable that is currently coded 1 through 5. The first two categories of the variable get combined and the last two categories of the variable get combined. The new codes will go from just 1 to 3. Indicate below what the new values are for each of the old values. 

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Definitions:

Cash Outflow

Money going out of a business as a result of payments made to others, including expenses, investments, and loan repayments.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Company Name

The official legal name under which a business operates and is registered under law.

QuickBooks

An accounting software package developed and marketed by Intuit, aimed at small and medium-sized businesses for managing payroll, inventory, sales, and other financial needs.